Benin CFA 30,000,000.00 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 30,000,000.00 in Benin in 2023 will cost a total of CFA 38,434,777.73 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 36,034,777.73 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 30,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 30,000,000.00 | |||
| + | Employee Bonus | CFA 2,727,272.73 | ||
| + | Payroll overhead | CFA 75,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 32,802,272.73 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 105,000.00 | ||
| + | Company Car | CFA 246,000.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 351,005.00 | ||
| Vacancy Advertising | CFA 60,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 75,000.00 | ||
| + | Relocation | CFA 1,050,000.00 | ||
| + | External Recruitment Agency | CFA 450,000.00 | ||
| + | Tertiary Payroll | CFA 105,000.00 | ||
| + | Legal | CFA 255,000.00 | ||
| + | Administration | CFA 390,000.00 | ||
| = | Total Recruitment Costs | CFA 2,400,000.00 | ||
| Office Setup | CFA 2,250,000.00 | |||
| + | Office Running | CFA 90,000.00 | ||
| + | Telecomms | CFA 54,000.00 | ||
| + | Technology Resource | CFA 127,500.00 | ||
| + | Line Manager | CFA 360,000.00 | ||
| = | Total Facilities Costs | CFA 2,881,500.00 | ||
| = | Total Recruitment and First Year Cost | CFA 38,434,777.73 | ||
| = | Total Cost of Ongoing Employment | CFA 36,034,777.73 |
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 30,000,000.00 in 2023
| CFA 30,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 2,727,272.73 | Annual Employee Bonus in 2023 |
| = | CFA 32,727,272.73 | Benin: Total Cost of Employee in 2023 |
CFA 30,000,000.00 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 30,000,000.00 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