Explanation:

When a Professional Employer Organization or the Leasing Company employs workers for any other business and also manages their HR related functions, the process is known as Employee Leasing.
In order to have an organization work in a proper way, it is important to have a good workforce. But having workforces hired has its own advantages as well as disadvantages. The organizations surely enjoy some of the best advantages of hiring a workforce, but to combat the disadvantages, one of the finest ways to hire the employees on the lease.

The history of staff leasing of contracting staff has its roots somewhere in the 80s and since then it has expanded till the current times. Employee leasing is known to offer a huge tax benefit to the organizations. In addition, leasing company or PEO will also be responsible for managing taxes, payroll, administrative charges, benefits, etc. of the workforce.