Benin CFA 18,000,000.00 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 18,000,000.00 in Benin in 2023 will cost a total of CFA 23,224,505.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 21,784,505.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 18,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 18,000,000.00 | |||
| + | Employee Bonus | CFA 1,800,000.00 | ||
| + | Payroll overhead | CFA 45,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 19,845,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 63,000.00 | ||
| + | Company Car | CFA 147,600.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 210,605.00 | ||
| Vacancy Advertising | CFA 36,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 45,000.00 | ||
| + | Relocation | CFA 630,000.00 | ||
| + | External Recruitment Agency | CFA 270,000.00 | ||
| + | Tertiary Payroll | CFA 63,000.00 | ||
| + | Legal | CFA 153,000.00 | ||
| + | Administration | CFA 234,000.00 | ||
| = | Total Recruitment Costs | CFA 1,440,000.00 | ||
| Office Setup | CFA 1,350,000.00 | |||
| + | Office Running | CFA 54,000.00 | ||
| + | Telecomms | CFA 32,400.00 | ||
| + | Technology Resource | CFA 76,500.00 | ||
| + | Line Manager | CFA 216,000.00 | ||
| = | Total Facilities Costs | CFA 1,728,900.00 | ||
| = | Total Recruitment and First Year Cost | CFA 23,224,505.00 | ||
| = | Total Cost of Ongoing Employment | CFA 21,784,505.00 |
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 18,000,000.00 in 2023
| CFA 18,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 1,800,000.00 | Annual Employee Bonus in 2023 |
| = | CFA 19,800,000.00 | Benin: Total Cost of Employee in 2023 |
CFA 18,000,000.00 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 18,000,000.00 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