Employee leasing

• Rely on the experts to handle payroll, benefits, and more. As you have certainly discovered by now, the choices made by your human resources department impact your bottom line, just like your other business decisions. The experts at an employee leasing company can save you money by choosing benefits plans which provide more value for the price and hiring recruits that are able to deliver more value to the company from within.
• Save time and money on legal matters. Unless your business is law, you are probably not a legal expert, and even if you are, your area of expertise may not be employment law. PEOs have staff members who are trained specifically in this arena and can save you money on legal disputes by preventing costly mistakes and addressing issues when they do arise. Reducing your risk and liability is always beneficial, just make sure you have a clear understanding of the risks and liabilities you are still responsible for.
• Free up your time and resume your normal job duties and focus on core competency. If you or your employees are currently tasked with handling HR responsibilities while still juggling other job duties, you can free up time by handing over the HR tasks to an employee leasing service. This lets you get back to the core of your business where you and your other staff members are most productive and talented.

Employee leasing may be a good choice for businesses that are trying to reduce costs and focus more on growth. Utilizing an employee leasing company allows businesses to focus on current staff, therefore improving many aspects of the organization. Here are a few key benefits that hiring such a company will bring to your business:

• More time and resources for your business – Employee leasing will take over the responsibility of managing your staff, allowing you to focus on other aspects of your business, such as acquiring new clients, developing new products, or coming up with new marketing strategies and ideas. Employee leasing also gives you peace of mind when it comes to employment policy and procedure problems.
• Save on employee benefits and taxes – When an employee leasing company handles your employees, you are only required to pay a fixed monthly salary for every staff member. You can add some performance incentives to motivate the staff, but it is the duty of the leasing company to provide the employees with health insurance, paid or sick leave, and other benefits that a business who doesn't use the services of an employee leasing company should provide.
• Reduced Risks – Employee leasing companies help you reduce your business's risks and liability by assisting the employees through training, providing progress reports and work-related information regarding the staff. Most employee leasing companies are specialized in a certain domain, such as accounting or graphic design, so you are guaranteed that the people you hire are experts in their field.

While the payment that you make to the employee leasing company will be larger than the salary that you would otherwise pay to the transferred employee, the difference is easily offset by the savings that you are making by not having to pay employee benefits and taxes. You also save money by using the time that you would normally spend on accounting and payroll management on other, more important, aspects of your business.