EOR vs PEO: Which Service Is The Best Fit For My Business
The terms EOR (employer of record) and PEO (professional employment organization) are often used interchangeably as both services can act as an extension of your business by employing your workers when you are expanding locally or internationally. To add more confusion to the EOR vs PEO debate, these terms are defined differently based on the country or continent you are based in. For example, in Asia, both terms refer to employment outsourcing with no differentiating factors, whereas in the UK an EOR is sometimes defined as an umbrella company.
Yes, these services provide very similar offerings, however, there are important differences which can impact your company’s risk and liability that you should be aware of before deciding on the solution that best fits your needs in the U.S. Luckily, we have simplified these in a quick infographic below to help you decide which is the best fit for you.
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PGC is here to help! If you need some extra help and expertise when employing your workers in the U.S. or Canada, or simply would like to find out more information about our employer of record service, contact us today to get the conversation started!
Disclaimer: All information written here is for general informational purposes only and is not intended to be a substitute for professional and/or legal services.