Benin CFA 72,000,000.00 Salary - Recruitment and Employment Costs Example
Sponsor: None [Sponsor Enquiry]
Published on: 2023-04-19 10:46:30
Last modified: 2023-04-25 13:35:43
Rating: ★★★★★ [ No Votes yet, be the first ]
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 72,000,000.00 in Benin in 2023 will cost a total of CFA 88,970,732.27 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to CFA 83,210,732.27 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning CFA 72,000,000.00 in Benin in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | CFA 72,000,000.00 | |||
| + | Employee Bonus | CFA 3,272,727.27 | ||
| + | Payroll overhead | CFA 180,000.00 | ||
| + | Payroll Costs (Social Security etc.) | CFA 0.00 | ||
| = | Total Payroll Costs | CFA 75,452,727.27 | ||
|---|---|---|---|---|
| Employer Pension Contribution | CFA 0.00 | |||
| + | Private Healthcare | CFA 252,000.00 | ||
| + | Company Car | CFA 590,400.00 | ||
| + | Shares (% of Base Salary) | CFA 5.00 | ||
| = | Total Employee Benefits Costs | CFA 842,405.00 | ||
| Vacancy Advertising | CFA 144,000.00 | |||
| + | Employee Referral | CFA 0.00 | ||
| + | Travel and Accomodation | CFA 180,000.00 | ||
| + | Relocation | CFA 2,520,000.00 | ||
| + | External Recruitment Agency | CFA 1,080,000.00 | ||
| + | Tertiary Payroll | CFA 252,000.00 | ||
| + | Legal | CFA 612,000.00 | ||
| + | Administration | CFA 936,000.00 | ||
| = | Total Recruitment Costs | CFA 5,760,000.00 | ||
| Office Setup | CFA 5,400,000.00 | |||
| + | Office Running | CFA 216,000.00 | ||
| + | Telecomms | CFA 129,600.00 | ||
| + | Technology Resource | CFA 306,000.00 | ||
| + | Line Manager | CFA 864,000.00 | ||
| = | Total Facilities Costs | CFA 6,915,600.00 | ||
| = | Total Recruitment and First Year Cost | CFA 88,970,732.27 | ||
| = | Total Cost of Ongoing Employment | CFA 83,210,732.27 |
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 72,000,000.00 in 2023
| CFA 72,000,000.00 | Annual Employee Salary in 2023 | |
| + | CFA 3,272,727.27 | Annual Employee Bonus in 2023 |
| = | CFA 75,272,727.27 | Benin: Total Cost of Employee in 2023 |
CFA 72,000,000.00 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 72,000,000.00 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