Benin CFA 12,000,000.00 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 12,000,000.00 in Benin in 2023 will cost a total of CFA 14,683,005.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 13,723,005.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 12,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 12,000,000.00 | |||
| + | Employee Bonus | CFA 400,000.00 | ||
| + | Payroll overhead | CFA 30,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 12,430,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 42,000.00 | ||
| + | Company Car | CFA 98,400.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 140,405.00 | ||
| Vacancy Advertising | CFA 24,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 30,000.00 | ||
| + | Relocation | CFA 420,000.00 | ||
| + | External Recruitment Agency | CFA 180,000.00 | ||
| + | Tertiary Payroll | CFA 42,000.00 | ||
| + | Legal | CFA 102,000.00 | ||
| + | Administration | CFA 156,000.00 | ||
| = | Total Recruitment Costs | CFA 960,000.00 | ||
| Office Setup | CFA 900,000.00 | |||
| + | Office Running | CFA 36,000.00 | ||
| + | Telecomms | CFA 21,600.00 | ||
| + | Technology Resource | CFA 51,000.00 | ||
| + | Line Manager | CFA 144,000.00 | ||
| = | Total Facilities Costs | CFA 1,152,600.00 | ||
| = | Total Recruitment and First Year Cost | CFA 14,683,005.00 | ||
| = | Total Cost of Ongoing Employment | CFA 13,723,005.00 |
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 12,000,000.00 in 2023
| CFA 12,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 400,000.00 | Annual Employee Bonus in 2023 |
| = | CFA 12,400,000.00 | Benin: Total Cost of Employee in 2023 |
CFA 12,000,000.00 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 12,000,000.00 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