A global employment organization (GEO) is an employer of record that is used to hire employees outside of the client’s country. They provide payroll administration, benefits administration, and HR services. As an EOR, they also take on the liability for statutory compliance.
See also:
Links to this note
-
Peos Charge Two to Seven Percent of Payroll
PEOs charge between 2-7% of the dollar volume of the payroll for their services (more for GEOs) generating revenue between $1,200 per employee per year up to $4,000 (source: JP Morgan).