Unraveling the EOR Mystery: Your Curiosities Answered
The vast majority of businesses can use our Employer of Record service in South Africa. Naturally, we vet all our clients to ensure that we are working with the right calibre of client from an industry and credit perspective.
The most common use cases are:
There are 3 employer contributions to pay;
All in all, we make provision for c.3.5% in employer contributions.
There are optional additional employer costs, such as medical aid and pension, that are at the full discretion of the employer. We can add these on as part of packages; this certainly helps attract the best-caliber talent.
In addition to the salary and benefits/variable compensation, we charge a fixed and clear amount to our clients. We run a strict no surprises policy, but this cost really is variable from client to client depending on requirements.
We tell clients to budget for 10% of the gross cost, with a minimum amount per staff member.
South African pay cycles are monthly, and payday falls on the 25th of the month (or the working day immediately after).
We will bill you a single amount from the UK in your local currency.
We get preferential FX rates and know how painful FX can be, but if you insist, we can bill you in South African Rand.
If it is GBP, we will take payment from you on payday by direct debit. If it is another currency, we will require payment to have hit our account by payday.
We have a per-payroll charge of £25, which covers the cost of our same-day transfers to staff in South Africa.
South African policy is to encourage foreign business investment in the country. As such, they understand the requirement for robustness when it comes to data security, IP, and confidentiality. So do we.
Why are South African Employer of Record services so beneficial to companies across the UK & Europe, Canada, the USA, Australia, New Zealand.
Hiring the right staff is crucial for the success of any business, and this holds particularly true in South Africa, a country with its own unique socio-economic landscape and labor laws.