Employee Leasing is not a totally new concept. It has been tried and proven by some of today's leaders and most profitable companies. It can help to stabilize your costs and insulate you from unexpected increases, which can send your profit margins tumbling.
Employee leasing can provide "top of the line" benefits packages with a number of employee health insurance options, complete payroll services, personalized reporting and administrative services.
Most employee leasing companies maintain a "minimal" administrative, sales and marketing staff in order to keep overall costs down, and in turn, "employee leasing costs" to their clients.
Employee leasing is a cost-effective convenience for any small business owner. The reductions in cost are made possible through volume discounts by pooling your company's employees together for worker's compensation, health, dental, vision and life insurance benefits, state taxes, S.U.T.A. taxes, federal taxes, etc. Paperwork hassle and time consuming follow up are reduced, and sometimes eliminated, because the employee leasing company does the work for them. All payroll related taxes, filings and reports are also handled by the employee leasing company, leaving the business owner free to take care of the things he or she went into business for... Making A Profit! And remember, leasing your employees takes care of most of the human resource paperwork, thereby allowing the owner to reduce, or possibly eliminate human resource staffing, adding up to more savings!
If employee leasing and PEO cost saving alternatives for human resources sounds like something that could benefit your company, but if you are still skeptical, visit PML Worldwide (National Employee Leasing Company) and see how employee leasing and PEO services can help your business grow.
Jasen A. Burcham http://www.planmarc.com PML Worldwide An Employee Leasing and PEO Company
Wednesday, June 10, 2009
Offshore Employee Leasing Option: A Boon For Beleaguered Employers (by Stephen Seinfeld)
Most of the employers cutting across geographical boundaries go through the common - even though too an unwanted - process of hiring new employees, training and investing in them only to later find some such employees ditch them for another company(s) with, perhaps, better benefits and attractive incentives. Employees in America are switching jobs at a rate not seen in the past three years, according to the third quarter 2005 survey on the manpower statistics conducted by the American Institute of Human Resource Management.
A total of 240 companies participated in this survey, covering over 98,000 employees. The overall turnover rate in the third quarter of 2005 was 1.92%, higher than the second quarter and 8.64% higher when compared with the same period last year. The Information Tech. (14.7%) and Retail (12.5%) sectors recorded the highest turnovers.
What choices do an average employer really have? Go through the same painful ordeal of hiring new employees, training them only to later find such a thing take place once again! One solution to such a problem can be: Employee Leasing. There are two major kinds of Employee Leasing: Onshore and Offshore Employee Leasing. Onshore Employee Leasing company is a Professional Employment Organization (PEO). A PEO provides employees, and since these are the direct employees of Employee Leasing Company, a PEO saves the operating company the money that it otherwise may have to spend for creating an HR department for the purpose of hiring and managing employees. In order to provide financially conservative solutions and make profits, Onshore Employee Leasing Company often excludes or avoids hiring excellent salaried workers.
What’s Offshore Employee Leasing? Offshore Employee Leasing is nothing but a gradual development and smart progression of an old idea that has been in existence since the last few years. In a layman’s language, one can say that Offshore Employee Leasing is the hiring of new or additional work force from abroad at much cheaper rates, and, possibly on less obligatory and more accommodating and liberal terms.
Of all recruiting options and all professional employment organizations, the Offshore Employee Leasing is the best option of hiring employees, as it gives one the best value for one’s money at little or no obligations. Since the work force, by and large, are highly qualified and competent professionals from countries like India, and since they are often hired at cheaper rates, the hiring company stands to gain a lot from such an excellent system.
Stephen Seinfeld is a renowned expert on outsourcing and employee leasing, who writes extensively on these and related subjects for various websites and e-magazines.
A total of 240 companies participated in this survey, covering over 98,000 employees. The overall turnover rate in the third quarter of 2005 was 1.92%, higher than the second quarter and 8.64% higher when compared with the same period last year. The Information Tech. (14.7%) and Retail (12.5%) sectors recorded the highest turnovers.
What choices do an average employer really have? Go through the same painful ordeal of hiring new employees, training them only to later find such a thing take place once again! One solution to such a problem can be: Employee Leasing. There are two major kinds of Employee Leasing: Onshore and Offshore Employee Leasing. Onshore Employee Leasing company is a Professional Employment Organization (PEO). A PEO provides employees, and since these are the direct employees of Employee Leasing Company, a PEO saves the operating company the money that it otherwise may have to spend for creating an HR department for the purpose of hiring and managing employees. In order to provide financially conservative solutions and make profits, Onshore Employee Leasing Company often excludes or avoids hiring excellent salaried workers.
What’s Offshore Employee Leasing? Offshore Employee Leasing is nothing but a gradual development and smart progression of an old idea that has been in existence since the last few years. In a layman’s language, one can say that Offshore Employee Leasing is the hiring of new or additional work force from abroad at much cheaper rates, and, possibly on less obligatory and more accommodating and liberal terms.
Of all recruiting options and all professional employment organizations, the Offshore Employee Leasing is the best option of hiring employees, as it gives one the best value for one’s money at little or no obligations. Since the work force, by and large, are highly qualified and competent professionals from countries like India, and since they are often hired at cheaper rates, the hiring company stands to gain a lot from such an excellent system.
Stephen Seinfeld is a renowned expert on outsourcing and employee leasing, who writes extensively on these and related subjects for various websites and e-magazines.
A Closer Look At Employee Leasing And PEO Services (by Jasen Burcham)
Is It Really an Innovative Management Tool?
LET’S LOOK AT THE REAL PROFIT PICTURE!
