Employee Leasing Services - How Does it Work?
Have you heard about employee leasing/ PEO services but are not sure exactly what they are? Do you think these services mean working for a temporary or staffing agency? I speak with many business owners who have heard that PEO services can help them save time and money, but it's not always an easy concept to understand.
So what is an employee leasing company, and how can it help your business? Employee leasing companies partner with business owners to share employer responsibilities and liabilities.
The company functions as the administrative arm of your business by providing services such as payroll and benefits management, workers' compensation insurance, claims administration and human resources.
Still not sure what that all means? Here are two of the questions that I am commonly asked about PEO services and the answers that I give my clients: What is an employee leasing proposal based on? A proposal is based on the five employee-related cost factors you currently have to manage- regardless of the method used.
FICA - Your matching Social Security and Medicare FUTA - Federal Unemployment Tax SUTA - State Unemployment Tax W/C - Workers' Compensation rates for different risks (ex: painting, sales, clerical) involved with your company Administration - All of the internal employee personnel work involved in running your business.
These services include payroll management, workers' compensation or risk management, government compliance, human resource and benefit administration.
What is biggest benefit I'll experience from employee leasing services? Simple- it allows you to concentrate on work that affects your bottom line.
The Small Business Administration (SBA) estimates that employers spend up to 40% of their time dealing with non-income producing administrative tasks.
Consider what you could accomplish if all of your time, energy and focus evolved around ways to create more profits? When you're ready to explore the benefits a employee leasing/ PEO service can provide for your business, give us a call.
Employee Leasing Quotes.
com works with a network of leasing providers.
Finding the one that will benefit your business the most is how we save our clients time and money.
Contact us at 1-888-582-8388.
So what is an employee leasing company, and how can it help your business? Employee leasing companies partner with business owners to share employer responsibilities and liabilities.
The company functions as the administrative arm of your business by providing services such as payroll and benefits management, workers' compensation insurance, claims administration and human resources.
Still not sure what that all means? Here are two of the questions that I am commonly asked about PEO services and the answers that I give my clients: What is an employee leasing proposal based on? A proposal is based on the five employee-related cost factors you currently have to manage- regardless of the method used.
FICA - Your matching Social Security and Medicare FUTA - Federal Unemployment Tax SUTA - State Unemployment Tax W/C - Workers' Compensation rates for different risks (ex: painting, sales, clerical) involved with your company Administration - All of the internal employee personnel work involved in running your business.
These services include payroll management, workers' compensation or risk management, government compliance, human resource and benefit administration.
What is biggest benefit I'll experience from employee leasing services? Simple- it allows you to concentrate on work that affects your bottom line.
The Small Business Administration (SBA) estimates that employers spend up to 40% of their time dealing with non-income producing administrative tasks.
Consider what you could accomplish if all of your time, energy and focus evolved around ways to create more profits? When you're ready to explore the benefits a employee leasing/ PEO service can provide for your business, give us a call.
Employee Leasing Quotes.
com works with a network of leasing providers.
Finding the one that will benefit your business the most is how we save our clients time and money.
Contact us at 1-888-582-8388.
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