Silverpay Company Profile Pdf.
- 2. Introduction: FULLY COMPLIANT CONTRACT MANAGEMENT, PAYROLL AND INVOICING SERVICES Silverpay offer effective Contractor Management Solutions and back office services. Our aim is to make contractors happy, as we strongly believe happy contractors = happy clients. We partner with our clients to help them succeed; many of our clients are award winning recruiters. Contractor Management is not just about payroll and invoicing, contractor care is equally important. That is why Silverpay (Pty) Ltd are offering recruiters the opportunity to availability of our Contractor Care Program Its time to stand out from the crowd! FIVE REASONS TO CHOOSE SILVERPAY Reduced costs & mitigated cost 100% compliant streamlined tailored process Payroll financing Attractive Contractor Care Program Contact our friendly staff today. Silverpay is a proudly South African company. The company was established in 2012 as a contract management practice serving the needs of independent contractors in need of invoicing, tax and payroll services. We have since then grown into a advertising and administrative company as well, who helps the recruitment agencies as well as private companies to advertise their vacancies/jobs on our website. With our database filled with quality CVs of not only contractors but overall job seekers and with over thousands of public views daily Silverpay (Pty) ltd is growing fast and globally. Silverpay isnt your typical contractor management, advertising & Payroll Company. In fact its not your typical company at all. Were a team of enthusiasts who work hand in hand with Recruitment Agencies, Corporations and Contractors to provide the professional administrative services they need to maintain efficient, compliant operations. Our company has built its reputation on trust, integrity and transparency. Silverpay have since evolved into a key player within the sector. We are determined to ensure continued growth and success, our aim is to continue partnering with our clients in their endeavours and efforts to optimise their returns. The combined practical experience and long track record of Silverpay makes us force to be reckoned with.
- 3. We have an excellent team of professionals working in our company who is dedicated to great service, hard work and keeping our clients happy. We understand that having an excellent product and delivering this seamlessly is simply not enough. We pride ourselves on our work ethics, culture and the staff we select to work within our company. We adapt quickly and efficiently to changes in tax and migration legislation as well as the business climate.
- 4. What we offer to Recruitment Agencies & Corporate Companies: Reasons to choose Silverpay: Local & International Contractors We have an existing database of qualified expats/contractors always looking for new contracts/projects or missions. We can assist the agencies with finding the right candidate for the position advertised with no costs. We also assist the agencies with work permits and visas for international contractors who wants to enter the African and South African market. CV Database: We also have an existing database filled with CVs of all occupations of over 20 000+ CVs. If you choose Silverpay (Pty) Ltd, you will not only get access to the CVs of your choice but our team of dedicated staff will help scan through the CVs to avoid all the unsuccessful CVs and spam and make sure you get the correct and updated CVs of the position you advertised and require, AT NO EXTRA COST. Payroll for contractors and temporary employees We take the risk of employing the contractors as well as temporary employees, we payroll them as well as dealing with all the legal aspects regarding their employment, for example: retrenchments and unfair dismissals etc. Assisting agencies with our database in resourcing the right candidate for new job opportunities advertised we have an existing database from local to international contractors to temporary staff to permanent employees. We have the most affordable online packages available to post vacancies/jobs on our website, this package will also include that we at Silverpay source the CVs according to the position advertised to make the search faster and effortlessly easy and quick. What makes us different than Recruitment Company & jobsite? 1. We take the hassle out of searching and scanning through all the unsuccessful CVs. 2. No more spam messages and emails. 3. You will only receive the correct successful and detailed CVs for the position advertised. 4. Nobody can beat our ridiculously affordable online packages. 5. Company brand with logo.
- 5. What we offer our Contractors: Visa and work permit applications We offer you the contractor the complete solution regarding your visa and work permit. We are with you from the beginning until the end. We will support you with all the relative documents to make your process quicker and pain less. Payroll in Countries that needs to be pay rolled We assist you as the contractor with all your payments after all deductions. We would look into methods that have more benefits for you as a contractor. We assist contractors with the African sector and make sure they are fully compliant in all matters. Assisting with all contracts Our contractors will be employed by Silverpay and we will make sure the contractor receives all the benefits we can offer. All the legal requirements will be done by Silverpay as well as all the unnecessary admin and stress. Our contractors can now make sure they can concentrate on the tasks in hand. We look after all your administration. You get the most from your contract income and more time to put your feet up. Silverpay (Pty) ltd will look after the annoying administrative hassles involved in contracting. We will: Raise all your invoices. Pay you promptly. Do your tax return. Set up and handle all contracts and legal documents. Chase your outstanding invoices & monies due. Take care of your tax liabilities. Looking for new contracts when contract expires When the contractors projects expires we will help the contractor in searching for a new project/mission so he would still be able to work in the country that he wants. We will contact all our relative parties and work closely with our contacts to make sure the contractor finds a new mission/project/contract as soon as possible and to avoid loss of income. Notifications off all new contracts in specific job description will be send directly to the contractor that he can make his own calculated decision.
