Leverage the Human Capital of Fortune 500 Companies With Staff Leasing
By leveraging the talent, technology, and processes of a Fortune 500 company, Staff Leasing allows clients to leverage the human capital of their own companies. And, because we assume many employee-related liabilities, you can benefit from the same benefits as your Fortune 500 peers. Read on to learn more. Here are some of the common reasons clients choose Staff Leasing. Let us know your thoughts in the comments below. We look forward to hearing from you.
Employer’s Lease
Employer’s lease for staff is a type of co-employment arrangement where a business leases out the work of hiring its employees to a third party. This service is usually provided by a PEO that manages many aspects of the employment relationship, such as payroll, insurance, and tax obligations. A PEO can handle many of these aspects, while leaving the business with very little administrative overhead. But there are downsides to employee leasing.
Employee leasing is a common practice for companies who need temporary staff. By leasing out a piece of staff to a third party, a business can have employees at their disposal for a specific amount of time, such as while a project is underway. This type of arrangement can save a business money in the long run because the leasing agency pays Social Security tax on the employees. Whether you choose to use employee leasing or co-employment, make sure you fully understand the implications of both options.
Co-employment
When it comes to staff leasing, co-employment is a common misconception. This term is often confused with joint employment, which is a different type of employment arrangement. In fact, a co-employment arrangement involves two employers that share responsibility for the worksite, each contributing to a worker’s wage and supervision. In contrast, employee leasing involves an organization providing temporary workers to perform a particular project. These workers are employed by the staffing firm and return to it once the project is complete.
The benefits of co-employment are many. It helps you reduce the risk associated with hiring staff, eases administrative burdens, and attracts top talent. Another major advantage of co-employment is that you can manage the working relationship with your employee. The other benefit of co-employment is that you get to maintain control over the employee’s day-to-day tasks and job functions. It is also a more flexible option, allowing you to set your own schedule.
Offshore employees
Hiring offshore employees is not the best option for every company, but it does offer the most cost-effective solution. This method gives you better control of your offshore team because you hire only those employees you are comfortable working with and who share your company’s values. There are some communication issues, but modern technology has made these problems obsolete. If you need to quickly expand your workforce and have a tight budget, offshore staffing may be the best option.
Offshore staff leasing gives you the opportunity to hire remote workers who are experienced and specialized in the task at hand without having to invest a significant amount of money in training and development. Your onsite team can focus on more important business operations, such as expanding your company’s profitability. In addition, you won’t have to spend valuable resources on infrastructure, insurance, and training. Your offshore team can access common areas and amenities, allowing you to focus on your core competencies. In addition, you won’t have to worry about hiring, training, and management processes if they’re already well-trained and experienced.
