Tuesday, September 11, 2012
Employee Leasing - How it works?
You've heard of employees of leasing / PEO services, but are not sure what they are? Do you think these services means working for a temporary agency or personnel?
I talk to many entrepreneurs who have heard that the PEO services can help them save time and money, but it is not always an easy concept to understand. So what is an employee leasing company, and how it can help your business?
Partner with employee leasing company with business owners to share the responsibilities of the employer and liabilities. The company functions as the administrative arm of your company, providing services such as payroll and benefits, insurance, occupational accidents, "says the administration and human resources.
Still not sure what that all means? Here are two of the most frequent questions I have about PEO services and the answers that I give to my clients:
What is a proposal to lease the employee base?
A proposal is based on the five employees on cost factors that you currently have to manage, regardless of the method used.
FICA - Social Security and Medicare to the corresponding
FUTA - Federal Unemployment Tax
Suta - State Unemployment Tax
W / C - Compensation rates for workers to provisions for other risks (eg, painting, sales, clerical) working with your company
Administration - all personnel inside the work involved in running your business. These services include payroll, workers' compensation or risk management, government compliance, human resources management and social benefits.
What is the biggest advantage you'll experience from service employee leasing?
Simple, lets focus on work that affects the bottom line. The Small Business Administration (SBA) estimates that employers spend up to 40% of their time dealing with administrative tasks that do not produce income. Consider what you could achieve if all your time, energy and focus has evolved around ways to create more profit?
When you are ready to explore the benefits that an employee leasing / PEO service can provide for your business, give us a call. Employee Leasing Quotes.com works with a network of providers of leasing. Find the one that will be your business the most is the way to save our clients time and money. Contact us at 1-888-582-8388 .......
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