Sometimes, it is more beneficial to your company to lease an employee than to hire outright. Employee leasing in Florida is handled through a contract between your company and a leasing company. This agreement provides that the individual is an employee of both companies simultaneously, but you and the leasing companies have separate responsibilities to the individual.
One of the best ways to do this is to work with a Professional Employer Organization (PEO). Through this arrangement, you can offer the employee a better benefits package, and you can access the PEO for other resources as well.
Control
Under this arrangement, you and the PEO are co-employers. You retain the right to supervision, assignments, hiring, and firing. The PEO offers benefits and handles HR matters. This is not outsourcing. If you simply outsource, the HR company works for you, and you still need to acquire all the insurance benefits. As a co-employer, the PEO offers those perks, and since they are a large company, they have access to a variety of benefits packages and qualify for substantially discounted rates.
Separate Functions
Your role is managing the employees’ workload and running your business operation. The PEO has no voice in how you operate your company. The PEO takes on those administrative functions that you have mutually agreed to. Generally, this includes benefits package provisions and payroll, tax withholding, and processing claims.
This arrangement has the advantage of you complying with all state and federal laws and providing an exceptional benefits package that should prove to attract and retain better employees.
Human Resources
Some of the options for the Human Resources component of this arrangement include:
- Recruiting – The PEO can suggest ways to make your hiring process more efficient, help develop better job descriptions, and provide advice on identifying the best recruits.
- Administration – You will have access to employee manuals, drug testing, verification, and other issues. They can work with your in-house HR department or function solo.
- Training – Through seminars, online classes, and other methods, your management team will have access to the latest techniques in management and employee relations.
- Planning – Working with you, the PEO can offer top-level strategic planning to afford your company a solid footing in the community and prepare it for future expansion.
As an effective management team, you and your PEO can provide exceptional benefits and place your company in a better position for successful operation.
Please call us today at (407) 272-1976 or contact us for a free Florida insurance quote.