Benin CFA 50,000,000.00 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 50,000,000.00 in Benin in 2023 will cost a total of CFA 61,595,838.33 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 57,595,838.33 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 50,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 50,000,000.00 | |||
| + | Employee Bonus | CFA 2,083,333.33 | ||
| + | Payroll overhead | CFA 125,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 52,208,333.33 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 175,000.00 | ||
| + | Company Car | CFA 410,000.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 585,005.00 | ||
| Vacancy Advertising | CFA 100,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 125,000.00 | ||
| + | Relocation | CFA 1,750,000.00 | ||
| + | External Recruitment Agency | CFA 750,000.00 | ||
| + | Tertiary Payroll | CFA 175,000.00 | ||
| + | Legal | CFA 425,000.00 | ||
| + | Administration | CFA 650,000.00 | ||
| = | Total Recruitment Costs | CFA 4,000,000.00 | ||
| Office Setup | CFA 3,750,000.00 | |||
| + | Office Running | CFA 150,000.00 | ||
| + | Telecomms | CFA 90,000.00 | ||
| + | Technology Resource | CFA 212,500.00 | ||
| + | Line Manager | CFA 600,000.00 | ||
| = | Total Facilities Costs | CFA 4,802,500.00 | ||
| = | Total Recruitment and First Year Cost | CFA 61,595,838.33 | ||
| = | Total Cost of Ongoing Employment | CFA 57,595,838.33 |
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 50,000,000.00 in 2023
| CFA 50,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 2,083,333.33 | Annual Employee Bonus in 2023 |
| = | CFA 52,083,333.33 | Benin: Total Cost of Employee in 2023 |
CFA 50,000,000.00 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 50,000,000.00 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