What is a PEO?
A PEO (or Professional Employee Organization) is an outsourcing firm which provides services to small and medium-sized businesses. PEOs offer these businesses comprehensive HR solutions by servicing payroll, benefits, HR, tax administration, and regulatory compliance assistance.
In 2017, Access-Health Services was developed as a Third-Party Administrator (TPA) and Management Services Organization (MSO) serving Medicare Advantage Plans and other entities needing administrative services. We found, as a small employer, it was difficult to afford the Human Resource expertise, secure affordable benefits, and provide the technology necessary for wage and hour record keeping. After much research and planning, we formed a Professional Employer Organization (PEO). PEOs have been in existence for over 30 years, just not based in Arkansas. Through this organizational structure, we can offer the human resource expertise, payroll, and benefit programs difficult for smaller organizations to afford. We work as a team, “co-employing” people to help organizations grow and prosper. Every company we add strengthens our ability to provide lower cost, higher quality benefits, and increase our ability to offer enhanced Human Resources based programs.
We handle the back-office infrastructure that can end up costing your business valuable time and money:
Payroll processing, payroll tax filing, direct deposit services, forms maintenance, worker compensation policy procurement, premium payments, claims and audits, wage garnishments, employee benefits, and more.
Benefits of a PEO
Small businesses that work with a PEO:
- grow 7-9% faster
- have a 10-14% lower employee turnover
- are 50% less likely to go out of business
PEO services create a stronger community:
Companies with PEOs see an increase in employee engagement, trusting the employer’s dedication to employee support, and backing of the employer’s approach to business growth. When you let us worry about the chaos, you have time to grow your business, build a strong team, and focus on your dream.