Employee Leasing Services Flourish As Entrepreneurs Boosted See Bottom Line

In just 20 years, leasing employees, aka PEO (Professional Employer Organization) industry continues its successful steam rolling over a heavy growth of almost 30% per year. About 2.5 million Americans are currently co-workers in one of over 400 staff leasing companies operating in 50 states.

The reason for this trend to outsource is frustrating for the "business of employment" tasks, such as recruitment, human resource management training, compensation, benefits and regulatory compliance. Between 1980 and 2000, the number of labor laws and regulations has increased by almost two-thirds, according to the Federal Small Business Administration. This same study, the owners of small and medium enterprises up to one quarter of their working time spent on employment documents.

Leasing company employees to take a lot of this heavy responsibility, and helps companies comply with all applicable regulations. The employer can then focus on revenue-generating areas of the business, in which he / she is an expert.

Another advantage of using an employee leasing company is their ability to organize the workers' compensation coverage of a company "with the major insurance companies and claims management. They also provide human resources services provided by certified professionals. Most services such as customized employee handbooks, recruiting, pre-employment, wage and compensation planning, and assistance with job descriptions.

Leasing companies used to help tens of thousands of companies offers benefits such as health care plans, 401 (k) savings accounts and other tax-free benefits to their employees. Sponsored Benefit Programs can contain large selection and complementary health care, including vision care and dental, employee assistance programs and even adoption assistance. It is estimated that 95 percent of workers in a lease agreement employee has access to a pension plan.

Nearly every business can find value in a PEO relationship, customers ranging from accounting firms and manufacturers of construction and government agencies. The average customer is a small company with an average of 19 employees, but some customers are less than three employees. Increasingly, large companies also fall.

An employee leasing company allows each client company to reduce occupancy costs and increase their business performance. The customer can maintain a simple house HR infrastructure or none at all by relying on employee leasing company. Their professionals can provide critical care to respect the employer, which protects client's case. In fact, leasing companies have employed 88 percent of the high rate of customer retention customer satisfaction.