America Counts: Stories Behind the Numbers Businesses Lease Cars, Office Space, Furniture and … Workers Since the industrial revolution, businesses have strived to streamline operations to maximize employee productivity and minimize costs. They embraced automation, a popular way to modernize workflows and production processes, but it was not enough. Enter California businessman Marvin R. Selter, who in the late 1960s popularized a concept that gave businesses a way to avoid employment taxes and other costs: lease — not hire — employees. How would it work? Leasing firms would provide the leased workforce and handle all the human resources, payroll, and employee benefit functions for the client, but the client would still maintain day-to-day management of the workers. The concept took off. Between 1992 and 2017, the number of people working for employee leasing firms skyrocketed 682% from 341,884 to 2.7 million. Continue reading to learn more about: - Growth in employee leasing
- Profile of the nation's PEOs
- Leased employees are counted differently
- Who's leased and who's not?
- Which data should we use?
|
No comments:
Post a Comment