Looking for a staff leasing program for your company? Let the professionals from AMS handle the complexities of your work comp, payroll and HR, so that you can focus on the core functions of your business! Contact us today for a free quote by calling (903) 463-4000, or email firstname.lastname@example.org.
What is Staff Leasing?
Definition: Workers who are officially employed by a professional employer organization, which is responsible for overseeing all HR-related functions, but who actually perform all work for your company.
Staff leasing is a contractual arrangement in which the leasing company, also known as a professional employer organization (PEO), is the official employer. Employment responsibilities are typically shared between the leasing company and the business owner (you, in this case). You retain essential management control over the work performed by the employees. The leasing company, meanwhile, assumes responsibility for work such as reporting wages and employment taxes. Your main responsibility is writing a check to the leasing company to cover the payroll, taxes, benefits and administrative fees. The PEO does the rest.
Why Use a Staff Leasing Service?
Staff leasing lets you add workers without adding administrative complexity. Employee leasing firms manage compliance with state and federal regulations, payroll, unemployment insurance, W-2 forms claims processing, and other paperwork. Some also offer pension and employee assistance programs.
By combining the employees of several companies into one large pool, staff leasing companies can also offer business owners better rates on health-care and workers' compensation coverage. The net effect can be significant savings of your time and money.