A method of containing costs that allows a professional employer organization (PEO), typically a larger company, to take over the management of a smaller company's HR tasks and become a coemployer to its employees is known as
A)outsourcing.
B)employee leasing.
C)furloughing.
D)nearshoring.

Question

Quizplus · Accepted Answer

Employee leasing, also known as co-employment, allows a smaller company to outsource their HR tasks to a professional employer organization (PEO). The PEO becomes a co-employer to the smaller company's employees, which means they handle tasks such as payroll, benefits, and compliance. This allows the smaller company to contain costs by not having to hire their own HR staff or invest in expensive HR systems.

A Method of Containing Costs That Allows a Professional Employer