ProfessionalEmployerOrganization
What is a PEO?
A Professional Employer Organization (PEO) helps small to mid-sized companies manage the everyday HR needs that smaller businesses struggle to handle alone, like paying employees, filing payroll taxes, providing health insurance (and other benefits), getting workers compensation coverage, writing employee policies, managing employee issues, and more.
What is a PEO & how does it work?
PEOs provide small companies with payroll support, benefits administration, workers’ compensation compliance, and human resources administration. These organizations offer a wide range of service, making it possible for small business to opt-in for the specific services they need.
What makes PEOs different from traditional HR outsourcing services is the co-employment model. When you partner with a PEO, the organization will issue W-2s to all your employees. For tax and legal purposes, the PEO you’re partnering with becomes the employer of record for your full- and part-time staff members, but you retain full control over your business and your employees.
Benefits of PEO Services
Reduce Administrative Burden
Administer your daily human resources responsibilities so you can focus on revenue-generating activities.
Mitigate Risk
Provide expertise & HR solutions to alleviate the risk and financial liability associated with managing employees.
Make Employers More Attractive
Provide you with a comprehensive compensation package that enables you to recruit, hire and retain high-valued employees.
Why is a PEO a good idea?
According to the National Association of Professional Employer Organizations (NAPEO), nearly 180,000 small businesses work with PEOs and employ 3.7 million people. Companies that use a PEO grow faster, increase revenue and profits, and have happier, more engaged employees.
Businesses that use a PEO:
- grow 7-9% faster than businesses that don’t.
- have 10-14% lower employee turnover.
- have 2x the revenue growth of businesses that don’t.
- are 50% less likely to go out of business.
XcelHR is a Certified PEO by the IRS
XcelHR is a Certified Professional Employer Organization (CPEO) by the Internal Revenue Service (IRS). Being verified as Certified PEO shows XcelHR is proven to be financially responsible and sound, giving clients an added level of protection and assurance. Only 5 percent of PEOs are accredited as a CPEO nationally.
A PEO helps you every step of the way.
They focus on the regulatory paperwork and day-to-day employee administration so you can focus on HR strategies that impact your profitability.
XcelHR named the Best PEO Company of 2021
XcelHR was one of 15 PEO companies in the nation named to Digital.com’s Best PEO Companies of 2021.
For a complete list of our PEO service
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