Business Documentation
Employee contracts from R500.00.
1. Permanent Contracts
Description: These contracts offer indefinite employment, with benefits such as paid leave and retirement contributions.
Typical Costs: Employers bear costs related to salaries, benefits, and contributions to the Unemployment Insurance Fund (UIF) and the Compensation Fund.
2. Fixed-Term Contracts
Description: These contracts are for a specific duration or project completion. They are often used for temporary positions.
Typical Costs: Similar to permanent contracts but may not include all benefits. The cost can vary widely depending on the contract length and employee role.
3. Casual Contracts
Description: Employed on an ad-hoc basis without guaranteed hours. Common in industries like hospitality and retail.
Typical Costs: Generally lower than permanent contracts; employees are paid hourly without additional benefits.
4. Part-Time Contracts
Description: Employees work fewer hours than full-time staff, often with pro-rated benefits.
Typical Costs: Costs depend on hours worked but typically include reduced benefits compared to full-time employees.
5. Independent Contractor Agreements
Description: Freelancers or self-employed individuals provide services under specific terms without being classified as employees.
Typical Costs: Employers do not pay benefits; however, they may incur fees for services rendered based on project scope.