Employee management is a business function in which companies staff their business operations with competent workers. Two options for obtaining employees are through leasing or temporary agencies.
Facts
Employee leasing is when a subscribing company will transfer employees to a leasing company for a period of time. Temp agencies typically find talented individuals and hire them in their company. The agency will then send these individuals out to companies for job opportunities.
Features
Through employee leasing, the lessee will pay the subscribing company for the services these individuals provide. The subscriber will retain the employee expenses and taxes. Temp agencies will also retain the payroll expenses and taxes for temp workers.
Considerations
Leasing employees must go back to the subscribing company once the lease period is over. While temp workers can go back to the agency, companies will often have the option to hire them directly if they believe the individual adds value to the company.
