What does Employee Leasing mean? Read on to discover the definition & meaning of the term Employee Leasing - to help you better understand the language used in insurance policies.
A permanent staffing method under which an employee leasing company (sometimes called a professional employer organization (PEO) or a labor contractor) provides all or most of its client's employees. The potential benefits associated with this type of arrangement include reduced administrative costs, access to risk management services like safety and loss control, and higher-quality, more cost-effective employee benefits.
We hope the you have a better understanding of the meaning of Employee Leasing.