The 3 Biggest Benefits of Employee Leasing
Employee Leasing Isnâ€™t the Risk You Might Think
Employee leasing isnâ€™t as impersonal as it sounds. Referred to in some circles as â€śoutsourcing,â€ť itâ€™s simply the process of moving jobs off-site, sometimes for very good reason. For pre-employment screening, for instance, you can lease an HR pro with the tools and experience to pick the right candidates for an opening, versus friends-of-friends or coworkersâ€™ relatives. Lease employees and youâ€™ll enjoy the following:
Specialization is a big factor in the success of your projects. Even when youâ€™re only spending one day on a task, the more knowledge and experience brought to the table will result in higher quality results. You can hire a specialist for all of your positions, but youâ€™ll likely blow through your budget in a matter of months.
This is where employee leasing comes in. You contract with a company to provide the workers you need, when you need them. Once the contract is over, you free up your budget for specialists needed in other areas.
2.Â Avoiding the Responsibility of Employees
While the people working for you are a rich resource, they also need a lot: schedules, information, equipment, help in solving problems and the occasional day off. They engage in office politics, backbiting, gossip and often bump heads. Their personal issues, all by themselves, can make employees more of a problem than theyâ€™re worth.
Donâ€™t worry about the post-employment issues that pop up after you hire Mr. or Ms. Right. Instead, avoid the scene through leasing. The peace of mind youâ€™ll get is more than worth the expense. Free yourself up from being the â€śboss,â€ť and allow yourself to focus solely on your projects.
This is especially helpful when it comes to sensitive tasks like vetting candidates for open positions or setting up benefits in your companyâ€™s payroll system. As professional as someone might be, files left on company property can always be observed by those who want to badly enough. Private information can be used to fuel fights, which ultimately affect your bottom line.
3.Â Tapping Into Top-of-the-Line Resources
Not only do these companies have workers with specialized training and experience, they have the best tools as well. When you lease an employee, you donâ€™t have to worry about carrying the cost of expensive software or equipment on your own dime. Often, if any investment is needed on your part at all, itâ€™s pennies on the dollar for what it would cost to buy these things yourself.
Additionally, these workers know which solutions work best. They invest the time and effort into testing review copies and keep track of the latest developments in their industry. The opinions of leased employees can be an integral part of your companyâ€™s plans to upgrade.
Employee leasing has a bad rap for one reason: assumptions. Business owners are afraid theyâ€™ll talk to competition or pass along proprietary information. They donâ€™t expect hard work either because thereâ€™s no loyalty factor. Nothing could be further from the truth. At the end of the day, leased employees are professionals, and they know they have to respect their clients and how to get more of them.
Discover all the potential positions covered by employee leasing programs. Download our free whitepaper on PEO here.