Innovations have sparked a lot of changes in business processes across every sector. There are now new needs that must be addressed, giving rise to fresh concepts that provide more effective solutions. In the outsourcing and offshoring sectors, staff leasing is fast becoming a thing.
Staff leasing is a business model that gives companies, including business startups, an option to outsource a workforce through a Professional Employer Organization (PEO). The employees are managed by a team leader placed by the client but are governed by their own business policies and performance targets. It appears to be a more flexible way to hire professionals who can take care of specialized tasks and back office processes.
Staff leasing has also opened doors to more cost-effective options in running the business. This kind of process has given rise to seat leasing in shared office spaces, which also allows the team to reap the benefits of working in a shared space.
If you want to know more about staff leasing and its pros and cons, this infographic can be of great help.