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