Nextep
Nextep is a Professional Employer Organization providing co-employment HR services — including payroll, benefits, compliance, and HR consulting — to small and medium-sized businesses across 20 U.S. locations, supported by its Elevate by Nextep mobile app platform.
- Company typePrivate
- Founded2019
- HeadquartersNorman, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Nextep does
Nextep is a Professional Employer Organization (PEO) headquartered in Norman, Oklahoma, that delivers co-employment HR services to small and medium-sized businesses across the United States. Through its co-employment model, Nextep becomes the employer of record for client employees and assumes responsibility for payroll processing, benefits administration, workers' compensation, multi-state compliance, and ongoing HR consulting. Its core service lines — PEO, HR support, Benefits Management, Payroll, and Risk & Compliance — are delivered alongside the Elevate by Nextep™ mobile app and a cloud-based, all-in-one technology platform that consolidates employee records, time and attendance, benefits enrollment, and paystub access into a single interface accessible across devices. The company is IRS CPEO-certified, ESAC-accredited, and maintains SOC 1 Type 2 attestation, signaling a compliance-grade operational posture that aligns with its stated SMB and mid-market value proposition of providing enterprise-level benefits and HR expertise at accessible price points.
Nextep operates a subscription-based revenue model with recurring service fees tied to client employee count and scope of services, augmented by benefits management and insurance distribution partnerships (e.g., CoverWallet/Aon). Go-to-market is hybrid: dedicated field sales teams operate from 20 physical offices across 14+ states, emphasizing white-glove, local-presence relationships with SMB clients, while inside sales, phone-based consultation (888-811-5150), and digital self-service through the Elevate app provide scalable entry points. The company has been actively densifying its geographic footprint, adding four new markets in January 2025 (Raleigh, Washington D.C., Salt Lake City, The Woodlands) and four more in March 2026 (Scottsdale, Atlanta, Chicago, Greenville), and has expanded its ecosystem through partnerships with Nayya (AI-driven benefits guidance, 2025) and CoverWallet/Aon (commercial insurance brokerage, 2024). Nextep remains privately held under Founder and CEO Brian Fayak, with no disclosed institutional funding or M&A activity to date.
Recent brand signals reinforce customer outcomes: Nextep's NPS runs 56% above the industry average, 73.4% of clients rate satisfaction 9 or 10 out of 10, and the company has been named to Fortune's Best Workplaces in Consulting & Professional Services for six consecutive years and the ClearlyRated Best of HR Services Award for two consecutive years. Together these signals point to an established, founder-led, organically funded PEO with disciplined geographic expansion and a clear SMB focus.
Nextep firmographics
Firmographics- Name
- Nextep
- Legal name
- Nextep, Inc.
- Website
- https://nextep.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Nextep is a Professional Employer Organization providing co-employment HR services — including payroll, benefits, compliance, and HR consulting — to small and medium-sized businesses across 20 U.S. locations, supported by its Elevate by Nextep mobile app platform.
- Ownership category
- akta.pro rank
Nextep industry classification
Industry- Product category
- Professional Employer Organization (PEO) Services
- NAICS
- Professional Employer Organizations (561330), Professional Employer Organizations (56133), Payroll Services (541214)
- SIC
- Services-Employment Agencies (7361)
- akta.pro primary industry
- Professional Employer Organization (PEO) / Co-Employment Services (BPACAHAB)
- akta.pro secondary industries
- Onboarding, Offboarding & Employee Lifecycle Administration (BPACAHAL), Managed Payroll Services (Full-Service Payroll Outsourcing) (BPAAAHAA), Association & PEO Group Health Plans (AHP/PEO-Sponsored) (FSAIAFAH), Workers’ Compensation for Small Business & Pay-As-You-Go Programs (FSAJAEAG)
Keywords
Where Nextep is headquartered
LocationHeadquarters
- HQ city
- Norman
- HQ country
- United States
- HQ region
- North America
Offices20 records
Markets served
Nextep business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- PEO Services (Co-Employment): Nextep operates as a Professional Employer Organization (PEO), providing co-employment services where they become the employer of record for client businesses. This includes payroll processing, benefits administration, HR support, compliance management, and workers' compensation coverage. Revenue is generated through service fees based on employee count and the scope of services required.
- Benefits Management Services: Nextep manages large-group benefits including medical, dental, and vision plans, leveraging their master medical plan to provide cost-effective coverage. This includes strategic benefits consultations and access to exclusive insurance products through partners.
- Payroll Processing: Full-service payroll processing for hourly and salaried employees with guaranteed on-time delivery. Includes tax withholding, direct deposit, and comprehensive payroll reporting.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Nextep product offering
Product offeringCore offering
Nextep operates as a Professional Employer Organization (PEO), entering co-employment relationships with small and mid-market businesses to deliver payroll processing, benefits administration, HR consulting, risk and compliance support, time and attendance, and workers' compensation coverage. Its all-in-one cloud-based platform and Elevate by Nextep mobile app allow clients and their employees to access paystubs, benefits, time tracking, and HR services across any device. The combined service-and-technology bundle is sold through dedicated local service teams at 20 U.S. offices.
