Employee Leasing Quotes Services

The benefits of employee leasing services offered by PEOs are significant enough to put businesses on the right track. PEOs help client companies save on costs and resources, and allow them to focus on their core tasks without being worried about peripheral issues, most important of which is HR management.

Employee leasing services are offered by professional employer organizations (PEOs). PEOs do more than merely providing new employees. They take over the entire administration of human resources, including payroll processing, managing workers’ compensation, administering employee benefits, ensuring regulatory compliance of the client company, managing employer risks, and more. In other words, employee leasing services offered by PEOs reduce the burden of employers, apart from bringing down costs. The comprehensive package of services would help client companies focus on their business and remain competitive, moving ahead of their competition. The attractive package of benefits offered by PEOs would help businesses exert considerable influence in the labor market as well.

The PEO establishes a co-employment relationship with the client company through which it shares the employer responsibilities. While employers regulate their employees at the workplace, the PEO takes care of the other aspects. In effect, the employers work for the PEO but the client companies exercise total control over them at the workplace. They get the performance from their workforce while the PEO manages them. It’s a relationship that would save you costs, time and a whole lot of burdens, unshackling you to focus on your business. These benefits of employee leasing services offered by PEOs are too obvious to be ignored.

Over the years I’ve dealt with many business owners who confuse Employee Leasing (a.k.a. PEO services) with staffing or temporary labor companies. In many cases those same business owners have had experience with one or the other services, but really aren’t familiar with the differences. So what are they, and how do each benefit employers?

To begin with, an Employee Leasing company’s main benefit to an employer is to relieve the non-profit producing tasks of dealing with employee administrative hassles- such as payroll, employee benefits, human resources and workers’ compensation. By outsourcing these to an Employee Leasing company, the employer can focus on what they do best and grow their bottom line.

Throughout the years, business owners have faced increasingly escalated government rules regarding employment. Employee Leasing companies assume many of these responsibilities and provide expertise in human resource management.

An Employee Leasing company is typically the most cost-effective option for an employer when the business owner has five or more full-time employees. Costs related to workers’ compensation, unemployment tax and payroll administration are much less in comparison to a staffing or short-term employment arrangement. As you can imagine the more employees as a business has, the more time has to be devoted to employee issues- therefore the value of outsourcing this work becomes a more profitable decision.

A business can benefit by using a staffing or temporary help service in variety of ways, as well. The obvious advantage is the ability to access short-term help immediately. Whether it is a construction project with a timeline that requires temporary labor, or a secretary who takes a leave of absence for an extended period of time; accessing pre-qualified help at a moment’s notice is when these services can be an employer’s best friend.

The administrative costs such as payroll, unemployment taxes and workers’ compensation are handled by the staffing company. The employer also relieves themselves of any benefit requirements like health care, vacation, sick or holiday pay. But, there is a premium to pay for these short-term employment services. The overall employee-related costs will be much higher including fees that are added for using staffing companies. The added risks and administrative costs for the services they’re providing is exactly why staffing companies are to be used as a temporary solution.

Just as convenience and grocery stores fill a specific need, the services that Employee Leasing and staffing companies provide (although different) are an invaluable resource for businesses.

While running a small business, often the entrepreneur is confronted with the issue of managing limited resources to generate the desired outcome, in terms of both quantity and quality. The dire need to expand, while at the same time cope with expenses, eventually becomes a difficult task for even the most talented. Increasing initial expenses and diverse market requisitions impose a sustainability issue on the small-scale thriving businesses. The need of the hour is to look out for ways to cut costs and plan the expense structure, to keep the fixed cost at the minimal levels. The market requirements are unpredictable and in such situations, it makes no sense to deploy dedicated resources for the output.

Employee Leasing:
Therefore, to cater to immediate demand and at the same time save on the long-term obligation, employers are looking forward to employee leasing as a solution. Employee leasing refers to hiring out employees for the specific purpose sought. As implied the leasing contract outlays the exact job description and the duration of employment along with payment terms. Employee leasing serves as a valuable option, especially if specialized resources are required for a small duration.

Employee leasing has been gaining a lot of positive review over a recent period. This working culture not only renders the regular employer benefits but also saves time in employee training; associated administrative hassles and the ease to expand with limited resources in the short run.

