Employee leasing companies are flourishing in Miami, Fl due to the real estate market surge. Employee leasing companies are the preferred method of human resource management for many construction and construction related businesses in Miami, Fl. This is mostly due to the employee liability protection employee leasing provides. Construction companies can outsource employee liability through employee leasing programs. The Employee leasing company, also known as a PEO or professional employer organization, “hires” the employees from the client company and becomes the employer of record. The company provides workers’ compensation insurance for the employee and manages all claims. The PEO also handles all human resource functions including payroll, payroll taxes, and regulatory compliance. Companies in Miami, FL are choosing to outsource their human resource departments through employee leasing to cut costs and streamline business operations. The client company can enjoy all of the benefits of having a full human resource department without the added cost of office space and dedicated salaries to human resource professionals. The fact that the real estate market has been on fire in Miami, FL has increased the need for PEO’s. Smaller contractors and roofers have increased business which has increased hiring of workers. Many of these smaller roofers and contractors in Miami, FL do not have the knowledge or time to manage human resource obligations for new employees. Employee leasing companies make it easier for these companies to maintain compliance with employment laws while still having the time to manage business operations and current projects. Employee leasing companies are flourishing in Miami, FL due to the hot real estate market and show no signs of slowing down anytime soon.
