A Quick Look at Staff Leasing as a Business Solution
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Transcript of A Quick Look at Staff Leasing as a Business Solution
![Page 1: A Quick Look at Staff Leasing as a Business Solution](https://reader035.fdocuments.us/reader035/viewer/2022070304/54bb918c4a79596e708b45a7/html5/thumbnails/1.jpg)
A Quick Look at Staff
Leasing as a Business
Solution
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Over the years since it was first
offered as a business solution, the
concept of staff leasing has gradually
increased in popularity.
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The practice basically involves a
business that pays another company
to provide them with a team of
employees.
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The leasing agency is known as a
Professional Employer Organization
(PEO) and is responsible for scouting and
hiring the personnel their clients need.
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Who uses staff leasing?
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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.
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It gives them the focus that they
need without necessarily sacrificing
the other aspects of the business,
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which may constitute its core, but
are still necessary to ensure smooth
business operations.
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In staff leasing,
for whom do the employees
work?
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The official employer of leased staff
is the staffing agency.
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It is the PEO that does the scouting,
screening, and hiring of employees.
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They are also the ones responsible
for payroll, taxes, bonuses, and
benefits.
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In terms of the actual work, however,
it is the client that has control over
the leased employees.
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They dictate what specific tasks to
assign the leased team and what
results they should deliver.
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The client and the staffing agency
therefore have a co-employment
relationship of sorts.
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What’s so great
about
staff leasing?
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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.
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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.
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This is why many businesses choose
to lease staff from a Philippine-based
PEO.
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Another advantage offered by this
setup is that Filipino workers are
known to be committed,
hardworking, and skilled.
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They also have a good grasp of the
English language, which makes it a
lot easier to maintain an open line of
communication.
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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.
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If you feel that this is indeed a viable
option for you, the next step, of
course, would be to find the right
PEO.
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Visit
www.squarefishinc.com
i nqu i re@squarefi sh inc . com
Or call us: +1-702-501-8277