However, the other side to this interesting proposition is the corresponding risk factor. Many employers feel that these temporary employees could affect the overall culture and might impose risk by being a potential threat to the important insider information. The solution is to specify the access permitted to the contractual employees while working with the firm which would not only segregate the important information and but would also maintain focus on the key task allotted. Moreover, various professional firms providing such temporary work force are willing to enter into legally enforceable contracts regarding the organization’s information confidentiality, thus curbing the scope of information mismanagement.

Leasing and Outsourcing:
A common misperception among various recruiters and employers is their perceived similarity between leasing and outsourcing. Many tend to think that they are implicitly the same concepts. However, it must be noted that there is a thin line of difference between the two notions. Outsourcing implies to getting the job done from a third party at their workstation or on your premises, while leasing refers to hiring employees or professionals for a defined time duration. For this defined duration, these workers act as the company’s employee and fulfill the outlined job requirements as directed. The then appointed contractual employees have direct employee rights and share the company’s success and failures as other regular employees.

Leasing employees is a viable solution, is in perfect consonance with the assorted needs, and therefore must be accepted with ease to survive the stiff competition.

1. Payroll management: Sure, it’s not rocket science- but payroll is tedious work and you can’t afford mistakes. There’s a reason why 1 in 3 businesses are penalized every year by the IRS. Employee leasing/ PEO services assumes all your payroll liabilities and are responsible for timely deposits and reporting.

2. Workers’ compensation:
No premium deposits
Discounts unavailable through traditional markets
No annual state fees
No audits

3. Labor burden reports: Do you currently know to the penny what each employee truly costs you every hour they’re at work? An employee leasing company’s labor burden report helps you bid jobs and understand your bottom line more effectively.

4. Wage garnishments: Another check, another stamp and another wasted ten minutes of somebody’s time. These are one of many frustrating issues you signed up for as an employer but wish you couldn’t. Employee leasing services handle these time consuming tasks.

5. W-2’s : What’s worse- an ex-employee calling you in late February for their W-2 or getting return to sender over and over again when you mail them out… both! Let the employee leasing company deal with the headaches.

6. Safety manuals, newsletters and on-site meetings: Investing in workplace safety education is investing in the future of your business. Your workers’ compensation insurance history can make you more competitive or drive you out of business. Employee leasing/ PEO services have a significant stake in your company’s safety program. It’s in their best interest to help.

7. Direct deposit: Imagine the extra hours of productivity you would get, if employees weren’t spending part of the afternoon waiting for checks then taking the time to cash them? Wasted time costs you money - direct deposit services are free!

8. HR help: The only thing worse than being wrong on a hire is the employee dragging you to court when they’re fired. Employee leasing/ PEO services provide hiring and firing procedures, including any claims processing.

9. Benefits management: Shouldn’t benefits questions be directed to your benefits provider? Employee leasing companies provide a toll free hotline for employees to ask questions, feel educated and most importantly - get help when they need it!

10. Time Savings: If you see the value in these services but don’t have the time to become an expert, then you’re ready to explore the impact employee leasing/ PEO services could have on your business.

Free and Helpful Information
1-888-582-8388

http://www.EmployeeLeasingQuotes.com

With Employee Leasing/ PEO services growing at a healthy 25-30% rate a year for several years now, the word is out on the benefits of outsourcing. So when choosing the right Employee Leasing company becomes the goal, look closely at a few important factors to make sure you’ve chosen the right partner.

1. Pay close attention the marketing material the Employee Leasing company has. A company’s website, brochures and business cards can give you immediate feedback as to what kind of industries they serve.

2. Find out how long the Employee Leasing company has been in business. Are they registered with the state? There have been bad apples among the trees over the years, just as any industry has. What local or national trade associations are they a member of?

3. Who is their workers’ compensation carrier, and for how long? Like any other business, Employee Leasing companies face yearly workers’ comp audits, and if the insurer finds bad claims and management, a renewal is not awarded. Obviously without workers’ compensation they can’t continue to operate, and the scramble begins to find a replacement. If a company has had several carriers over the years, you need to know why.

4. Does the workers’ compensation policy cover your employees when working out of your state? Many of the policies don’t provide this coverage, so it’s important that you ask. Also, find out specifically what types of deductibles apply if claims occur.

5. Ask if your rate drops when the $7,000 Federal and state unemployment tax caps are met on employees. A large percentage of Employee Leasing companies continue to bill at the same rate throughout the year. While one particular Leasing company’s rates may look lower than the others, if they don’t lower your percentage on these taxes, you could end up paying much more in the end.

6. Compare the little numbers, such as new employee setup fees, minimum payroll run fees- even delivery costs can vary dramatically. A difference in delivery fees of only $10 a week is a $520 disparity between companies over one year.

