Co-employment

What is Co-employment ?

‘Co-employment’ refers to an intermediary division between the HR and the employer. In the case of co-employment, both of the concerned parties share the legal responsibilities of an employer.

While the employer or the Professional Employment Organization (PEO) takes care of the administrative factors like payroll management, benefits processing etc., the HR would be concerned with the daily duties of the employees and other HR-related factors.

They are generally used to lower the burden on HRs of large organizations. As the PEOs take care of the administrative responsibilities, they are mostly tasked with the sections of HR which are time-consuming, for example, payroll and leave management.

More HR Terms

Incidence Rate

What is Incidence Rate?   ‘Incidence Rate’ refers to the rate of accidents, medical conditions, or injuries that happen in a company or an industry

Knowledge-based Pay

What is Knowledge-based Pay ?    ‘Knowledge-based Pay’ refers to a system of compensating an employee based on their knowledge and skills along with the

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