Benin CFA 16,000,000.00 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 16,000,000.00 in Benin in 2023 will cost a total of CFA 19,844,005.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 18,564,005.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 16,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 16,000,000.00 | |||
| + | Employee Bonus | CFA 800,000.00 | ||
| + | Payroll overhead | CFA 40,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 16,840,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 56,000.00 | ||
| + | Company Car | CFA 131,200.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 187,205.00 | ||
| Vacancy Advertising | CFA 32,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 40,000.00 | ||
| + | Relocation | CFA 560,000.00 | ||
| + | External Recruitment Agency | CFA 240,000.00 | ||
| + | Tertiary Payroll | CFA 56,000.00 | ||
| + | Legal | CFA 136,000.00 | ||
| + | Administration | CFA 208,000.00 | ||
| = | Total Recruitment Costs | CFA 1,280,000.00 | ||
| Office Setup | CFA 1,200,000.00 | |||
| + | Office Running | CFA 48,000.00 | ||
| + | Telecomms | CFA 28,800.00 | ||
| + | Technology Resource | CFA 68,000.00 | ||
| + | Line Manager | CFA 192,000.00 | ||
| = | Total Facilities Costs | CFA 1,536,800.00 | ||
| = | Total Recruitment and First Year Cost | CFA 19,844,005.00 | ||
| = | Total Cost of Ongoing Employment | CFA 18,564,005.00 |
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 16,000,000.00 in 2023
| CFA 16,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 800,000.00 | Annual Employee Bonus in 2023 |
| = | CFA 16,800,000.00 | Benin: Total Cost of Employee in 2023 |
CFA 16,000,000.00 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 16,000,000.00 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