Consider Employee Leasing

Stephanie in Atlanta handles all of the business aspects of her husband’s law firm, and they are considering outsourcing their HR activities.

QUESTION: Stephanie in Atlanta handles all of the business aspects of her husband’s law firm, and they are considering outsourcing their HR activities. Dave suggests employee leasing.

ANSWER: I don’t want you outsourcing hiring and firing at 12 people. That’s a family business. You need to hire people you want to see every day because you are going to be seeing them every day.

I do outsource our payroll to a payroll company. But that’s just the production of the payroll, because I don’t want to mess with the withholding and all that junk. They withhold for healthcare and 401(k) and stuff like that on behalf of our people. That is all outsourced that way. They don’t manage our 401(k), and they don’t manage our health plan. But we’re 310 people, not 12.

When my company was your size, I went through a period of time where we did a thing called employee leasing. That will enable your employees to maybe get into a better healthcare situation. You might investigate employee leasing. But be very careful with that so that you’re not paying for stuff you’re not utilizing. The hiring and firing you always keep in-house.

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