What is employee for lease?

What is employee for lease?

When an organization depends upon consultancy agencies or individual consultants for obtaining the required number and kind of employees for organization on lease basis, the employee are known as lease employee. These employees will work for the organization. Leasing company will collect the fee & other charges from industries & pay the salaries and provide benefits to the employees. The Leasing Company will pay complete salary and benefits to the employees irrespective of the number of days that the employee is sent to organization on lease. This type of agreement is beneficial to the company is having limited budget as they can utilize the expert advice & service of most competent human resources.