What is Staff / Employee Leasing
IT IS A CONTRACTURAL AGREEMENT BETWEEN THE CLIENT COMPANY AND THE PEO THAT TRANSFERS THE LEGAL RESPONSIBILITIES OF MANAGING EMPLOYEES FROM THE CLIENT TO THE PEO. THIS INCLUDES PROVIDING WORKMEN’S COMPENSATION INSURANCE FOR THE EMPLOYEE TO THE CLIENT ALONG WITH PAYMENT OF ALL FICA, FUTA, AND SUTA PAYROLL TAXES AND PROVIDING COMPLETE PAYROLL SERVICE TO THEM AS WELL.
What are the Benefits of Staff Leasing?
IT ALLOWS THE BUSINESS OWNER TO CONCENTRATE ON GROWING THE BUSINESS BECAUSE THE PEO RELIEVES THEM FROM ALL NON INCOME PRODUCING ADMINISTRATIVE FUNCTIONS. THEY INCLUDE NO UNEMPLOYMENT AND WORKMEN’S COMP CLAIMS TO DEAL WITH, ALL PAYROLL, TAXES, W 2’S, AND OTHER RESPONSIBILITIES ARE NOW DONE FOR YOU. OUTRIGHT SAVINGS BY JOINING A GROUP WITH HUNDREDS OF EMPLOYEES THAT BUY WORKMEN’S COMP INSURANCE IN HUGE QUANTITIES AND THAT SAVINGS IS PASSED ON TO THE CLIENT.
Who Controls The Employees?
THE CLIENT COMPANY MAINTAINS COMPLETE CONTROL AS TO HIRING, DAILY OPERATIONS, TERMINATIONS, AND WAGES PAID.
How do the Client's Employees React?
COMPLETELY THE SAME. THEY WILL SEE NO DIFFERENCE. IT WILL BE ABSOLUTELY TRANSPARENT TO THEM. THEY WILL LOVE THE CONVENIENCES AND OTHER BENEFITS.
What About Employee Benefits?
GROUP HEALTH INSURANCE PLANS ARE AVAILABLE ALONG WITH 401 K PLANS.
How is the Program Paid For?
IT IS A PAY AS YOU GO PROCESS WITH NO UPFRONT DEPOSITS. THE FEE IS BASED UPON A PERCENTAGE OF THE GROSS PAYROLL. IT CAN BE SET UP ON AN ACH BANK DRAFT OR COD.