Benin CFA 40,000,000.00 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 40,000,000.00 in Benin in 2023 will cost a total of CFA 50,276,671.67 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 47,076,671.67 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 40,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 40,000,000.00 | |||
| + | Employee Bonus | CFA 2,666,666.67 | ||
| + | Payroll overhead | CFA 100,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 42,766,666.67 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 140,000.00 | ||
| + | Company Car | CFA 328,000.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 468,005.00 | ||
| Vacancy Advertising | CFA 80,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 100,000.00 | ||
| + | Relocation | CFA 1,400,000.00 | ||
| + | External Recruitment Agency | CFA 600,000.00 | ||
| + | Tertiary Payroll | CFA 140,000.00 | ||
| + | Legal | CFA 340,000.00 | ||
| + | Administration | CFA 520,000.00 | ||
| = | Total Recruitment Costs | CFA 3,200,000.00 | ||
| Office Setup | CFA 3,000,000.00 | |||
| + | Office Running | CFA 120,000.00 | ||
| + | Telecomms | CFA 72,000.00 | ||
| + | Technology Resource | CFA 170,000.00 | ||
| + | Line Manager | CFA 480,000.00 | ||
| = | Total Facilities Costs | CFA 3,842,000.00 | ||
| = | Total Recruitment and First Year Cost | CFA 50,276,671.67 | ||
| = | Total Cost of Ongoing Employment | CFA 47,076,671.67 |
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 40,000,000.00 in 2023
| CFA 40,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 2,666,666.67 | Annual Employee Bonus in 2023 |
| = | CFA 42,666,666.67 | Benin: Total Cost of Employee in 2023 |
CFA 40,000,000.00 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 40,000,000.00 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