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EOR and PEO
Stand for employer of record and professional employer organization.
A PEO is a Professional Employer Organization, which is a third party that co-employs individuals with a business. They provide the payroll and other services in a country and ensure compliance requirements are met. While similar to an EOR, a PEO is different in that it is not the legal employer. They act as an employment partner and similar to an outsourced payroll and compliance vendor.
Related Glossaries
W-8BEN
IRS form that tells the US government that the individual is not a US resident.
Part-time employee
A part-time job is a form of employment that carries fewer hours per week.
Tax filing
Tax filing is the process of submitting required financial documents and information to tax authorities.
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