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Employee Leasing
Employee leasing is much like the process of hiring temporary workers, although the main difference is permanency. A company wishing to pursue employee leasing will first contact a professional employment organization (PEO) to discuss its particular employment needs. The PEO or other employment leasing company might set up an interview process for recruiting new staff, or might take responsibility for existing workers. The company can still participate in the hiring process, however any hired personnel will officially work for the employee leasing company, not the contracting company.
For many employees, the switch from their original company to an employee leasing company may work out to be a better deal financially. Since a typical PEO handles a large number of employees from numerous companies, future health insurance and other benefits can be negotiated in bulk. A worker at a small electronics company can enjoy the same level of benefits as a worker in a massive automotive plant. Wages and performance reviews are under the backing of the employee leasing organization, not the original companies.
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Additional Resources
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