The biggest problem faced by most small and medium companies lies with their employees. The problem arises when a company don’t have the resources to keep their employees properly taken care of and in the process, looses their staffs to other companies who are able to provide the employee better conditions and perks. In realizing their inability, many small and medium sized companies cooperates with PEO Companies to handle their human resources problems.
PEO Companies are companies that specializes and provides small businessmen with their much need manpower but at the same time relieves the company from all the burden of employing, leaving the company to focus entirely on the day to day running of their business. In short, a PEO Company is in a nutshell a Staff Leasing Company.
A professional company like Elite Business Solutions that provides staff leasing, frees up the business men’s limited resources in handling human resource management by taking over in entirity the handling of their Payroll, Benefit Programs and all the Insurance and Risk Management programs. It can be said that these PEO Companies are the real employer and the businessmen is merely leasing their employees to run his business. In doing so, the businessman can claim that his company has no legal employees, which in a way lessens his commitments in a very substantial way.