Ultimate Guide to Spot a Good Employee Leasing Partner

We all know that employee leasing is a wise strategy to reduce operating expenses. However, it may pose a risk of sacrificing quality for price—but not if you select the ideal lease partner. When considering whether you should lease employees, there are numerous factors that you should keep in mind. 

 

Employee leasing started way back in the late 1970s and continued to be vital for different businesses and organizations worldwide.

In a nutshell, employee leasing is the acquisition of resources from a third-party company. With this, business owners rely on this when they need new workers without worrying about the administrative and regulatory tasks associated with hiring contract workers.

 

What is employee leasing?

By definition, employee leasing is an arrangement where a company’s employees work for another company, which pays them and oversees other expenses and obligations. Also referred to as staff augmentation, this service offers advanced performance management support, cost saving solutions, and serves as an instant framework for your business.

What is a leased employee?

 

These are professionals who receive their paycheck through a third-party organization, which is the employee leasing company. Usually, they handle administrative tasks such as Human Resources and payroll while the resources work on numerous projects for the client or recipient company. A leased employee can work either for seasonal or long-term work, depending on the arrangement between the employee leasing company and the client.

You may prefer to partner with an employee leasing company if:

• You are short-staffed and want to fulfill seasonal or immediate employee demand
• There is a one-off project your business has to cater
• There are seasonal tasks that need to be fulfilled
• You consider easing the administrative tasks in your company

Here’s a checklist guide to sourcing an employee leasing partner:

• Were they recommended to me by my colleagues in the industry?

 

Reach out to your colleagues or other business owners for their endorsements on which employee leasing company can accommodate your needs. Preferably, the ideal employee leasing partner is a company that a few of your connections have knowledge of or have worked for in the past.

 

• Do they have an impressive client portfolio?

 

It adds credibility to a company to know the other business owners that are in some way “connected” to the employee leasing company. Therefore, it is also quite important to find out some companies they have worked with previously. For example, if you are looking for resources that are experts in digital marketing solutions, it is best to find people knowledgeable in this field.

• Are they within my budget range?

Another thing to note when finding an employee leasing company is the amount that you are willing to allocate for your resources. You would prefer to fix your budget as this would be determined by the time you lease employees. You would want to stay within your budget while getting the optimal value you can get out of your resources.

 

• Do they share the same goals as my company?

 

As staff augmentation is more than just hiring resources, it takes a great employee partner to share sentiments with any business owner. Find a partner that you share the same company goals with that can accommodate your needs. All in all, it is great to find an employee leasing partner with the same goals aligned with yours.

• Will they be capable of doing the project?

You would prefer the staff leasing company to be reliable and have expertise in the services you need. Check out their administrative competence and even if they are licensed to operate.

 

Leasing employees in your business field requires extensive research, keeping in mind the goals of your company. Its flexibility gives way to the business, which is a great feat. Furthermore, as long as you and your chosen employee leasing company come to an agreement on terms that are on par with your needs, you are good to go. 

 

In time for Labor Day, it is high time to highlight professionals that can be great assets to your company through the meticulous processes of an employee leasing company. The combined efforts can skyrocket as both parties reach their end goals.

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