Benin CFA 36,000,000.00 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 36,000,000.00 in Benin in 2023 will cost a total of CFA 44,090,384.31 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 41,210,384.31 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 36,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 36,000,000.00 | |||
| + | Employee Bonus | CFA 1,241,379.31 | ||
| + | Payroll overhead | CFA 90,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 37,331,379.31 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 126,000.00 | ||
| + | Company Car | CFA 295,200.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 421,205.00 | ||
| Vacancy Advertising | CFA 72,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 90,000.00 | ||
| + | Relocation | CFA 1,260,000.00 | ||
| + | External Recruitment Agency | CFA 540,000.00 | ||
| + | Tertiary Payroll | CFA 126,000.00 | ||
| + | Legal | CFA 306,000.00 | ||
| + | Administration | CFA 468,000.00 | ||
| = | Total Recruitment Costs | CFA 2,880,000.00 | ||
| Office Setup | CFA 2,700,000.00 | |||
| + | Office Running | CFA 108,000.00 | ||
| + | Telecomms | CFA 64,800.00 | ||
| + | Technology Resource | CFA 153,000.00 | ||
| + | Line Manager | CFA 432,000.00 | ||
| = | Total Facilities Costs | CFA 3,457,800.00 | ||
| = | Total Recruitment and First Year Cost | CFA 44,090,384.31 | ||
| = | Total Cost of Ongoing Employment | CFA 41,210,384.31 |
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 36,000,000.00 in 2023
| CFA 36,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 1,241,379.31 | Annual Employee Bonus in 2023 |
| = | CFA 37,241,379.31 | Benin: Total Cost of Employee in 2023 |
CFA 36,000,000.00 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 36,000,000.00 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