Acronym standing for Professional Employer Organization, a company that provides HR services to other businesses, or People (as informal abbreviation).
Modern acronym formed from 'Professional Employer Organization,' a business model that emerged in the late 20th century as companies sought to outsource human resources functions while maintaining employee relationships.
PEOs represent a fascinating evolution in employment - they technically become the 'employer of record' for workers who still report to their original company. It's like having a corporate middleman that handles all the paperwork while you keep doing your actual job elsewhere.
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