a quick look at staff leasing as a business solution

A Quick Look at Staff

Leasing as a Business

Solution

Over the years since it was first

offered as a business solution, the

concept of staff leasing has gradually

increased in popularity.

The practice basically involves a

business that pays another company

to provide them with a team of

employees.

The leasing agency is known as a

Professional Employer Organization

(PEO) and is responsible for scouting and

hiring the personnel their clients need.

Who uses staff leasing?

In most cases, business owners who

need to focus on product

development and other core aspects

of the business are the ones who

consider leasing as a solution.

It gives them the focus that they

need without necessarily sacrificing

the other aspects of the business,

which may constitute its core, but

are still necessary to ensure smooth

business operations.

In staff leasing,

for whom do the employees

work?

The official employer of leased staff

is the staffing agency.

It is the PEO that does the scouting,

screening, and hiring of employees.

They are also the ones responsible

for payroll, taxes, bonuses, and

benefits.

In terms of the actual work, however,

it is the client that has control over

the leased employees.

They dictate what specific tasks to

assign the leased team and what

results they should deliver.

The client and the staffing agency

therefore have a co-employment

relationship of sorts.

What’s so great

about

staff leasing?

One of the things small businesses

appreciate about this solution is that

it allows them to save up to 70% of

operational and staffing costs.

Businesses get the biggest savings

when they choose to hire an offshore

PEO based in a country where the

cost of living is relatively low.

This is why many businesses choose

to lease staff from a Philippine-based

PEO.

Another advantage offered by this

setup is that Filipino workers are

known to be committed,

hardworking, and skilled.

They also have a good grasp of the

English language, which makes it a

lot easier to maintain an open line of

communication.

Staff leasing is a business solution

that’s growing in popularity. It’s wise

to learn as much as you can about

this potentially beneficial option.

If you feel that this is indeed a viable

option for you, the next step, of

course, would be to find the right

PEO.

Visit

www.squarefishinc.com

i nqu i re@squarefi sh inc . com

Or call us: +1-702-501-8277