Editor’s Note: This post is by Paul Slezak, Cofounder and CEO of RecruitLoop – the World’s largest marketplace of expert Recruiters and Sourcers available on-demand.
There are various ways to do outsourcing nowadays, and one that is gaining traction is staff leasing.
In staff leasing, an organization outsources its workforce through a Professional Employer Organization (PEO), assisting them with the process of acquiring people for functions like administrative tasks or highly technical skills.
Another difference is that traditional outsourcing companies are managed by their own internal management team. In staff leasing, the client primarily manages the offshore team through a team leader working alongside the remote staff. This means that the client also defines the KPI and policies for the staff leased.
If you’re still undecided whether to try staff leasing for your business or to stick with traditional outsourcing, it’s best to look at the benefits you can enjoy first.
- You can divide the task and decide on the budget, allowing you to understand better which tasks to prioritize based on your business objectives.
- You can achieve flexibility and growth in a low-cost environment since you’ll be saving on direct and indirect staff costs like payroll, HR, facilities, and many others.
- Through a PEO, you have access to an existing HR framework with a seamless HR process, making sure that the department and its functions aren’t overlooked. An established HR policy also allows your business to attract top talent.
- Delegating tasks like back-office support to the offshore team will make your local offices more streamlined and efficient, so they have time to focus on the critical functions that foster growth.
Perhaps you’re now more inclined to adopt this practice. Now that you understand the advantages, it’s time to consider trialing the process of staff leasing. In this infographic created by our friends at Booth and Partners, you will learn the actions needed to outsource specific business functions, as well as pick up some suggestions on how to make staff leasing work for you.