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Employee Leasing Employee leasing is a way to increase employee benefits, reduce the mounds of paperwork and eliminate keeping up with government regulations and forms. Stop worrying about insurance claims, avoid the constant headaches of employee payroll, reduce costs and get back to doing what you do best - running your company. Employee leasing is not a new concept, it has been around since the mid-eighties. Because of the constant changes in government regulations due to the rising costs of employee benefits, employee leasing has emerged in the mid-nineties as the viable alternative to managing the costs and time associated with the administration of payroll and benefits to the employee. Leasing employees is a whole new way of thinking about your business. Leasing is a contractual agreement between the PEO (Professional Employer Organization) such as PRI Business Services, and the employer. PRI assumes the risk and responsibilities of employee payroll and the administration of benefits. This means PRI pays the employee and the employment taxes associated with the employee. It can also include all responsibilities for workers compensation and unemployment compensation, medical insurance programs, long & short term disability insurance, and 401K savings plans. PRI also assumes the responsibility of all reporting requirements mandated by the state and federal government. This would eliminate your need to spend hours reading and trying to comprehend the endless changes the government makes regarding employees. If you have ever had to pay a fine, you know the value of this service. And if you ever needed, PRI could be your representative at a workers or unemployment compensation hearing. In addition, PRI may even lower your costs for workers compensation fees by combining your employees with others, the cost is reduced. If you have not been able to offer your employees benefits such as 401K plans or health benefits, they would have the opportunity as a part of PRI. Just imagine, more benefits to your employees without the paperwork. The employee continues to report to you and take direction from you; you just eliminate all the paperwork associated with employee administration. Your company writes one check per pay period that covers payroll, benefits and taxes. PRI does the rest. PRI offers more than just payroll and administrative services, PRI can assist you or your human resource person with developing policies, procedures and job descriptions for your employees. PRI can even help you create an employee handbook, or review the one you currently have. PRI is there to offer you professional guidance and assistance for all your human resource needs. By bundling all of these services into one convenient package with a fee based on a percentage of gross wages, your company will be able to control costs, save time, provide professional regulatory and legislative compliance, provide better and comprehensive benefits to your employees and free your time to do what you do best - running your company and improving the bottom line. Employee leasing makes sense. It's easy and everyone benefits, you, your employees and your business.
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