Employee leasing is a temporary employment arrangement. It’s
the practice of supplying workers or contractors on a temporary
basis. Often, this is a project-based practice with a definite time
frame, and a start and an end date. Employee leasing is most often
associated with staffing terms, although they get mixed up with
to PEOS and HR Outsourcing.
When a company hires staff through a staffing company that
uses employee leasing, the staffing firm provides workers to the
clients who do the work at the client’s place of business. Once
the project, time frame, or contract is complete, the workers
return to the staffing company which is their actual employer.
Employee leasing is a popular option for business owners
who needs fresh workers for a set time frame.
A common strategy is 85% Full Time and 15% Temping is
used. A popular choice for employers who do not want to
worry about HR administrative tasks and regulatory
compliance associated with hiring contractual or temporary
workers. Leased staff are considered employees of the
company that leased the human resource.