Anyone have experience with a PEO or Leasing your employees?

PEO on Entreprenuer.com 

Leased Employees

Definition: Workers who are officially employed by a professional employer organization, which is responsible for overseeing all HR-related functions, but who actually perform all work for your company.
We have been approached by ADP, Paychex and Prime about this product or arrangement.  It seems intriguing. but new idea like this are always scary.  

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Comment by Adam Barish on December 4, 2012 at 3:35pm

They propose to take over liability for our existing staff.  Our people would in theory work for both companies from what I understand.  The biggest savings is in benefits.

Comment by Gregory Gershman on December 4, 2012 at 3:32pm

Are they proposing to get you new employees, or take over liability for the ones you have?

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