Benin CFA 10,000,000.00 Salary - Recruitment and Employment Costs Example
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Published on: 2023-04-19 10:46:30
Last modified: 2023-04-25 13:35:43
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Introduction
This page provides an example of the recruitment costs for a new member of staff employed and paying taxes in Benin in 2023. The calculations also provide an illustration of the ongoing costs of employment in 2023. This example of employment costs is for illustration only, you can use the True Cost of Employment in Benin calculator to refine the calculations to suit your own recruitment budget and business budget/overhead.
Benin Cost of Recruitment and Employment in 2023 Calculations
Snapshot: A new employee earning CFA 10,000,000.00 in Benin in 2023 will cost a total of CFA 12,490,740.29 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 11,690,740.29 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 10,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 10,000,000.00 | |||
| + | Employee Bonus | CFA 588,235.29 | ||
| + | Payroll overhead | CFA 25,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 10,613,235.29 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 35,000.00 | ||
| + | Company Car | CFA 82,000.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 117,005.00 | ||
| Vacancy Advertising | CFA 20,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 25,000.00 | ||
| + | Relocation | CFA 350,000.00 | ||
| + | External Recruitment Agency | CFA 150,000.00 | ||
| + | Tertiary Payroll | CFA 35,000.00 | ||
| + | Legal | CFA 85,000.00 | ||
| + | Administration | CFA 130,000.00 | ||
| = | Total Recruitment Costs | CFA 800,000.00 | ||
| Office Setup | CFA 750,000.00 | |||
| + | Office Running | CFA 30,000.00 | ||
| + | Telecomms | CFA 18,000.00 | ||
| + | Technology Resource | CFA 42,500.00 | ||
| + | Line Manager | CFA 120,000.00 | ||
| = | Total Facilities Costs | CFA 960,500.00 | ||
| = | Total Recruitment and First Year Cost | CFA 12,490,740.29 | ||
| = | Total Cost of Ongoing Employment | CFA 11,690,740.29 |
Benin Employer Payroll Obligations in 2023 Calculations
The table below provides an example of the payroll obligations and cost in Benin for an emplyee earning CFA 10,000,000.00 in 2023
| CFA 10,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 588,235.29 | Annual Employee Bonus in 2023 |
| = | CFA 10,588,235.29 | Benin: Total Cost of Employee in 2023 |
CFA 10,000,000.00 Salary - Recruitment and employment costs examples for alternate tax years
Select an alternate tax year to see how the cost of employment for an employee earning CFA 10,000,000.00 per annum in Benin has changed over time.
You can access more examples, find detailed instructions on how to calculate the cost of an employee in Benin here