The rising competition in the market calls for radical solutions for businesses that are looking for either survival or consistent growth. Employing an employee leasing/PEO company to take care of your organization’s HR responsibilities is a smart plan for success, one that starts giving instant results. Nominak HR
The biggest gains are in costs, time and resources. Secondly, your company exercises a stronger buying power in the job market on account of the attractive benefits package offered by the employee leasing firm you have hired. It also increases your chances of retaining the skilled professionals who work for you, thanks to constant motivation and other performance enhancing schemes offered by the employee leasing/PEO firm.
Employee leasing is a process by which employees are leased from a professional employer organization (PEO). In effect they belong to the PEO firm or the PEO shares the employer responsibilities with the client through a co-employment agreement. The client company only needs to employ them at the workplace and hand over their tasks. Managing them, administering their benefits, handing out their paychecks, motivating them, offering workers’ compensation plans, are all the responsibilities of the employee leasing firm.
With their responsibilities towards employees taken care of by the PEO, employers of the client companies can focus on their business objectives and divert all their resources, including their workforce, towards enhancing the performance of their business. With the employee leasing/PEO services ensuring their client companies comply with all federal and state regulations, employers needn’t worry about any legal issues. It’s a clear path to success with a PEO by your side.