In an employee leasing arrangement, an organization that leases all or part
of its workforce on a long-term basis from a third party (typically an employee
leasing company/professional employer organization (PEO)). The potential benefits
for the client company associated with this type of arrangement include reduced
administrative costs, access to risk management services like safety and loss
control, and higher-quality, more cost-effective employee benefits. See also
Employee leasing company.
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