Employee
Leasing Services
Employee
leasing services provide integrated help to
handle human resource responsibilities and
employer risks for clients. A PEO delivers
these employee leasing services by establishing
and maintaining an employer relationship with
the employees at the client's worksite.
Employee leasing services vary depending on
the company, so research is important before
signing up with a PEO. A PEO will offer payroll,
human resources,
and health
benefits as some of their employee leasing
services.
Some
highlights for using employee leasing services
are:
•
It saves money: You can get a better rate
on workers'
compensation through a PEO because the
policies they offer and their knowledge about
them. PEOs tend to handle claims quickly and
know how to root out fake claims that can
end up costing you. Just the savings from
risk management alone can offset the administration
fees to the Professional Employer Organization
in most cases.
•
Business Focus: As a business owner, you want
to focus your time and energy on the business
you do and not on the administration. Hiring
a professional employer organization allows
you to concentrate on your business.
•
HR Expertise: Most small business owners don't
have the necessary training in HR, payroll,
accounting, regulatory compliance, risk management,
insurance and employee benefit programs or
the budget to higher experts in these areas.
One of the greatest benefits you receive with
employee leasing services is an expert in
all these areas.
•
Legal Advice: When you have a tough legal
question, you can turn to your PEO for fast,
accurate answers. A PEO can help with direction
for terminations and hiring, as well as any
obligations to comply with employment and
workplace laws and regulations that seem to
change so often.
•
Red tape killer: Background checks, drug tests
and other hiring services are usually done
through the PEO, which saves your business
time, costs, and hassles.
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