Forums: Discussions for entrepreneurs and small business.

I wouldn`t thing this would be good for morale or employee loyalty, although I do see the benefit for the company financially.  Folks don`t like to be fired, no matter what or who will take them once it`s done.  It`s also a bad thing for their resumes unless you call it something like downsizing or a layoff.

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DeBorah Beatty The Rainbow Factory, www.tiedye2000.com

Hit the button too soon, what I meant to say was -

 May also open you up for a wrongful termination suit.


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DeBorah Beatty The Rainbow Factory, www.tiedye2000.com

Actually, those were some of my concerns when looking at this arrangement.  The truth is that I dont actually fire them.  It is all in the wording.  What happened is that this company "Co-employeed" them.

As far as employee moale and loyalty, the feedback has been good thousfar.  The employees now have access to major medical plans and 401k.  I was not able to offer this before.

The reason I am posting here is because I keep looking for the hook because it almost seems too good to be true, but so far no one has any negatives.

Dear Jerry Junkyard, Thanks for the info. I am just setting up my own business and I wouldnt have to layoff anyone. Good luck.

Flip-It

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FLIP-IT

OK, I have been using PML`s professional employer organization (PEO) services now since Oct of 2006.  I am vary happy thous far despite my initial scheptisism.  My workers comp rates have been lowered.  My payroll is a sinch and their staff of HR experts are exceptional.

One thing that I didnt expect when going into this type of arrangement was the plethra of health benefits available.  They have 11 large group health programs and each employee can pick a different plan.  Truely Awsome.

Just FYI for users following this thread.

Terry

I think tiedye2000 is totally correct, in this employee leasing the employee loyalty is somehow a bit impossible because employees go where there is lots of works. But it's good for the company financially.

http://offshoreleasedstaff.com/

It will depend to your resources, especially your financial thing. It would be nice to lease if you have a huge money.

Leased employees

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The thing is your not really firing your employees. You are just getting all of their hr done through another company so it makes it easier on your part. They do not have the job to hire or fire you, but only take care of the hr. Having a PEO is an advantage.

 

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This idea is not much employee friendly, however company can make good profitability.Choice is all yours.

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peo services

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