Payroll & Benefits in Australia
Outsource your payroll and mandatory benefits in Australia.
Our Reliable Payroll Management
Trusted Payroll Management in Australia
Reliable administration of payroll operations in Australia, safeguarding the confidentiality and precision of your data. We adhere to current regulations to deliver punctual payroll services.
Our services encompass the oversight of compulsory contributions including housing funds, unemployment insurance, maternity benefits, work injury compensation, medical insurance, and retirement pensions.
Cloud Storage
Your payroll data is securely stored and regularly updated on Microsoft Azure's cloud platform for reliable access.
Private Server
Our dedicated in-house server ensures the daily backup of your data, maintaining its security and stability.
Physical Data Storage
In line with Australian legal requirements, we also manage hard copies of your information for complete record-keeping.
Service Details: Payroll Process
- A personal account manager is designated for each client.
- The client gathers necessary materials.
- EOR Australia presents policies and an online portal.
- Onboarding documents are established, including:
- Work calendar
- Routine processes: monthly, annual, and staff onboarding/offboarding
- Standard templates: employment agreement, payment notification, data exchange form, staff registration form
- Additional benefits and salary framework
- The client’s payroll policies and templates are integrated into the EOR Australia system.
- EOR Australia is furnished with individual and payroll specifics for each employee by the client.
- EOR Australia inputs the employee data into the system.
- Access to the online portal is provided to the client and their employees.
- EOR Australia informs clients about any updates in government regulations.
- Clients notify EOR Australia of any alterations in compensation packages.
- EOR Australia issues a payment notice to the client.
- The client reviews and settles the payment notice.
- .Salary paid to employee/s
- Mandatory benefits and individual income tax paid for for the staff.
- The online portal is refreshed with the latest information.
The client and EOR Australia agree on the work calendar for the upcoming year.
EOR Australia sends an annual salary report, which includes information on offboarded employees, to the client.
The client verifies the annual salary report.
EOR Australia forwards the revised report to the government authorities.
The government issues updates to the social security and housing fund policies.
EOR Australia informs the client about the latest changes in government policies related to social security and housing funds.
EOR Australia incorporates the newly updated policies into its system.
Upon request, EOR Australia deletes the data of offboarded employees from the system.
- The client issues a service termination notice.
- The client and EOR Australia agree on the process for transferring accounts, materials, and information.
- Both the client and EOR Australia establish an offboarding plan for the employees, involving their resignation.
- EOR Australia provides the client with a final payment notice that includes any historical balances.
- The client verifies and completes the final payment.
- EOR Australia delivers the accounts, materials, and information to the client.
- EOR Australia returns any remaining deposit balance to the client.
Manage Benefits, Bonuses, and Taxes with Ease
Our Payroll Service
Our Payroll Service allows all EOR Australia clients to manage their payroll records securely through our online portal.
- Detailed Social Contribution Summary
- Clear Income Tax Calculation
- Accessible Pay-slip Records
- Organized Service Invoices
- Up-to-Date Employee Labor Contract Info
- EOR Australia Account Manager Support
Payroll Calculations & Gov Compliance:
- Detailed Account of Employee Contributions
- Determination of Employer's Average Salary for Social Insurance Contributions Base
- Filing of Required Government Payroll Documents
- Comprehensive Reporting of Payroll Expenses
Payroll Updates:
- Dedicated Account Manager
- Multilingual Communication
The social insurances
Essential Social Benefits in Australia:
Our payroll management covers key social benefits in Australia, including pension, medical insurance, and housing funds.
Pension Fund
Both workers and companies are obligated to contribute to the pension fund, with employers typically contributing a larger share based on the city's regulations.
Medical Insurance
By law, employers must offer basic health insurance to employees for emergencies, with a standard employer contribution of about 2% of the employee's salary.
Housing Fund
Employers are also required to contribute to the housing fund for Australian nationals, which is considered an individual account rather than a collective pool.
Avoiding the HR Bureau
Navigating HR Regulations:
In Australia, following wage and hour regulations is vital for preventing legal issues and financial penalties. EOR Australia takes care to meticulously log and arrange all payroll processes, ensuring clarity and compliance.
Frequently Asked Questions
An EOR helps businesses hire employees in Australia without needing a local entity, while a PEO provides HR services like payroll and benefits management for businesses that already have a legal entity in Australia.
The hiring process in Australia can vary greatly depending on the complexity of the position, the industry, and the company’s specific hiring practices. However, a general timeline might include job advertisement (1-2 weeks), application review and shortlisting (1-2 weeks), interviews and assessments (1 week), reference checks and final selection (1 week), and the offer and onboarding process (1-2 weeks). So, it could take anywhere from 4 to 6 weeks or more to hire an employee in Australia.
Yes, a foreign company can hire employees in Australia without a local entity by partnering with an EOR. The EOR acts as the legal employer and takes care of all the local compliance, payroll, and employment matters on behalf of the foreign company. This allows the foreign company to hire and manage employees in Australia without the need to establish a local legal entity.
An EOR helps manage the payment of social security and taxes for employees in Australia by registering the company for Pay As You Go (PAYG) withholding for income tax and ensuring that the correct amount of tax is deducted from employee wages. The EOR also manages the payment of the Superannuation Guarantee, which is a compulsory retirement savings contribution that employers must make for their employees. The EOR ensures that these payments are made in compliance with Australian laws and regulations.
If an employee in Australia is injured at work, the employer is required to follow the country’s workers’ compensation laws, which provide for the payment of benefits to employees who suffer a work-related injury or illness. The employer should report the injury to the relevant authorities and to their workers’ compensation insurer. The employee may be entitled to receive medical treatment and compensation for lost income during the recovery period. The specific process and benefits can vary by state and territory, as workers’ compensation is regulated at the state level in Australia.
Under the National Employment Standards (NES) in Australia, full-time and part-time employees are entitled to a minimum of 4 weeks of paid annual leave per year. This is a baseline requirement, but modern awards or enterprise agreements may provide for more than this minimum entitlement. Some employees may receive between five to six weeks of paid annual leave based on their employment conditions. Employees accrue annual leave entitlements based on their ordinary hours of work.
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Our Offices
Sydney
2 Bligh St, Sydney NSW 2000, Australia
Brisbane
Santos Place, Turbot St, Brisbane QLD, Australia
Melbourne
39 Martin Place, Melbourne VIC, Australia
Canberra
10 London Circuit, Canberra ACT 2601, Australia
Darwin
10 Darwin Boulevard, Darwin NT 0800, Australia
Perth
10 Perth Avenue, Perth WA 6000, Australia