Thursday, February 17, 2011

Employment Leasing - Human Resources Management Related

Managing the human resources aspect of any business or company can be a daunting task, which is why the new trend for many businesses is to procure the services of a professional employer organization that provides employment services and employment leasing. These types of organizations can handle much of the work of the HR department from a secondary location, including administration of employment benefits, payroll and accounting needs, risk management, compliance with regulatory guidelines, hiring, firing, and more.

Benefits of this Service

For many businesses, operating a human resources department is expensive - and many just do not have the money in their budgets for such a department whatsoever. A dedicated human resources department puts a demand on the company's time and resources - and this type of employment leasing or outsourcing of services can enable the business to have accountants, human resource managers and other HR staff at their disposal without the worry of hiring a full time person for the job. And since the employment service employment leasing services are comprehensive, it is like the business has its own account and HR manager without the expense that would be incurred to hire these two positions out in a more traditional format. For businesses that are looking to grow, this type of service can be invaluable and can help make the business more profitable.

Trained Personnel

One major advantage of these types of services is that you will have trained staff for your HR needs and you'll no longer be alone in your quest to manage the human resource needs of your business. Some of the responsibilities that an employment service employment leasing company can handle include:

- Payroll and payroll tax calculations
- Cutting checks for employees or managing electronic deposits to employee accounts
- Recruiting employees
- Handling employee's health insurance, life insurance and other benefits
- Managing of employee's IRAs or 401Ks
- Employer liability management
- Regulatory compliance
- Government compliance
- Risk management
- Selection of staff
- Termination of employees who are not performing
- Other HR administrative tasks as assigned

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