- 6. What we offer to Expats: South Africa We provide visa and work permits under the new legislation of South Africa. We do critical skills checks, assist the contractor with all the relevant documents. Africa We at Silverpay assist you in the most of the African countries, we also do work permits and visas in selected African countries. If we cant assist you in the country of your choice we will find solutions. Payroll We do payroll for major companies, small companies, individuals and independent contractors. With our affordable services and personal assistance we make life easier. Our services include: 1. Annual tax returns 2. Monthly tax payments 3. ERP 5 4. Tax Benefits 5. Tax optimisation
- 7. Testimonials: Hear what our clients have to say Silverpay provides excellent service handling my payroll for the past 5 years. The staff is very knowledgeable and professional. They respond to our questions in a timely manner and provide accurate answers. I would like to express my gratitude for the excellent services that Silverpay provides and I highly recommend Silverpay to anyone that is looking for a professional payroll service with personnel touch. Razlee Bin Abrahim | Huawei Consultant SilverPay delivers its service with efficiency. What they say is what you get even much better. I always get my salary on time with the highest degree of accuracy! Alan Chiwaridzo|Independent Contractor I have been working with Silverpay since 2010. They have a very knowledgeable team who are prompt and driven towards high level of service delivery. Andre possess exceptional leadership and mentoring qualities. I have reached out to him on multiple occasions with regards to expert advice and have always been satisfied. Thank you Andre and the team at Silverpay for your continued support. Nikhil K | Sr. Business Analyst Silverpay made the transition to my new overseas employer both seamless and effortless. I can confidently recommend Silverpay for all your contract management, payroll and invoicing services given their professional approach and strong focus on client service. Adrian Bertrand | Head of Africa, Networks & Global Outreach Principles for Responsible Investment (PRI) Silverpay provides us with the assurance that we are abiding by local market legal requirements and gives employees the benefit of the protection and security afforded by having an employee status in their national jurisdiction, as well as greatly simplifying their tax affairs. We have found the service easy to engage with and responsive to our queries. Craig Fergusson | Associate Director, Human Resources, Unipro I would like to take this opportunity to express our satisfaction with the standard of service, offered to us by qualified and efficient team of SILVERPAY (PTY) LTD. This is the company with high integrity and strong traditional, values focusing on providing the outmost levels of customer satisfaction. We would gladly recommend SILVERPAY (PTY) LTD to anyone asking for reference. Yours faithfully. Pepito Santocildes | Huawei Consultant SilverPay is one of the few companies that respect their clients and abide by all laws and commitments with them, it is also one of the largest companies in the field of payments companies and salaries in the field of petroleum and it has thousands of contractors around the world so, i advise all who are looking for a commitment circumstance and organization to deal with this company. Omar Abdalla | Reservoir Engineer (Independent Contractor)
- 8. The Pros and Cons of Hiring: Employee vs. Independent Contractor: As a small business owner you will need to determine whether to hire full time employees or use independent contractors. Dont make the mistake of thinking they are basically the same thing. They arent. Although you pay both kinds of workers to do tasks for you, they are not viewed the same by the IRS. And if the IRS suspects that you are not classifying your workers correctly, they might audit you. The IRS defines independent contractors in this way: The general rule is that an individual is an independent contractor if the payer has the right to control or direct only the result of the work and not what will be done and how it will be done. So, if you own a restaurant and hire two waiters, they would be employees. However, if you contracted a local handyman to come in as needed to fix anything minor that breaks in your restaurant, they would be an independent contractor even if you pay them hourly. The waiters show up to your place of business and work under you, while the handyman has his own business and simply shows up and fixes things his or her way. There are pros and cons to hiring full time employees and independent contractors. Most small business owners wish to avoid the added overhead of having a slew of employees, but some dont have a choice. Youll need to evaluate your situation to determine what is best for you.