Product overview
Nextep is a tech-forward Professional Employer Organization (PEO) offering an integrated suite of HR solutions. The core offering centers on the Elevate by Nextep™ mobile app combined with comprehensive PEO services including payroll processing, benefits administration, HR support, and compliance management. The platform serves the complete employee lifecycle from recruitment through separation, providing businesses with end-to-end HR capabilities through a unified technology experience accessible on any device.
Differentiator
Problem solved
Functional benefit
Brands
- Elevate by Nextep™: Mobile employment app that allows employees to handle employment-related tasks in one place, including paystubs, benefits, time tracking, and HR support.
Products and services
- PEO (Professional Employer Organization) Services Full-service co-employment HR solution providing small and mid-market businesses access to payroll processing, benefits administration, compliance support, and HR expertise under a single bundled relationship.
- HR Services Comprehensive human resources support including workplace policy creation, talent acquisition guidance, and ongoing HR consulting for employers across the employee lifecycle.
- Benefits Management Management and administration of large-group employee benefits including medical, dental, and vision insurance plans, leveraging Nextep's master medical plan to provide cost-effective coverage to smaller employers.
- Payroll Services Full-service payroll processing for hourly and salaried employees with guaranteed on-time delivery, including tax withholding, direct deposit, real-time payment verification, and comprehensive payroll reporting.
- Risk and Compliance Compliance monitoring and risk management services helping companies stay current with federal and state employment laws and regulations to avoid penalties, fines, and lawsuits, supported by Nextep's CPEO, ESAC, and SOC 1 Type 2 credentials.
- Elevate by Nextep Mobile App Mobile employment app for employees of Nextep client companies that consolidates paystub access, benefits information, time and attendance tracking, employee records, and HR support into one app available on iOS and Android.
Quantifiable outcome
- Net Promoter Score is 56% higher than industry average
- +1 more outcomes
Companies that use Nextep
Customer profileSegments2 records
Ideal customer profiles2 records
Nextep technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Nextep partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- NayyacoreNayya and Nextep announced a partnership to enhance employee benefits management for Nextep's clients starting in 2026. The collaboration aims to provide personalized, data-driven benefits guidance to employees and streamline HR administrative tasks. Nayya's technology platform integrates with Nextep's services to help employees make smarter benefits choices and use their plans more effectively to support health and financial wellbeing.
- CoverWallet (Aon)coreNextep partnered with CoverWallet, powered by Aon, to bring exclusive access to comprehensive commercial insurance for Nextep clients. CoverWallet is a digital broker that makes it simple and fast to acquire and manage insurance coverage. Through this partnership, clients can receive quotes in minutes, access dedicated agents, generate certificates of insurance, and monitor coverage 24/7 from a digital wallet. Exclusive rates and discounts are available to Nextep clients.
- UHY LLPminorNextep worked with UHY LLP, a third-party CPA firm, to complete the SOC 1 Type 2 certification audit. UHY provided independent verification of Nextep's controls over financial reporting.
Scale indicators4 records
Recent moves8 records
Expansion highlights6 records
Nextep competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Nextep social profiles
Digital presenceNextep compliance and trust
Trust signalCompliance3 records
Nextep financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nextep leadership team
Management profileNumber of profiles
Profiles5 records
Nextep funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nextep M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nextep
What does Nextep do?
Nextep operates as a Professional Employer Organization (PEO), entering co-employment relationships with small and mid-market businesses to deliver payroll processing, benefits administration, HR consulting, risk and compliance support, time and attendance, and workers' compensation coverage. Its all-in-one cloud-based platform and Elevate by Nextep mobile app allow clients and their employees to access paystubs, benefits, time tracking, and HR services across any device. The combined service-and-technology bundle is sold through dedicated local service teams at 20 U.S. offices.
Is Nextep a public or private company?
Nextep is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Nextep founded?
Nextep was founded in 2019. It employs 101 to 250 people.
Where is Nextep based?
Nextep is headquartered in Norman, United States, in the North America region.
How does Nextep make money?
Three revenue lines are on record. PEO Services (Co-Employment) is the primary driver. The others are benefits Management Services and payroll Processing.
Does Nextep have an API?
No public API is recorded for Nextep.
What industry is Nextep in?
Nextep's product category is Professional Employer Organization (PEO) Services. Its primary akta.pro industry code is BPACAHAB, Professional Employer Organization (PEO) / Co-Employment Services, with a secondary code of BPACAHAL, Onboarding, Offboarding & Employee Lifecycle Administration. Its NAICS code is 561330 and its SIC code is 7361.