What Are Your Employee Leasing Or PEO Goals?

What Are Your Employee Leasing Or PEO Goals?
By Mike Burgelin

If you have decided that an employee leasing/PEO service is a smart choice for your business, the next step is determine what specific goals you want to achieve. With so many companies to choose from that specialize in specific industries, markets and states- which one will be the best choice for you?

For example, a contractor that needs to keep workers' compensation costs to minimum has a totally different objective than a physician's office in the need of a strong benefits package.

This is where the search can be difficult. Many employee leasing companies these days don't even offer benefits. Their niche may be strictly in the construction and trades industry with an offering of competitive workers' compensation rates and payroll.

You'll also find what I would call "hybrid" employee leasing companies that target blue and gray collared employers with limited benefit packages so they can say they offer all the "bells and whistles" too.

The final category would be PEOs that really target the white and grays with strong benefit and human resource services. These employee leasing companies will also provide more "extras" like pay cards, special reports and employee assistance programs.

Within those basic tiers of employee leasing companies there are still many factors that separate each. Many in each category, for example, have workers' compensation policies that only cover the employees in the state they operate from. Some may cover the state of their home office and a few surrounding states, with others offering nationwide coverage.

Health insurance and benefits need to be carefully selected, as well. Great Blue Cross and Blue Shield rates aren't worth much if you happen to be in an area where the doctor and hospital coverage is limited. A cut-rate plan that requires your employees to drive an hour to see the doctor ends up being more of a nuisance than a benefit.

As you can imagine the overall costs and fees will vary per group. The goal is to really drill down to your business needs and work from there. If you need help or just have questions, call us. Our information is free and helpful.

Employee Leasing Quotes.com was created to help businesses choose an employee leasing company that fits their unique needs. Please call if you're interested in seeing what advantages an Employee Leasing company could do for your business. We can be reached by calling 1-888-582-8388 between the hours of 8:30-5:30 EST.

Mike Burgelin

Article Source: http://EzineArticles.com/?expert=Mike_Burgelin
What Are Your Employee Leasing Or PEO Goals?

Employee Leasing For Small Business

Employee Leasing For Small Business
By Alexander Gordon

While running a small business, often the entrepreneur is confronted with the issue of managing limited resources to generate the desired outcome, in terms of both quantity and quality.

The dire need to expand, while at the same time cope with expenses, eventually becomes a difficult task for even the most talented. Increasing initial expenses and diverse market requisitions impose a sustainability issue on the small-scale thriving businesses.

The need of the hour is to look out for ways to cut costs and plan the expense structure, to keep the fixed cost at the minimal levels. The market requirements are unpredictable and in such situations, it makes no sense to deploy dedicated resources for the output.

Employee Leasing:
Therefore, to cater to immediate demand and at the same time save on the long-term obligation, employers are looking forward to employee leasing as a solution. Employee leasing refers to hiring out employees for the specific purpose sought.

As implied the leasing contract outlays the exact job description and the duration of employment along with payment terms. Employee leasing serves as a valuable option, especially if specialized resources are required for a small duration.

Employee leasing has been gaining a lot of positive review over a recent period. This working culture not only renders the regular employer benefits but also saves time in employee training; associated administrative hassles and the ease to expand with limited resources in the short run.

However, the other side to this interesting proposition is the corresponding risk factor. Many employers feel that these temporary employees could affect the overall culture and might impose risk by being a potential threat to the important insider information.

The solution is to specify the access permitted to the contractual employees while working with the firm which would not only segregate the important information and but would also maintain focus on the key task allotted.

Moreover, various professional firms providing such temporary work force are willing to enter into legally enforceable contracts regarding the organization’s information confidentiality, thus curbing the scope of information mismanagement.

Leasing and Outsourcing:
A common misperception among various recruiters and employers is their perceived similarity between leasing and outsourcing. Many tend to think that they are implicitly the same concepts. However, it must be noted that there is a thin line of difference between the two notions.

Outsourcing implies to getting the job done from a third party at their workstation or on your premises, while leasing refers to hiring employees or professionals for a defined time duration.

For this defined duration, these workers act as the company’s employee and fulfill the outlined job requirements as directed. The then appointed contractual employees have direct employee rights and share the company’s success and failures as other regular employees.

Leasing employees is a viable solution, is in perfect consonance with the assorted needs, and therefore must be accepted with ease to survive the stiff competition.

Article Source: http://EzineArticles.com/?expert=Alexander_Gordon

Employee Leasing For Small Business

Employee Leasing Vs Staffing Services - What's The Difference?

Employee Leasing Vs Staffing Services - What's The Difference?
By Mike Burgelin

Over the years I've dealt with many business owners who confuse Employee Leasing (a.k.a. PEO services) with staffing or temporary labor companies. In many cases those same business owners have had experience with one or the other services, but really aren't familiar with the differences. So what are they, and how do each benefit employers?

To begin with, an Employee Leasing company's main benefit to an employer is to relieve the non-profit producing tasks of dealing with employee administrative hassles- such as payroll, employee benefits, human resources and workers' compensation.

By outsourcing these to an Employee Leasing company, the employer can focus on what they do best and grow their bottom line.

