What is Employee Leasing?
When you decided to go into business for yourself, you probably imagined being successful doing what you love, not handling payroll, benefits, HR issues, and risk management. Many business owners who prefer not to handle these things are turning to employee leasing companies. Why? Because employee leasing companies take these responsibilities off a business owner’s plate so the business owner can focus on being successful. In a nutshell, employee leasing solutions can help you keep your business competitive and profitable.
Today’s Employee Leasing Companies Are Better Than Ever
Many business owners believe that employee leasing is simply outsourcing your HR department or payroll department. However, most small- or medium-sized businesses probably don’t have the luxury of “departments” to handle these functions. That’s why so many of these companies turn to employee leasing.
Today’s employee leasing companies are different from employee leasing companies of the past because they offer a wider variety of employee leasing services to clients, and the services offered are more in-depth. They are able to do this because of the co-employment relationship that exists. Through this relationship, employee leasing companies can better help small- and medium-sized businesses provide affordable benefits, attract and retain the most talented employees, and have access to enhanced technology they could not get from employee leasing companies in the past, including:
- A broad range of health and other insurance benefits
- Enhanced payroll services including web-based employee self service
- Complete risk management support and training
- Unemployment claims management
- Employee training and development
- Employee discount programs
- And much, much more
Is Employee Leasing Right for You?
Employee leasing is a very popular choice for owners of small- and medium-sized businesses who want to focus on the business, not the administrative burdens behind it. If you think employee leasing might be right for your business, request a consultation today!