The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is EMPLOYEE LEASING

Subscribing firm arranges a leasing firm, specialings in human resource management, payroll accounting, and risk administration, to take on the subscriber’s employees, then lease the employees back. The subscribing firm pays a higher amount for their services than their salaries at the time of transfer. The leasing firm’s liabilities are now the salaries, benefits, taxes, and other expenses of these employees.

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