7. If employee benefits are important to your company, make sure they are suitable for where your employees live and work. Even companies like Aetna or Blue Cross Blue Shield have areas where coverage is limited. Having benefits that require lengthy travel dampens the perk.

8. Get references. It can require a great deal of time, depending on the size of your company, to begin using the services of an Employee Leasing company. References can calm a lot of fears regarding the consistency of payroll delivery, how workers’ comp claims have been handled and the overall service the Employee Leasing company gives to their clients.

The benefits of using Employee Leasing/ PEO services can have an immediate impact on a business’ profitability. Doing your homework up front to choose which company to partner with will determine how much!

These days we can pay bills online, use cell phones as maps and even bundle our television, phone and internet services with one provider.

This simple concept of saving people time and money is what employee leasing services can provide for your business.

Employee leasing services, also known as Professional Employer Organizations, are today’s way of running a business effectively. An employee leasing company allows you to bundle the administrative headaches of payroll management, workers’ compensation, employee benefits and human resource management with one provider - all for less than you could do on your own!

Some of the advantages include complete payroll processing, discounted workers’ compensation rates and access to big company benefits. The biggest reward, though, is the time you’ll get back to concentrate on building your business. In fact, the Small Business Administration estimates that business owners spend up to 40 percent of their time consumed by employee-related paperwork.

Outdated methods required employers to do their own payroll or utilize accounting services- and search out numerous agents for their insurance needs. Wasted hours have been spent dealing with payroll garnishments, claims, reports, audits and a pile of other issues including multiple bills to review from each provider.

The US Department of Labor Statistics predicts that by the year 2020, more than half of American employees will be employed through Professional Employer Organizations (PEOs). Employee leasing reflects the demands of a new business era, and a fundamental change in human resources management.

Operating a business in today’s environment requires employers to maximize their time and energy on ideas that generate profits and minimize the work that adds nothing to the bottom line.

Employee Leasing Quotes.com was created to provide employers an easy way to access competitive employee leasing proposals - based on the needs of your business. So whether your goals are to reduce workers’ compensation costs, simplify payroll administration or attain a stronger all around benefits package for your employees- we can help. http://www.EmployeeLeasingQuotes.com

In a world where it is increasingly common for business owners to outsource their payroll, workers’ compensation insurance, and HR to guys like me, a more appropriate question is “why all the names?”, when all three of the terms in this title correctly describe exactly what we do.

That’s right. You can pick your favorite of the three, and use the second as a definition, and the third for…well, I guess, redundancy! This confuses PEO prospects, PEO referral sources (insurance agents and accountants), and if you are reading this than it probably confuses you, too. (Chances are that you are familiar with one of the three terms, and the other two sounded like sort of distant half cousins, right?) Now you know that you are in good company.

Therefore, having clarified this situation for you, you may now use whichever term you prefer to describe my industry. (We PEO-owners & enthusiasts just hope it’s nice!) For the traditionalist, the term “employee leasing firm” is what the founding fathers used when the industry began in the mid-80’s.

The contemporary may opt to address us with the term “PEO” which is the most commonly used term and most searched term for my industry on Google. (It is worth mentioning that “PEO” stands for “professional employer organization” and that our industry association and lobbyist is NAPEO).

The progressive-minded may prefer the more edgy term “payroll leasing firm” which just recently has come into vogue.

Not to digress, but PEO brokers offer the same 3-name ambiguity, too. (PEO brokerage firms are businesses that represent several different PEOs. The relationship is similar to the way in which insurance agencies represent a multitude of carriers).

PEOs and PEO brokers somewhat informally agreed several years ago to phase out the term “employee leasing”. In theory, it made sense at the time to simplify the verbiage, favoring the term used within NAPEO’s name. In practice, most industry insiders, including me, agree that it is too risky from a marketing standpoint to abandon the older term, although it is often relegated to parenthesis, next to the term PEO.

In closing, you are always welcome to check out the terms HRO, ASO, and BPO if you want to get confused all over again.

If you’re one of the thousands of contractors who are interested in taking your skills on the road to hurricane damaged areas, you know it’s not as easy as loading up the truck with some tools, supplies and few of your buddies to go cash in on an opportunity.

I’ve been talking to quite a few contractors lately who are interested in hurricane cleanup, but just don’t know how to run their business in another state. I’m able to give them the help to make their business run smoothly- with employee leasing/ PEO services.