- 9. Advantages to hiring full time employees: When you hire full time employees, they will work for you thirty or more hours a week (fewer hours makes them part-time) and will usually have a long-term commitment to you and your business. The advantages to this type of relationship for you, the employer, are: These employees will feel pride in their position in your company. Most people want the security of a job, but they also want to feel the satisfaction of working for a company that they can call home. They want to feel that they are an important part of the team. If you give them that, they may go the extra mile. The hourly wage for a full time employee is often much less, because they have job security. If you were to hire out for the same work with a freelancer, you can often expect to pay quite a bit more. You dont need to scramble to find help when your workload increases. If you only rely on independent contractors and need urgent help, your favorite freelancer might be booked. Or it might cost you a lot more to hire one last minute. You dont have to wear all the hats of your business yourself. Instead you can delegate tasks permanently to others. This frees up your time to do the tasks best suited for you. You dont need to continually train staff on how you like things done. Your employees know you and can do the work without the need for continual direction. If you want to take a vacation, you can be assured that someone is holding down the fort for you in your absence.
- 10. Disadvantages to hiring full time employees As you consider whether you want to hire full time employees, youll need to consider the downside as well. There are certain requirements that come with having employees: Although it isnt mandatory, most full time employees expect benefits, like health care and vacation time. As you interview potential candidates, they will most likely be interviewing with other companies as well, who offer such benefits. Youll need to pay their salaries like clockwork, even if your business has a lull. In order to cover their paychecks, youll need to have a reserve of money in your bank account. Youll have specific payroll paperwork that is legally required. Along with this, youll need to withhold your employees taxes, social security, and Medicare. You are responsible for your employees training and professional licensing requirements. These vary from state to state.
- 11. Advantages of hiring independent contractors: Small business owners usually prefer to hire freelance workers for jobs when they need help. There are distinct advantages to sticking only to independent contractors: Although you usually pay more per job or per hour, you will most likely save money overall since you arent required to pay them any benefits and do not need to commit to a salary. You have greater flexibility. When you work with an independent contractor and it isnt a good match, you simply dont hire them again. When you have an employee that doesnt work out, you may need to fire them, which isnt always easy. You can hire the right person for the task needed, contracting someone with a specialized service. They often have many years of experience, so you dont need to train them. They are responsible for their own permits and professional licenses.
- 12. Disadvantages of hiring independent contractors: While hiring independent contractors has many advantages, there are some drawbacks as well: You lose some control over how tasks are preformed, because you cant closely monitor their work. You can guide them, but usually they arent on site and will run their business their way. They are hired short term, so you might not get the same worker for the next project. They usually operate on a first term, first serve basis. They have no sense of company loyalty, but are a hired gun for one specific job. They are not part of your staff. They will not promote your brand, but their own. Their work is done under their business name, with their logos, etc. All copyrights will be owned by the independent contractor, unless you draft an agreement stating otherwise.
- 13. Why companies employ IT & other contractors: Permanent IT and some other workers are not necessarily cheaper And despite many contractor beliefs to the contrary, the tendency for companies to avoid contract staff is not always about cost. When a permanent employee is taken on there are lifetime costs to be considered, not simply the salary: Gross salary Employees national insurance Office space Expenses Subsidies (coffee, meals, social events) Sick pay Holiday pay Maternity pay Pension contributions Administration Training Notice period Possible redundancy pay Totting up the costs, even if a contractor is paid two or three times the permanent staff salary, it might still be good value for the company. The contractor benefits by being in control of his or her own costs at the risk price of losing a position without notice and the company benefits by having a well-defined price, no long-tail costs to consider, and being able to hire and fire at will.
- 14. Bottom line: When deciding between outside help and internal staff increases, always keep in mind the additional costs associated with the hiring of employees, and the higher costs of employing a contractor in the long term. Once the cost factor is weighted, remember the intangibles, like flexibility and loyalty, to the organization. To date, our placement ratio is 40 | 60, permanent versus contract placements. Contracting excels when there is a specific, once-off project, with firm timelines. Similarly, if there is unlikely to be any post-project work requirements, then it certainly makes sense to hire a contractor. On the other hand, well-selected permanent employees frequently prove to be more reliable, work harder and offer a higher degree of commitment to the organization. Whether you choose to hire a full-time employee or an independent contractor, remember, it all comes down to finding the right people who fit your organization. Contact us with your specific requirements, to see how Silverpay (Pty) Ltd can help you.
- 15. Last Word: We thank you for your time and your interest in our company. We are looking forward to future business and welcoming you as a new client on board to Silverpay (Pty) Ltd. If you do however, have any more questions or enquiries please do not hesitate to contact us. Office: (021) 981 8885 Email: andre@silverpay.co.za eloise@silverpay.co.za payroll@silverpay.co.za