PEO Services Help Small Companies Thrive

Is your small company really thriving? 

Small companies get started because someone has a vision for a better way of solving a problem. The dream often involves prosperity and pursuit of a passion. All too often, though, entrepreneurs find out the reality involves lots of demanding human resources-related responsibilities that drain time and energy. 

Sure, those HR tasks are important. But they’re never part of a business owner’s initial passion – and few entrepreneurs have either the expertise to handle all those varied demands themselves or the financial resources to hire an internal HR team. 

A professional employer organization, or PEO, can change that paradigm and help your small business thrive. PEOs like Axcet HR Solutions exist for only one reason: to manage essential HR tasks on behalf of small and medium-sized businesses. A PEO’s services save small business owners money and reduce stress and worry. What they get in return are expert HR resources, confidence that they’re complying with employment regulations … and time to refocus on business growth. 

PEOs like Axcet provide a range of services within four categories: human resources, payroll administration, employee health benefits and risk management. While all clients must use a PEO’s payroll services, Axcet doesn’t require clients to use its risk management or workers’ compensation services like a lot of other PEOs do.  

Let’s break down the services a PEO like Axcet provides. 

In the HR category, small companies often choose to outsource functions like: 

• Recruiting, hiring and retention strategy creation; 

• HR policy and employee handbook development; 
• Background checks and drug screenings; 
• Performance management, employee discipline and termination guidance; 
• Unemployment claims processing and appeals; and 
• Regulatory compliance management. 

For payroll, a PEO like Axcet can take on both the responsibility and accountability for payroll and payroll tax administration. Axcet’s payroll services are flexible, secure and provided by a dedicated administrator. You get peace of mind that your employees will be paid exactly what they earned, precisely when they expect it. And payroll taxes? Always calculated correctly and paid on time. 

When it comes to employee benefits, the right health benefits create a competitive advantage that helps your company attract, retain and engage top talent. A PEO like Axcet makes Fortune 500-style benefits affordable for smaller companies by putting clients’ employees into a single group and taking that large group to the health care marketplace. With the larger group, the PEO has greater bargaining power with insurance providers than your business could get on its own. Then, the PEO’s clients can access reasonably priced benefits packages that include:  

• Health, dental and vision 
• Life and accidental death and dismemberment insurance 
• Short-term and long-term disability 
• Health care and dependent care flexible spending accounts 
• Health savings accounts 

• 401(k) pre- and post-tax options and 
• Employee assistance plans 

PEOs also provide benefit plan administration, Affordable Care Act management and HR compliance expertise. That’s a huge weight off a small company’s shoulders. 

And, finally, in risk management: Small businesses have to take proactive, ongoing steps to both help prevent accidents and mitigate claims losses. A PEO like Axcet can help you develop safety policies and implement practices that contribute to a safer workplace. The PEO’s safety professionals also can train your employees to understand and follow those protocols. 

PEOs like Axcet provide workers’ compensation insurance, too – and, if a claim is filed, helps your company manage the claim and contain costs. 

Hiring a PEO puts extensive HR resources at your fingertips – without taking away any of your operational or decision-making control. You and your team always retain control over:  

• Recruiting and hiring decisions 
• Day-to-day management of all employees 
• Talent development 
• Organizational structure and development 
• Business succession planning and 
• Strategic capital planning 

Want your company to thrive? Call or email Axcet today to learn how we can help make that small business dream come true.