1-Minute Interview: Bob Fleming

Printer-friendly versionSend by email

Bob Fleming, president of Classic Remodeling & Construction in Charleston, S.C., has leased his employees for more than five years, saving on insurance costs and paperwork time.

February 01, 2001

Bob Fleming, president of Classic Remodeling & Construction in Charleston, S.C., has leased his employees for more than five years, saving on insurance costs and paperwork time. He recently explained the advantages to Professional Remodeler.

Q: What is employee leasing?

Answer: Employees work for your company, but they’re actually employed by the leasing company. When the paychecks come on Friday, they’re from the leasing company.

The company charges us regular costs, for VICA, health insurance, workman’s compensation and others, which is all added on to the fee per employee that is close to the going rate. There’s also a small fee per week to offset the administration costs for the leasing company.

At the beginning of each week, I call in the previous week’s hours, plus any deductions. They call me back on Wednesday to verify the payroll, and on Thursday, a courier arrives with the paychecks. On Friday, my bank account is debited appropriately, and when that happens, they take care of all the other necessary paperwork.

The leasing company offers advice on how to handle insurance claims. The company we’re with now also has 5,000 employees—they’re a professional HR company that we can rely on, and they offer benefits that we couldn’t, such as a 401(k) plan.

Occasionally the company will make mistakes, and they’ll have to correct them. As long as you work with a company that’s professional and check references, there shouldn’t be many other problems. For those who are control freaks, they may have a hard time at first, but the company can be very helpful, and actually offer you more control in the long run.

Also See:

Employee Leasing

Comments on: "1-Minute Interview: Bob Fleming"

April 2014

This Month in Professional Remodeler

The Wise & Houzz

Ultimate Kitchen Confidential

25 New Products from D&CW 2014

DIGITAL EDITION
Products

The classic Edwardian design features ball and claw feet, available in a number of finishes.

Features

Great leaders have great planning skills. They know how to plan and how to execute a plan successfully.