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Employee
Leasing
The term
"Employee Leasing" was used in the 1980's and 1990's to describe an
alternative solution for business owners to cost-effectively manage the
administering of employee related matters. This meant the business owner
was able to outsource the un-profitable and time consuming piece of
their business, in turn, allowing them to focus on the growth of the
business. This is what a PEO provider, like MidwestHR, would do for your
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PEO
A PEO is
defined as an organization that provides businesses an integrated and
cost effective approach to the administration of human resources,
employer risk and the management of employee related matters.
The PEO
concept is simple: By creating a "co-employment" relationship with the
employees, employer responsibilities can be allocated between the
business owner and the PEO. By shouldering most of the employee
administration, payroll, human resources, worker's compensation,
employee benefits and more, the PEO enables the on-site employer to
focus on running the business and to achieve greater control and
productivity from their employees
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