CPE or Contract Period Employment
CPE is an alternative low risk, low cost employment solution for you to employ PAYG and sole trader contractors directly into your business. The solutions come with the bonus of employer of choice packaging options to assist you to engage the best quality contractors.
The old question and risk of "when is a contractor not a contractor", and "when are they my employee" can be easily be solved via the outsourcing of contract period employment "CPE" of contractors to OneVendor.
How does CPE work for you as an employer?
In simple terms OneVendor takes on the PAYG employment of the contractor for the period of your contract with them, and covers all key areas including
- Administration and invoicing
- Pay rolling
- Work cover
- PI/PL insurance
- Payroll tax liabilities
- Superannuation distribution, including non standard distribution's
- Financial reporting
- E time sheeting (if required)
All covered by one minimal fee for service.
Why would companies use the CPE service?
As part of company's contractor strategy many like to use a combination of recruitment agency provided contractors and direct contractors. CPE does not interfere with your agency supply arrangements and simply provides an alternative if you employ contractors directly. The service ensures there is a clear line between you as the employer and the independent contractor, while also
- Lowering your costs and time of administration and payroll costs
- Ensuring the appropriate contractor insurances are in place
- Lowering your reportable PAYG staffing levels
- Branding you as an employer of choice with various salary packaging options you can offer contractors
- Removing placement and/or extension fees.
LAFHA - salary optimisation and tax allowance facilitation
This service assits you in providing the ATO's "Living Away From Home Allowace' which can dramatically increase contractors (and seconded or relocating employees) take home pay when they change work locations, at no cost to you.
Currently many employers do not provide the option of LAFHA to employees because they simply do not have the capacity, resources, or in-house knowledge of the complex regulations that apply. The amount of variance per individual and per pay period can be extensive; thus making the provision of the allowance a time consuming and complicated process. OneVendor specialises in salary optimisation services and has the expertise and experience to undertake this process for you, saving you time and resources, while ensuring regulatory compliance.
This service ensures:
- No additional workload for HR and minimal change for PR
- No change to existing systems
- Full compliance with tax and immigration requirements and regulations
- No cost you to
- No reportable FBT liability to you
- No change to employee status/current employment
This service helps you concentrate on the macro, not the micro, of payroll, and is an effective hiring strategy, and a good way to bind the contractors to you..
Master Vendor Contractor management, administration and payroll solutions
Tailored solutions for individual organisations.
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