Throughout the years, business owners have faced increasingly escalated government rules regarding employment. Employee Leasing companies assume many of these responsibilities and provide expertise in human resource management.

An Employee Leasing company is typically the most cost-effective option for an employer when the business owner has five or more full-time employees. Costs related to workers' compensation, unemployment tax and payroll administration are much less in comparison to a staffing or short-term employment arrangement.

As you can imagine the more employees as a business has, the more time has to be devoted to employee issues- therefore the value of outsourcing this work becomes a more profitable decision.

A business can benefit by using a staffing or temporary help service in variety of ways, as well. The obvious advantage is the ability to access short-term help immediately.

Whether it is a construction project with a timeline that requires temporary labor, or a secretary who takes a leave of absence for an extended period of time; accessing pre-qualified help at a moment's notice is when these services can be an employer's best friend.

The administrative costs such as payroll, unemployment taxes and workers' compensation are handled by the staffing company. The employer also relieves themselves of any benefit requirements like health care, vacation, sick or holiday pay.

But, there is a premium to pay for these short-term employment services. The overall employee-related costs will be much higher including fees that are added for using staffing companies. The added risks and administrative costs for the services they're providing is exactly why staffing companies are to be used as a temporary solution.

Just as convenience and grocery stores fill a specific need, the services that Employee Leasing and staffing companies provide (although different) are an invaluable resource for businesses.

Article Source: http://EzineArticles.com/?expert=Mike_Burgelin

Employee Leasing Vs Staffing Services - What's The Difference?

Employee Leasing Services Provide Business Bailout

Employee Leasing Services Provide Business Bailout
By Mike Burgelin

If you're one of the thousands of business owners out there waiting for our elected leaders to offer you some help during the current economic crisis - keep dreaming! The fact is, those of us who keep driving forward, never even considering anything less than survival on our own will weather this cloud. We always do.

But I know you're looking at every way to work smarter, cut costs where you can and run a tight operation. If you haven't heard of employee leasing, also known as PEO services, here's your business rescue plan.

An employee leasing company handles all of the annoying headaches related to payroll management, workers' compensation, employee benefits and keeps you in compliance with all our on-going, never-ending governmental regulations. Now, before I get into the real "meat" of the benefits and services, realize not one of those tasks brings in a single dime of profit to your business.

So let's look at the benefits of these services for your business. A PEO will deliver on time and accurate payroll checks and reports. They'll deduct and electronically remit all of your payroll taxes.

File the quarterly tax reports and issue year-end W-2s. Remit child support payments and other payroll garnishments. Even deal with unemployment claims and appeals. Okay, what else- you ask?

Well, imagine if companies actually competed for your Workers' Compensation Insurance- instead of the state, an agent or some crazy formula controlling your costs?

An employee leasing company can provide you huge savings on your workers' compensation insurance (typically 15-40%) that traditional insurance carriers can't. You won't be paying any large up-front deposits that can run thousands of dollars. You're actually on a pay-as-you use plan, which means you'll never deal with the frustrations of another audit again! And employee benefits?

How about access to the same employee benefits of Fortune 500 companies? PEO services include group major medical and other health plans, dental and vision plans, 401(k) retirement plans, even life insurance coverage.

Many employers have seen their group health insurance premiums drop by as much as 30%!
Plus, you'll have help on compliance issues, such as EEOC/ADA/DOL/FMLA and all the other acronyms we have the time to keep up with. And in today's litigious environment, you can't just hire and fire someone without the worries of being sued, so you'll get help with that, too.

So what will you save? Well, it depends on your current situation but there's no doubt you'll save time and money when you outsource the time-wasters and experience the freedom to work on ideas that really matter - like growing your bottom line.

Article Source: http://EzineArticles.com/?expert=Mike_Burgelin

Employee Leasing Services Provide Business Bailout

The Advantages of Employee Leasing

The Advantages of Employee Leasing
By Ryan Coisson

Is your business getting bigger and in need of more staff, yet you don't want to deal with salaries or payroll? Your business is only able to grow as fast as the internal organization can process higher volumes of sales.

More sales, result in increased employee demand. Hence, your business adjusts your internal organization over and over again. It's a never-ending story.

Employee leasing is a program that can help in this regard, as well as heighten employee retention. Having high paid accountants or managers in your company requires more salary.

Thus, companies search for a way to minimize their administrative cost. Employee leasing is helpful in maintaining the balance of having manpower and high volume of sales and profit. It benefits both the company and the employees. It's a win-win situation.

Employee leasing is about hiring an organization to send you an employee qualified for the job your company needs. Therefore, you can sit and think of other things that can maximize your profit. That organization is referred to as PEO or professional employment organization.

This is one less job for you. The company can help with the hiring procedures, but technically, anyone hired through a PEO is an employee of the PEO and not the company thus, more profitable if you actually do the hiring. The better the employee, the better the better the production of your company will be. This makes the use of employee leasing critical.

The management of employees can also be very complex and requires outsourced services as well. Knoxville employee leasing lets the PEO Company do the administrative work so you can free up office space and insurance cost of employees.

This leads to less paperwork for the company owner and employees to do. Workman's compensation claims and all related paper works are taken care of on your behalf.

Article Source: http://EzineArticles.com/?expert=Ryan_Coisson

The Advantages of Employee Leasing