Staff Leasing Services
The hiring process is never a one-size-fits-all.
For some businesses, it could mean getting short-term or contract staff, while others might look for more permanent solutions.
A flexible solution is employee leasing, which can easily be outsourced to a third party staff leasing provider.
Working with staff leasing services providers can be an ideal consideration for employers looking for more streamlined processes when it comes to getting the talent they need for specific roles, with a level of cost savings linked to the overall process.
Vetted third-party providers can significantly reduce administration woes associated with hiring additional staff, and can play a key part in the recruitment process.
Contact us below if you are eager to explore the benefits of these outsourcing services, and also continue reading for more information on staff leasing services and its cost savings benefits.
What is the meaning of staff leasing?
Staff leasing refers to when a business works with a staffing agency to procure either temporary or contract staff.
Also called employee leasing, or professional employer organization (PEO), outsourced staff leasing services are offered by third-party partners who manage all human resources functions, such as benefits, payroll processing, employment laws (according to the location that a business is based in), and any other associated expenses or HR related tasks.
These third party providers will handle various administrative tasks, making light work of the process to hire employees.
What is an example of employee leasing?
When a company uses staff leasing services, their salaries and benefits will not be managed the same as in-house team members.
This means there needs to be clarity during the leasing process to ensure that all contractors are on the same page and know their roles in a specific business model.
What does leasing mean in a job?
Staff leasing means that there is a clear understanding between a company and a staffing agency regarding workers that are provided temporarily or per project.
Although these employees will be working for a company, their salaries, and HR administration will be handled by the leasing agency.
What are the pros and cons of staff leasing?
Staff leasing certainly has its advantages as well as considerations that businesses need to keep in mind when it comes to negotiating specific deals.
Have a look below at some key points that make staff leasing services an ideal option for companies:
Benefits
1. Companies can get relief from admin tasks and better focus on their core tasks.
2. Reduced recruiting costs are another avenue where companies can benefit, as the PEO handles several of these processes and takes responsibility as needed for their clients.
3. Staff leasing is a perfect consideration for maintenance and other services, such as receptionists and security, or other tasks as needed.
4. Companies can get access to top talent without lengthy recruitment processes. Their third party partner will manage key leasing processes.
Overall, businesses can enjoy increased efficiency, without needing to be concerned about managing sick leave, maternity leave, or other HR tasks, as these will be managed by a third party provider with the right expertise.
Considerations
1. Companies will need to negotiate with a PEO if they do not want to discontinue the services of certain leased employees.
2. Businesses also need to not become over-reliant on staff leasing, as this could cause a disconnect between employers and their complete staff contingent.
3. Leased staff might not be as motivated as they should be if they know that they will only be working for a company for a short while.
What should a company that is interested in staff leasing services?
Staff leasing is not a traditional hiring process, however, it can provide several benefits to businesses that might not have the infrastructure or resources needed to hire additional staff.
Businesses that partner with vetted staff leasing services companies with a proven track record will certainly benefit from this outsourced service, and if it is something that you are eager to explore for your company, get in touch with our expert team today.
Want Free Staff Leasing Services Advice?
Gain Access to our Outsourcing Consultants today
Ready to start empowering your business?
FAQ's
Have a look below for more information about staff leasing services and working with a third party provider.
How do I ensure that I choose the right staff leasing partner?
Over and above working with a trusted BPO company such as Consumer Links, it is important to have a look at the reviews that a company has received from past and current clients.
Consider whether a company was satisfied with the services that they received, and if they could achieve their desired goals by partnering with specific staff leasing companies.
How does staff leasing work?
Although staff leasing companies will handle the administration of salaries and benefits, leased staff will still be instructed by your company.
Therefore, you will provide whichever tasks need to be done, and ensure that expectations are clearly communicated for every business process.
Can a PEO assist me with tax compliance?
This is certainly a benefit of working with staff leasing agencies, as they can easily work with tax agencies and ensure that there is minimal room for error.
Can an outsourcing model only be used for hiring permanent employees?
There are several options for enhancing your core business, and the flexibility of staff leasing services allows companies to get better benefits and expertise for their companies.