Benefits
1. What are some of the advantages of Agency Contracting to your business?
- No payroll tax payments or administration costs.
- No workers compensation payments or administration costs.
- No unfair dismissal laws. Unfair dismissal laws do NOT APPLY to Agency contracting.
- No administration of employee compulsory Superannuation (this is administered by the agency).
- No compulsory payment of penalty rates on awards.
- Contractors work on a negotiated rate.
- Each contractor (worker) is accountable for his/her performance on a daily basis.
- Business relationship and attitude of the people working in your business.
- Total flexibility, contracts custom made to suit your workplace requirements.
- All contractors are fully insured with a $10million public liability & Workers Compensation.
2. What are the advantages of Agency Contracting for workers?
- Under an agency contracting arrangement, the people working for your business are self-employed entities who contract their services through the agency.
- No contract exists directly between client and contractor.
- As agency contractors, they qualify to choose pay the standard Pay as You Go (PAYG) system or a flat rate of 20%.
- Taxation disincentives such as higher tax rates payable on overtime or second jobs do not apply to agency contractors.
- Agency contractors are able to receive more money in their hand after tax and also have the freedom to provide their work services with flexibility.
- The most noticeable benefit for workers who take advantage of agency contracting is in the attitude to their work.
- Pride, incentive and a sense of accomplishment and self worth all add up to ensure the best possible result for both the contractor and the client.
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Industrial Relations Resolution Methodology
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The Benefits of Agency Contracting
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