A Quick Look at Staff Leasing as a Business Solution
Jan 18, 2015
A Quick Look at Staff
Leasing as a Business
Solution
Over the years since it was first
offered as a business solution, the
concept of staff leasing has gradually
increased in popularity.
The practice basically involves a
business that pays another company
to provide them with a team of
employees.
The leasing agency is known as a
Professional Employer Organization
(PEO) and is responsible for scouting and
hiring the personnel their clients need.
Who uses staff leasing?
In most cases, business owners who
need to focus on product
development and other core aspects
of the business are the ones who
consider leasing as a solution.
It gives them the focus that they
need without necessarily sacrificing
the other aspects of the business,
which may constitute its core, but
are still necessary to ensure smooth
business operations.
In staff leasing,
for whom do the employees
work?
The official employer of leased staff
is the staffing agency.
It is the PEO that does the scouting,
screening, and hiring of employees.
They are also the ones responsible
for payroll, taxes, bonuses, and
benefits.
In terms of the actual work, however,
it is the client that has control over
the leased employees.
They dictate what specific tasks to
assign the leased team and what
results they should deliver.
The client and the staffing agency
therefore have a co-employment
relationship of sorts.
What’s so great
about
staff leasing?
One of the things small businesses
appreciate about this solution is that
it allows them to save up to 70% of
operational and staffing costs.
Businesses get the biggest savings
when they choose to hire an offshore
PEO based in a country where the
cost of living is relatively low.
This is why many businesses choose
to lease staff from a Philippine-based
PEO.
Another advantage offered by this
setup is that Filipino workers are
known to be committed,
hardworking, and skilled.
They also have a good grasp of the
English language, which makes it a
lot easier to maintain an open line of
communication.
Staff leasing is a business solution
that’s growing in popularity. It’s wise
to learn as much as you can about
this potentially beneficial option.
If you feel that this is indeed a viable
option for you, the next step, of
course, would be to find the right
PEO.
Visit
www.squarefishinc.com
i nqu i re@squarefi sh inc . com
Or call us: +1-702-501-8277