Benin CFA 56,000,000.00 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 56,000,000.00 in Benin in 2023 will cost a total of CFA 69,454,005.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 64,974,005.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 56,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 56,000,000.00 | |||
| + | Employee Bonus | CFA 2,800,000.00 | ||
| + | Payroll overhead | CFA 140,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 58,940,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 196,000.00 | ||
| + | Company Car | CFA 459,200.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 655,205.00 | ||
| Vacancy Advertising | CFA 112,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 140,000.00 | ||
| + | Relocation | CFA 1,960,000.00 | ||
| + | External Recruitment Agency | CFA 840,000.00 | ||
| + | Tertiary Payroll | CFA 196,000.00 | ||
| + | Legal | CFA 476,000.00 | ||
| + | Administration | CFA 728,000.00 | ||
| = | Total Recruitment Costs | CFA 4,480,000.00 | ||
| Office Setup | CFA 4,200,000.00 | |||
| + | Office Running | CFA 168,000.00 | ||
| + | Telecomms | CFA 100,800.00 | ||
| + | Technology Resource | CFA 238,000.00 | ||
| + | Line Manager | CFA 672,000.00 | ||
| = | Total Facilities Costs | CFA 5,378,800.00 | ||
| = | Total Recruitment and First Year Cost | CFA 69,454,005.00 | ||
| = | Total Cost of Ongoing Employment | CFA 64,974,005.00 |
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 56,000,000.00 in 2023
| CFA 56,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 2,800,000.00 | Annual Employee Bonus in 2023 |
| = | CFA 58,800,000.00 | Benin: Total Cost of Employee in 2023 |
CFA 56,000,000.00 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 56,000,000.00 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