Benin CFA 52,000,000.00 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 52,000,000.00 in Benin in 2023 will cost a total of CFA 64,951,828.53 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 60,791,828.53 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 52,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 52,000,000.00 | |||
| + | Employee Bonus | CFA 3,058,823.53 | ||
| + | Payroll overhead | CFA 130,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 55,188,823.53 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 182,000.00 | ||
| + | Company Car | CFA 426,400.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 608,405.00 | ||
| Vacancy Advertising | CFA 104,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 130,000.00 | ||
| + | Relocation | CFA 1,820,000.00 | ||
| + | External Recruitment Agency | CFA 780,000.00 | ||
| + | Tertiary Payroll | CFA 182,000.00 | ||
| + | Legal | CFA 442,000.00 | ||
| + | Administration | CFA 676,000.00 | ||
| = | Total Recruitment Costs | CFA 4,160,000.00 | ||
| Office Setup | CFA 3,900,000.00 | |||
| + | Office Running | CFA 156,000.00 | ||
| + | Telecomms | CFA 93,600.00 | ||
| + | Technology Resource | CFA 221,000.00 | ||
| + | Line Manager | CFA 624,000.00 | ||
| = | Total Facilities Costs | CFA 4,994,600.00 | ||
| = | Total Recruitment and First Year Cost | CFA 64,951,828.53 | ||
| = | Total Cost of Ongoing Employment | CFA 60,791,828.53 |
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 52,000,000.00 in 2023
| CFA 52,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 3,058,823.53 | Annual Employee Bonus in 2023 |
| = | CFA 55,058,823.53 | Benin: Total Cost of Employee in 2023 |
CFA 52,000,000.00 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 52,000,000.00 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