What is the difference between Payroll and PEO? Table of Content Introduction Insights on PSP (Payroll Service Provider) PEO (Professional Employer Organization) What is the difference between Payroll and PEO? Wrapping Up Introduction For most businesses, the days of manually calculating payroll are long gone. Those who continue to use this method may benefit from digitization. Small businesses have several options for doing so, including using a payroll service provider (PSP), which focuses solely on a company’s payroll needs, or a professional employer organization (PEO), which not only handles payroll but also other HR-related services. In short, PEOs and payroll services both help to streamline payroll processing, but in very different ways. Don’t worry if these terms confuse you; the article below provides detailed information on Payroll, PEO (Professional Employer Organization), and the Difference Between Payroll and PEO. Insights on PSP (Payroll Service Provider) Payroll