Benin CFA 60,000,000.00 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 60,000,000.00 in Benin in 2023 will cost a total of CFA 76,415,005.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 71,615,005.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 60,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 60,000,000.00 | |||
| + | Employee Bonus | CFA 5,000,000.00 | ||
| + | Payroll overhead | CFA 150,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 65,150,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 210,000.00 | ||
| + | Company Car | CFA 492,000.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 702,005.00 | ||
| Vacancy Advertising | CFA 120,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 150,000.00 | ||
| + | Relocation | CFA 2,100,000.00 | ||
| + | External Recruitment Agency | CFA 900,000.00 | ||
| + | Tertiary Payroll | CFA 210,000.00 | ||
| + | Legal | CFA 510,000.00 | ||
| + | Administration | CFA 780,000.00 | ||
| = | Total Recruitment Costs | CFA 4,800,000.00 | ||
| Office Setup | CFA 4,500,000.00 | |||
| + | Office Running | CFA 180,000.00 | ||
| + | Telecomms | CFA 108,000.00 | ||
| + | Technology Resource | CFA 255,000.00 | ||
| + | Line Manager | CFA 720,000.00 | ||
| = | Total Facilities Costs | CFA 5,763,000.00 | ||
| = | Total Recruitment and First Year Cost | CFA 76,415,005.00 | ||
| = | Total Cost of Ongoing Employment | CFA 71,615,005.00 |
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 60,000,000.00 in 2023
| CFA 60,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 5,000,000.00 | Annual Employee Bonus in 2023 |
| = | CFA 65,000,000.00 | Benin: Total Cost of Employee in 2023 |
CFA 60,000,000.00 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 60,000,000.00 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