Benin CFA 20,000,000.00 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 20,000,000.00 in Benin in 2023 will cost a total of CFA 24,574,235.77 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 22,974,235.77 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 20,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 20,000,000.00 | |||
| + | Employee Bonus | CFA 769,230.77 | ||
| + | Payroll overhead | CFA 50,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 20,819,230.77 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 70,000.00 | ||
| + | Company Car | CFA 164,000.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 234,005.00 | ||
| Vacancy Advertising | CFA 40,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 50,000.00 | ||
| + | Relocation | CFA 700,000.00 | ||
| + | External Recruitment Agency | CFA 300,000.00 | ||
| + | Tertiary Payroll | CFA 70,000.00 | ||
| + | Legal | CFA 170,000.00 | ||
| + | Administration | CFA 260,000.00 | ||
| = | Total Recruitment Costs | CFA 1,600,000.00 | ||
| Office Setup | CFA 1,500,000.00 | |||
| + | Office Running | CFA 60,000.00 | ||
| + | Telecomms | CFA 36,000.00 | ||
| + | Technology Resource | CFA 85,000.00 | ||
| + | Line Manager | CFA 240,000.00 | ||
| = | Total Facilities Costs | CFA 1,921,000.00 | ||
| = | Total Recruitment and First Year Cost | CFA 24,574,235.77 | ||
| = | Total Cost of Ongoing Employment | CFA 22,974,235.77 |
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 20,000,000.00 in 2023
| CFA 20,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 769,230.77 | Annual Employee Bonus in 2023 |
| = | CFA 20,769,230.77 | Benin: Total Cost of Employee in 2023 |
CFA 20,000,000.00 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 20,000,000.00 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