PEO stands for "Professional Employer Organization" and is an American term for a company that serves as the legal employer for the people you want to hire. For example, see https://justworks.com/. When an employee joins our company, they legally become an employee of JustWorks, but we're the practical employers. It's purely a legal relationship.
This is welcome the USA government because they know these companies help us achieve compliance better than we could on our own. JustWorks has been great, but only employs people in the USA. When we want to employ someone outside the USA, we therefore need to find a "global PEO." These companies are sometimes called "Employers of Record."
Popular Global PEOs are:
- Globalization Partners
- Elements Global
- Capital GES
- Pilot.co
- Lots more.
But it's a highly fragmented market and has been a pain to engage.