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 HR 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.
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 HR 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.
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