Employee Leasing
(def.) Outsourcing the administrative burdens of workers comp, payroll, employee benefits and business insurance, often reducing or eliminating cost and tax reporting.Payroll Consultant's relationship with several employee
leasing
companies allows you to outsource the
management and maintenance of workers comp, payroll, human resources,
and employee benefits. This allows you to focus on your business
and grow your bottom line while we take care of the rest.
Businesses today need help managing increasingly complex employee
related matters such as health benefits, workers' compensation,
payroll, payroll tax compliance, and unemployment insurance claims. PCG
contracts them with an employee leasing company who assumes these responsibilities and provides
expertise in human resources management. This allows you to
concentrate solely on the operational and revenue-producing side of your
business.
Companies all over the United States are using employee leasing for all
their human resource needs because it provides:
- Relief from the burden of employment administration.
- Assistance to improve productivity and profitability
- Improved employment practices, compliance and risk management to reduce liabilities.
- Access to a comprehensive employee benefits package, allowing clients to be competitive in the labor market.
- A wide range of personnel management solutions through a team of professionals.
Benefits of Employee Leasing
For your business, employee leasing:
- Provides experienced professionals in HR, benefits, payroll and risk management.
- Assumes certain employment related liabilities.
- Delivers professional assistance with compliance (payroll, OSHA, EEOC).
- Provides secure Internet access to payroll, benefits and personnel data.
- Provides access to professional HR guidance and materials.
- Manages claims.
- Supplies clear, easy-to-read and professionally written employee handbooks, policies, procedures and practices.
- Improves cost control.
- Delivers access to better benefits.
- Reduces turnover.
- Provides quality benefits and recruiting assistance to attract and retain the best employees.
- Provides you more time to focus on your bottom line.
- Gives you the opportunity to grow your business faster.
For your employees, a PEO:
- Provides access to comprehensive benefits often previously unavailable - 401(k), Section 125 plan, comprehensive insurance benefits, Flexible Spending Plan.
- Delivers on-time and accurate payroll.
- Provides professional assistance with employment-related issues.
- Supplies easy-to-read employee handbooks, policies, procedures and practices.
- Enables more employees to receive statutory protection.
- Improves communication among and between employees.
- Offers up-to-date information on labor regulations, workers' rights and worksite safety.
- Processes claims efficiently and responsively.
- Enables employees who move from one PEO client to another to avoid loss of eligibility for benefits.
- Provides improved access to payroll information, benefits, personnel data, vacation and sick time accrual, and specialized reports.
- May offer credit union membership and banking privileges.
- Frequently offers exclusive employee discounts and rates on travel, entertainment and services.
For government, a PEO:
- Consolidates several companies' employment tax filings into one.
- Provides more professional preparation and reporting.
- Accelerates collection of taxes.
- Extends access to medical benefits to more workers.
- Provides access to 401(k) retirement savings opportunities to more employees.
- Improves the communication of government requirements and changes to small businesses and their employees.
- Reduces litigation by resolving many problems before they reach court.
- Allows government agencies to reach businesses through a single-employer entity.