In today’s competitive market, only the smart leader sees profit margins climbing. He/she realizes that one of the largest ex-penditures (which must be constantly addressed) is balanced and cost-effective staffing. The successful leader realizes that leasing provides a competitive edge. Employee Leasing is not a totally new concept. It has been tried and proven by some of today’s leaders and most profitable companies. It can help to stabilize your costs and insulate you from unexpected increases, which can send your profit margins tumbling. Our company can manage those risks for you. PML will be your “silent” partner.
SO, HOW DOES IT WORK?
We work together! You become a client and PML becomes your Professional Employer Organization (PEO). Together, we co-employ all of your staff. We assume responsibility for payroll, worker’s comp, unemployment insurance, medical bene-fits, payroll taxes, and other employer/employee-related issues. You maintain control of staffing (hiring and firing), day-to-day on-site supervision, and the usual operations of business. However, you now have PML’s input and expertise at your disposal.
EMPLOYEE LEASING—A PROVEN MANAGEMENT TOOL
(Quotes from: 1. Wall Street Journal, 2. USA Today, and 3. Fortune Magazine)
1. “THE employer avoids payroll, insurance and tax hassles. The staffers are happier, too, because they get better benefits.”
2. “The PEO concept appeals to the small to medium-sized firms who want to be free from bookkeeping chores and labor problems.”
3. “Employees are even more enthusiastic than employers about the arrangement.”
This is the bottom line; as your PEO, PML will handle all those complex issues that rob you of valuable decision-making time. This lets you do what you do best… manage your business and make a profit. We will become the employer of record through a contractual legal arrangement called employee leasing. PML takes the responsibility for payroll administration, taxes and with-holding, worker’s compensation, unemployment insurance, medical benefits and related government mandated regulatory compliance and reporting.
SO WHAT DOES PML DO FOR YOU?
• PML prepares your Payroll Checks. • PML handles Wage Garnishments. • PML prepares Management Information Reports. • PML computes and PAYS State & Federal Payroll Taxes. • PML pays all FUTA, FICA, and SUTA Taxes. • PML will help you avoid late TAXES, FEES and PENALTIES.
PML does all this for our clients, but, the best part is, simply, it’s all within what you’re already spending on your own!
AND WHAT IS IN IT FOR EMPLOYEES?
• Prompt accurate payroll and delivery. • Group Benefit(s) coverage. • Prompt accurate wage reports for employee purchases. • Optional choice of BC/BS plans • Prescription Card option (if enrolled for health coverage). • Stand alone Dental and/or Vision plan. • 401K plan.
For more information about employee leasing or PML Worldwide please visit PML Worldwide or call 800*567*0235. PML is one of the longest operating Peo companies in the United States.
This article was written by Jasen Burcham who is the National Sales Director for PML Worldwide and is considered to be one of the industries most aggressive marketing professionals.
LET’S LOOK AT THE REAL PROFIT PICTURE!
In today’s competitive market, only the smart leader sees profit margins climbing. He/she realizes that one of the largest ex-penditures (which must be constantly addressed) is balanced and cost-effective staffing. The successful leader realizes that leasing provides a competitive edge. Employee Leasing is not a totally new concept. It has been tried and proven by some of today’s leaders and most profitable companies. It can help to stabilize your costs and insulate you from unexpected increases, which can send your profit margins tumbling. Our company can manage those risks for you. PML will be your “silent” partner.
SO, HOW DOES IT WORK?
We work together! You become a client and PML becomes your Professional Employer Organization (PEO). Together, we co-employ all of your staff. We assume responsibility for payroll, worker’s comp, unemployment insurance, medical bene-fits, payroll taxes, and other employer/employee-related issues. You maintain control of staffing (hiring and firing), day-to-day on-site supervision, and the usual operations of business. However, you now have PML’s input and expertise at your disposal.
EMPLOYEE LEASING—A PROVEN MANAGEMENT TOOL
(Quotes from: 1. Wall Street Journal, 2. USA Today, and 3. Fortune Magazine)
1. “THE employer avoids payroll, insurance and tax hassles. The staffers are happier, too, because they get better benefits.”
2. “The PEO concept appeals to the small to medium-sized firms who want to be free from bookkeeping chores and labor problems.”
3. “Employees are even more enthusiastic than employers about the arrangement.”
This is the bottom line; as your PEO, PML will handle all those complex issues that rob you of valuable decision-making time. This lets you do what you do best… manage your business and make a profit. We will become the employer of record through a contractual legal arrangement called employee leasing. PML takes the responsibility for payroll administration, taxes and with-holding, worker’s compensation, unemployment insurance, medical benefits and related government mandated regulatory compliance and reporting.
SO WHAT DOES PML DO FOR YOU?
• PML prepares your Payroll Checks. • PML handles Wage Garnishments. • PML prepares Management Information Reports. • PML computes and PAYS State & Federal Payroll Taxes. • PML pays all FUTA, FICA, and SUTA Taxes. • PML will help you avoid late TAXES, FEES and PENALTIES.
PML does all this for our clients, but, the best part is, simply, it’s all within what you’re already spending on your own!
AND WHAT IS IN IT FOR EMPLOYEES?
• Prompt accurate payroll and delivery. • Group Benefit(s) coverage. • Prompt accurate wage reports for employee purchases. • Optional choice of BC/BS plans • Prescription Card option (if enrolled for health coverage). • Stand alone Dental and/or Vision plan. • 401K plan.
For more information about employee leasing or PML Worldwide please visit PML Worldwide or call 800*567*0235. PML is one of the longest operating Peo companies in the United States.
This article was written by Jasen Burcham who is the National Sales Director for PML Worldwide and is considered to be one of the industries most aggressive marketing professionals.
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