The TRUTH about Employee Leasing (PEO) Services!

[MikeBurgelin]

Employee Leasing services offer a co-employer relationship with a business owner to share certain responsibilities. The employer continues to handle the day-to-day activities of the employees, while the Leasing Company manages the time-consuming and complex issues of Workers’ Compensation, employee benefits, HR, and payroll. In other words, you do exactly what you got into business to do, and outsource the garbage work (that’s still just as critical)-to someone else!

Over the past decade the Employee Leasing industry has been growing at a rate of over 30% a year- and according to the U.S. Dept. of Labor by the year 2020, more than half of all American employees will be employed by Employee Leasing Companies!

Employee Leasing services have dramatically increased the number of subcontractors. More competition has helped keep building costs down, and makes new construction an attractive opportunity for buyers. Obviously, interest rates and other factors play a part in the process, but as you read on and look at the benefits and success of Employee Leasing, the link from one industry to the other has had a positive effect for many.

Contractors specifically have been flocking to Employee Leasing Companies for 3 main reasons:
• Workers’ Compensation costs- The insurance industry makes it virtually impossible for a small start-up to mid-sized contractor to obtain Workers’ Compensation coverage- even though it’s required by law in every state (except Texas)! Employee Leasing Companies provide coverage for the smallest of businesses, with very little or no up-front fees and deposits.
• Benefits- Smaller businesses also need access to more affordable, comprehensive employee benefits to compete for talented employees. Employee Leasing Companies allow access to an array of benefits that may otherwise be difficult to obtain.
• Less Paperwork and Liability- With over 50 employment-related governmental regulations, small and mid-sized businesses need help. The majority of businesses don’t have comptrollers, controllers, lawyers, and accountants on staff! Employee Leasing Companies reduce the time and cost process substantially by handling hundreds of payrolls for companies and buying Workers’ Compensation for thousands of employees!
Did You Know? The average small business owner spends up to 25% of his or her time handling employee-related paperwork (U.S. Business Administration) and 1 out of every 3 businesses pay fines and penalties on payroll taxes (I.R.S)!

Employee Leasing services have given employees the opportunity to become employers and be competitive right away by providing affordable, comprehensive solutions to managing a business. When a business owner can handle payroll, Workers’ Compensation and benefit issues on a cell phone at the job site in just minutes per week, you can see why Employee Leasing services are growing so fast!

For more information about Employee Leasing services and free contractor information, visit employeeleasingquotes.com, or call1-888-582-8388.