Offshore Employee Leasing Option: A Boon for Beleaguered
Employers
Most of the employers cutting across geographical boundaries go
through the common - even though too an unwanted - process of
hiring new employees, training and investing in them only to
later find some such employees ditch them for another company(s)
with, perhaps, better benefits and attractive incentives.
Employees in America are switching jobs at a rate not seen in
the past three years, according to the third quarter 2005 survey
on the manpower statistics conducted by the American Institute
of Human Resource Management.
A total of 240 companies participated in this survey, covering
over 98,000 employees. The overall turnover rate in the third
quarter of 2005 was 1.92%, higher than the second quarter and
8.64% higher when compared with the same period last year. The
Information Tech. (14.7%) and Retail (12.5%) sectors recorded
the highest turnovers.
What choices do an average employer really have? Go through the
same painful ordeal of hiring new employees, training them only
to later find such a thing take place once again! One solution
to such a problem can be: Employee Leasing. There are two major
kinds of Employee Leasing: Onshore and Offshore Employee
Leasing. Onshore Employee Leasing company is a Professional
Employment Organization (PEO). A PEO provides employees, and
since these are the direct employees of Employee Leasing
Company, a PEO saves the operating company the money that it
otherwise may have to spend for creating an HT department for
the purpose of hiring and managing employees. In order to
provide financially conservative solutions and make profits,
Onshore Employee Leasing Company often excludes or avoids hiring
excellent salaried workers.
What's Offshore Employee Leasing? Offshore Employee Leasing is
nothing but a gradual development and smart progression of an
old idea that has been in existence since the last few years. In
a layman's language, one can say that Offshore Employee Leasing
is the hiring of new or additional work force from abroad at
much cheaper rates, and, possibly on less obligatory and more
accommodating and liberal terms.
Of all recruiting options and all professional employment
organizations, the Offshore Employee Leasing is the best option
of hiring employees, as it gives one the best value for one's
money at little or no obligations. Since the work force, by and
large, are highly qualified and competent professionals from
countries like India, and since they are often hired at cheaper
rates, the hiring company stands to gain a lot from such an
excellent system.
How employee leasing
works, know more : http://www.vtlglobal.com