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So you want to hire someone in Australia. Problem is, your company is located somewhere else.
If you’ve done some research, you’ve probably been told you should be using an Employer-of-Record (EOR). Why? Well, if your company isn’t located in Australia, using an EOR can help you bypass the traditional obstacles to hiring full-time employees.
But there’s a catch: EOR solutions in Australia are expensive—usually at least $500 per month per employee—and can take time to set up. And because you’re complying with a different set of labor laws, logistics and benefits can end up costing you lots of time and money. While they will save you time from setting up your own Australian entity, they’re rarely cheap or fast.
The good news? There’s another way to hire remote workers in Australia, and it doesn’t involve forking out huge amounts of money for an EOR.
The solution: Hire your teammates in Australia as contractors. If you’re hiring remotely and your teammates have autonomy, there’s a good chance you can make compliant contractor hires. You still have to use locally-compliant contracts, but the process is a lot easier, more affordable, and faster.
We built Thera to help you make contractor hires, in 150+ countries (like Australia). So you can hire the people you want on your team, without paying thousands for an EOR. You can get set up in a couple of clicks—and you’ll only pay $49 per contractor per month.
It’s just as easy as it sounds. No catch. Here’s what Thera looks like vs. an EOR in Australia:
Are you considering hiring independent contractors abroad but unsure of the legal and regulatory conditions in Australia? Look no further than an Employer of Record (EOR) to help you navigate the complexities of hiring in this country. In this post, we'll break down everything you need to know about using an EOR in Australia, including any specific legal or regulatory conditions you should be aware of.
An EOR is a third-party company that acts as the legal employer of your workers, handling all payroll, benefits, and compliance issues. This allows you to hire workers in a foreign country without having to set up a legal entity or navigate local employment laws.
When it comes to hiring in Australia, there are several legal and regulatory conditions that you should be aware of. For example, all employees are entitled to a minimum wage, which varies depending on their industry and level of experience. Employers are also required to provide certain benefits, such as paid vacation time and sick leave.
In addition, employers must comply with the Fair Work Act, which outlines the rights and responsibilities of both employers and employees. This includes provisions for minimum working conditions, termination of employment, and workplace health and safety.
While using an EOR can certainly simplify the process of hiring in Australia, it may not always be the best option. For example, if you only need to hire a few workers for a short-term project, it may be more cost-effective to hire independent contractors instead. This would allow you to avoid the fees associated with using an EOR and give you more flexibility in terms of hiring and managing your workers.
We’ve got two pieces of good news for you. For one, if you’re hiring remotely, it’s unlikely you’ll misclassify your contractors. Many of the things that qualify people as employees, such as company equipment and set working hours, don’t typically apply to remote work.
Still, it’s helpful to have the comfort of knowing you’re not at risk for misclassification. That’s why, at Thera, we’ve launched Misclassification Assurance: so you can hire contractors abroad, worry-free. Learn more about hiring with Thera below.
If you’re hiring contractors, you’re probably spending too much time on their payroll, contracts, and tax documents. Which is why we built Thera, which saves you 90% the time you spend on contractor paperwork each month.
With Thera, you can compliantly hire your contractors in 150+ countries, onboard them in minutes, and pay them all at once (in a click). It’s global contractor payroll, finally simplified.
Sound interesting? Click here to book a demo and see the platform firsthand
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