Through a contractual agreement which is known as “co-employment,” Employee Leasing Solutions provide companies with one central source for all tax, employee and legal compliance issues, as well as the administration of all workers’ compensation, benefits, and unemployment.
Employee Leasing is achieved through the hiring of a Professional Employer Organization (PEO) who in turn takes over all of the functions of employment. This allows you, the business owner, to devote all of your resources toward running and growing your business and allowing you to cut out the hassle of employee-related administrative tasks that don’t add anything to your bottom line.
The PEO company provides complete human resource services to client companies which includes workers’ compensation, payroll services, Fortune 500 benefits and much more. The larger number of individuals under a PEO employment umbrella provides a volume savings in essential series and benefits that often can not be matched by individual companies.
Some Of The Benefits of Working With A PEO:
- Affordable workers’ compensation
- Small contractor programs
- One employee and up
- No deposits/no year-end audits
- Multi-state insurance solutions
At ESI we have the benefit of having connections to many different PEO companies that allows us to find a perfect fit for your company. We are able to serve clients that would otherwise be turned away from many PEOs such as small contractors and sub-contractors — especially roofers, framers, welders and other “high risk” services that will not be accepted by many PEOs.