Prestige is an outsourced Human Resources firm, sometimes referred to as a PEO (Professional Employer Organization).
American business is undergoing fundamental changes in human resource management, and the PEO industry is a response to market demands. PEOs offer to their clients and worksite employees the services and expertise of a large corporate personnel department.
Few, if any, small businesses can afford a full-time staff consisting of an accountant, a human resource professional, a lawyer, a risk manager, a benefits manager, and a manager of information services. PEOs offer this expertise to their clients.
A PEO delivers these services by establishing and maintaining an employer relationship with the employees at the client’s worksite and by contractually assuming certain employer rights, responsibilities, and risk. This shared employment relationship is called co-employment.