One of the first obstacles in working outside of your home base is securing workers’ compensation insurance from the state you’ll be working in. This can be an extremely difficult process for an out of state contractor. Who do you call? What are the requirements going to be? Do you have enough employees to get coverage? What will the costs be? These are just a few of the questions you’ll need answers to.

Employee leasing services have proven to be an invaluable solution for contractors in need of quick, affordable payroll and workers’ compensation coverage.

An employee leasing company experienced in disaster recovery work can provide workers’ comp coverage in multiple states for even the smallest employers- and without huge deposits, giving you much needed cash flow. Employee leasing services also handle the burden of payroll, providing free direct deposit services and overnight checks for your employees, wherever you’re working. Some of the other benefits of employee leasing solutions include:

Certified Payrolls

The employee leasing company files reports and assumes all payroll liabilities

Labor burden reports

Administration of all claims

No audits to deal with

Workers’ comp savings

Pay-as-you-go general liability options

W-2 & W-4 compliance

My company, Employee Leasing Quotes.com, has helped hundreds of employers find the right employee leasing company/ PEO service for their unique business. We sort through many nationwide employee leasing companies to find the one that truly fits the needs of your business.

If you’re a contractor and have experience working disaster recovery events, you should have your own evacuation plan when work calls.

Being prepared and ready to take advantage of an opportunity requires you to be insured correctly before the bell rings. What most contractors don’t know until it’s too late is their current workers’ compensation policy is inactive or useless if they work outside of their home state. In other words, if you want to go work in another state you’ll have to buy a policy in that state. This also means different rates and large premium deposits- if you’re able to get coverage!

Coverage is difficult to access because insurance companies don’t want short-term policies with risk involved. They’re also aware of the contracts involved and know many times wages are under reported and daily cash work is involved- which means lots of liability.

Another important fact that contractors need to know is- an employee leasing company can make life easy when the big break comes. There are unique employee leasing companies (or PEOs as they’re referred to) that specialize in the disaster recovery industry. Their workers’ compensation policies cover multiple states- so you’re ready to go. You’ll usually save between 15-40% on your workers’ compensation vs. traditional policies- and you can get started up for as little as a few hundred bucks!

They also provide payroll for your employees- delivered wherever you are! Imagine calling in payroll hours on your cell phone in 5 minutes and receiving your employees’ checks at the jobsite. Many employee leasing companies offer free direct deposit.

By combining payroll and work comp insurance services, you’ll never have audits and you’ll have done away with two headaches, all for less than you could have done on your own!

Consider employee leasing services not just for disaster recovery services but for daily business services. You’ll wish you would have done this years ago. http://www.EmployeeLeasingQuotes.com

Business owners in the construction and trades industries enjoy the benefits employee leasing/ PEO services have to offer for three main reasons.

Better access to workers’ compensation
In virtually every state except Texas, workers’ compensation insurance is mandatory. Employers are required to carry workers’ compensation insurance on their employees. The problem is the insurance industry makes it almost impossible for a small contractor to obtain a workers’ compensation policy. Traditional work compensation insurance carriers can require a minimum of five employees or $80,000 in annual wages to secure a policy. Many employee leasing companies, on the other hand, can access coverage for even the smallest contractor.

Savings on workers’ compensation insurance costs
Construction employers can expect to save 10-40% with employee leasing/ PEO services compared to standard market work comp rates. One of the greatest benefits of using an employee leasing company is the pay-as-you-go workers’ compensation insurance coverage, eliminating the big deposits and up-front costs to get coverage. Traditional work comp policies will require a significant down payment (often 3 months of premium costs) to get a policy in place. Employee leasing companies do not require any up front payments for workers’ compensation coverage.

Outsourcing the administrative headaches
Imagine the time savings and freedom to complete payroll with a five minute phone call in the office or on the jobsite. An employee leasing company/ PEO service provides payroll processing, workers’ compensation administration, claims management and HR assistance. For today’s employers, the frustrating tasks of dealing with these issues along with nearly sixty other federally mandated laws can make it almost impossible to work on profitable business ideas. One payment to the employee leasing company covers all your costs for payroll, work comp and payroll taxes.

When you’re ready to explore the benefits a employee leasing/ PEO service can provide for your business, give us a call. Employee Leasing Quotes.com works with a network of construction employee leasing providers. Finding the one that will benefit your business the most is how we save our clients time and money. Contact us at 1-888-582-8388. http://www.EmployeeLeasingQuotes.com