When you use an Employee Leasing Company you are essentially outsourcing employment related administrative tasks and duties to a PEO or Professional Employer Organization. A PEO forms a co-employer relationship with a business and takes over the responsibilities of payroll processing, workers’ comp insurance, benefit administration, and various other human resources related services. The business owner retains full control over the company’s daily operations and continues to make all hiring and firing decisions.
Why Use an Employee Leasing Company?
Once you begin hiring employees, they become your most valuable business asset. You want to retain your talent, while staying in compliance with ever-changing labor laws and federal regulations. An Employee Leasing company can clear your desk of employee related administrative work, so that you have the ability to focus on your core business functions. An employee leasing company gives you back the time you need to grow and develop your business.
However, even large businesses choose to use an employee leasing company. The more employees they hire, the more issues they may run into. They may find it invaluable to have a partner for tedious employee onboarding, troubleshooting, and benefit administration. Businesses of all sizes can benefit from the way a PEO helps them streamline their processes.
Once you partner with an employee leasing company, your biggest question may be what to do with all your extra time! You can use it being out on the worksite, networking, spending time with loved ones, or even taking a much-needed vacation. Making this change may be just what you need to attain the proper work-life balance that is almost impossible when you’re juggling every aspect of your business on your own.
At Alpha Business Solutions, we analyze your specific business needs to match you with the Employee Leasing Company that is right for you. Contact us today for a free quote!