Should you lease your staff?

The prospect of leasing instead of hiring your staff may sound farfetched, even crazy at first, but more and more successful businesses are finding this arrangement best meets the needs of both the organization and the employees. Employee leasing can be a practical remedy for the tremendous financial burden of employee pension costs and bring many other benefits to everyone involved as well. Of course, before such an arrangement is entered, there are important legal, economic, and practical considerations to be made. The innovative idea of employee leasing is explored here in depth, with special focus on the legal angle. Helpful charts are provided which compare the costs of a defined benefit plan and a leasing arrangement.