Running a business and ensuring everything is on the right track has never been an easy task. Business owners in Pennsylvania must concentrate their efforts on the tasks that will provide the business with the most value. Fortunately, you can reduce this burden by handing over staffing and other administrative tasks to an employee leasing company.
Employee leasing is an arrangement in which a business temporarily hires staff from a company specializing in offering that service. Partnering with an experienced Pennsylvania employee leasing company like NetPEO allows you to have staff on hand for a specific period or until a certain project is complete.
Why Partner with a Pennsylvania Employee Leasing Company?
There are several benefits of partnering with an employee leasing company instead of hiring your staff directly. These include:
Reduced HR Workload
As your workforce expands, the workload of your HR increases. The department has to bring on the right new hires and oversee the additional administrative tasks that are part of the hiring process.
For example, they have to cover the taxes, payroll, and reporting requirements. Your HR team will also be responsible for disciplinary actions and performance evaluations.
However, when you work with a Pennsylvania employee leasing company, you get qualified candidates to help with these administrative tasks. Your in-house HR staff can then concentrate on more pressing and important issues to take your business to the next level.
HR administration expenses are one of the high operational costs facing many businesses. You can reduce these costs by partnering with an employee leasing company. They are responsible for employee benefits such as worker’s compensation and healthcare.
They are the technical employers of your workers, taking the burden of paid leaves and unemployment insurance off your back.
Also, you don’t have to incur hefty training and additional education costs since most leased staff are already skilled and undergo thorough vetting to match your requirements.
Reduce Risks and Liabilities
The employer is responsible for compliance with employment-related laws and regulations. Working with a staff leasing company reduces your risk and liability since the workers belong to the firm.
Although you retain some liability over leased employees, e.g., ensuring a safe work environment, it is much less than when you hire directly.
Enjoy Increased Flexibility
Employee leasing allows business owners to ramp up their workforce when the need arises. For instance, you can get more workers when you have larger projects, and they’ll leave once the project is complete. This way, you won’t incur costly separation benefits.
An employee leasing firm adds staff without engaging in long-term commitments or investing in infrastructure that you cannot maintain after the completion of the project.
What Administrative Services Can a Pennsylvania Employee Leasing Company Offer?
Don’t let administrative paperwork prevent you from working to improve your products, processes, and customer experience. A Pennsylvania staff leasing company can help with the following administrative services to allow you to focus on your business goals:
Taxes and Workers’ Compensation Insurance
Whether it’s shifting into a higher tax bracket or complying with the ever-changing tax code, tax matters are time-consuming. Luckily, a Pennsylvania employee leasing firm can help you track and implement tax changes for your business.
With the ever-rising costs of health insurance and other staff benefits, businesses find these costs too much to shoulder. However, working with a staff leasing company eliminates the burden via economies of scale. The company can leverage its size to the benefit of your staff.
Payroll tasks can be time-consuming, especially if the business has recently hired new employees. A Pennsylvania employee leasing firm eliminates the tedium with online payroll processing.
You’ll also have an assurance that your business is legally compliant with tax returns because you are working with an experienced company with up-to-date HR professionals on the matters regarding deductions.
Do You Need to Partner with a Pennsylvania Employee Leasing Company?
Maybe you are wondering whether you need to partner with a Pennsylvania employee leasing company. Below are some instances that indicate it might be the right time you consider a partnership:
You Want to Cut Costs
Hiring a single employee in the US today costs about $4,000, thus expensive for any business. Employers incur these expenses in hiring, payroll, benefits, retention, etc. If you are keen on cutting your budget, an employee leasing arrangement is ideal as it proves to be cost-effective.
You Have a One-off Project
An employee leasing firm can help you fulfill seasonal employee needs, especially when you have a large or one-off project. You can also partner with the company when you need to hire specialists in the short term.
You Are Entering New Markets
If your business is expanding to new markets, hiring full-time employees may not be wise. Instead, you should hire temporary staff to pilot the business in the new market. The move is strategic because you can disband such teams if the expansion is unsuccessful.
An employee leasing company will have people ready for such roles.
How to Choose an Employee Leasing Company
Here are factors to consider when choosing an employee leasing company:
Evaluate Your Business Needs
Before choosing an employee leasing company, ensure you take stock of your company’s needs. Does the leasing firm offer solutions to the challenges your business is facing?
Look at different facets of your business, including payroll, risk management, and human resources, to set a stage for settling with a qualified partner.
Perform a Background Check
Vet the employee leasing firm to look at their qualifications, history, and experience. Know the number of businesses they partner with, the employees they represent, and their client retention rate. You want an employee leasing firm that has successfully worked with other businesses before.
Evaluate the Leasing Company’s Technology
The purpose of an employee leasing firm is to make your life easier. Although the leasing company is responsible for employees, efficient technology ensures the employees can access services quickly.
If the employees are satisfied with the leasing company, you will have motivated workers who will help push your business forward.
Why Partner with Us
If you are a business owner in Pennsylvania and looking to partner with a great employee leasing company, you have all the reasons to choose NetPEO. We build personal relationships with our clients and provide you with employees who want to see your business succeed.
Our high client retention rate is a testament that we offer the best employee leasing services in Pennsylvania. Contact us by filling out this form to get started.