what is a professional employer organization peo company
Professional employer organization A professional employer organization (PEO) is a firm that provides a service under which an employer can outsource employee management tasks, such as employee benefits, payroll and workers' compensation, recruiting, risk/safety management, and training and development. The PEO does this by hiring a client company's employees, thus becoming their employer of record for tax purposes and insurance purposes. This practice is known as co-employment.
San Miguel Corporation San Miguel Corporation (PSE:Â SMC) is a Filipino multinational publicly listed conglomerate holding company. It is the largest publicly listed food, beverage and packaging company in Southeast Asia as well as the Philippines' largest corporation in terms of revenue, with over 17,000 employees in over 100 major facilities throughout the Asia-Pacific region.