Hire a remote team in Cote d'Ivoire

Hiring a remote team in a country as Cote d'Ivoire comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Cote d'Ivoire. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Cote d'Ivoire with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Cote d'Ivoire, particularly if you don't have established local relationships. You can hire employees in Cote d'Ivoire effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Cote d'Ivoire.As an employer of record, we help you hire employees and run payroll services in Cote d'Ivoire, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Cote d'Ivoire.It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.If you wish to hire a remote team in Cote d'Ivoire or individually hire remote employees in Cote d'Ivoire, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.Send us a message so we can talk about how Rivermate’s Employer of Record Cote d'Ivoire services can best help your company!

3. Hire a remote team in Cote d'Ivoire

Ivory Coast is a tiny African nation on West Africa's southern coast. Beach resorts, jungles, and a French-colonial past enhance the country. The country's economy is now stable and developing; it is mostly market-based and heavily reliant on agriculture. The nation is the world's biggest cocoa grower and exporter, one of the top three cashew producers and exporters, and a notable coffee and palm oil exporter. The country's economy is the biggest in the West African Economic and Monetary Union.

4. Cost of living in Cote d'Ivoire

Ivory Coast's cost of living is $845, which is 1.1 times less costly than the global average. Ivory Coast scored 91st out of 197 nations in terms of cost of living and 163rd in terms of quality of life.In Ivory Coast, the average after-tax wage is $121, which is enough to meet living costs for 0.1 month.Why does living in Ivory Coast cost seven times the average salary? Because we have a reference point of a developed nation lifestyle, and sustaining such a quality of living in certain least developed countries is difficult and costly. As a result, living expenses in Ivory Coast fluctuate dramatically for natives and foreigners.

5. Cost of renting in Cote d'Ivoire

The cost of living in the Ivory Coast is reasonable; nevertheless, the cost of living may vary based on region and lifestyle. Cities are somewhat more costly than towns and rural places. Utilities, transportation, and consumables are essentially same throughout the country—the trick to increasing your living expense in cities is to increase your lodging cost. The table below provides an overview of the average cost of living in the Ivory Coast.The cost of renting an apartment varies substantially based on its size, kind, and location. A 1-bedroom apartment in Ivory Coast's city center costs about 522.00 USD per month, while a 3-bedroom apartment in the city center costs around 1,520.00 USD per month. The most expensive places to stay are in Yamoussoukro, the capital city, and Abidjan, the largest city.

6. Major industries in Cote d'Ivoire

The government has been able to mitigate the effect of the COVID-19 epidemic because to solid pre-crisis fundamentals, relative economic diversification, and appropriate fiscal easing.Agriculture is the mainstay of the Ivory Coast's economy. The government is attempting to increase agricultural productivity by establishing raw material processing plants. The primary sector accounts for more than one-fifth of total GDP.The oil business has been prominent in recent years, owing to a consistent growth rate and large investments.The government is aiming to improve the primary industrial sectors, including as food processing, textiles, fertilizer, building materials, tuna canning, and various automobile and bicycle assembly.The tertiary industry in Ivory Coast has risen quicker in recent years. The telecommunications industry is thriving, and it, along with other industries like as transportation, tourism, retail commerce, and construction, contribute significantly to the economy. The services sector accounts for around 45% of GDP.

7. Hiring cost in Cote d'Ivoire

When your company need labor, the cost of recruiting might be a major consideration. Hiring in a foreign nation requires extensive study into talent availability and cost-per-hire. Hiring costs vary based on location, cost of living, total spending, and availability of desired skill sets. Several costs might have an influence on your recruiting project, including as- Advertising expenses- Cost for the interview process, screening process, etc. - Onboarding cost- Training cost- Administrative costs

8. Employment laws Cote d'Ivoire

'- The Ivory Coast's employment regulations are straightforward, yet the authorities have considerable influence.- In Ivory Coast, a well-documented job contract is required. A work contract includes information about working hours, probationary period, termination process, working days, and statutory leave.- In Ivory Coast, there is no official labor code. The majority of the country's employment-related standards and laws are included in the country's constitution. (Act 2015-532 of July 20, 2015, enacting the Labor Code)- Employment interactions are likewise governed under the Interprofessional Collective Agreement 1977.- Ivory Coast employment and labor law addresses issues such as: - General labor market trends and latest/likely trends in employment litigation - Redundancies, business transfers and reorganizations - Business protection and restrictive covenants - Discrimination protection - Protection against dismissal - Statutory employment protection rights (such as notice entitlements, whistleblowing, holidays, leave, etc.) - Worker consultation, trade union and industrial action - Employee privacy

9. Top skills Cote d'Ivoire

The work market in Ivory Coast is dynamic. Continuous expansion of the industrial and manufacturing sectors necessitates the employment of a large number of qualified experts—there are many work possibilities for entry-level to seasoned professionals. The following industries are major employers in Ivory Coast:- Textile- Food processing- Finance and Banking- Automobile- Agro Commodity- Sales and MarketingAbidjan is the country's economic hub and one of the most populous French-speaking towns in Africa. This is also the country's most industrialized area. This city has the majority of work possibilities in the fields of:- Electricity- Telecommunication and ICT- Banking System- Transportation- TourismYamoussoukro, the nation's legal capital, also provides several career opportunities in the industrial industry. The bulk of job possibilities in the city are in the food processing, forestry, and perfume sectors.Bouaké is the country's second biggest city. The government has launched a number of programs to spur the city's redevelopment. With improved transportation, the city has re-established and is now giving a variety of work opportunities in food processing sectors (such as a cashew processing plant), other agribusinesses, banks, supermarkets, and so on.

10. Economic landscape in Cote d'Ivoire

Despite being affected severely by the COVID-19 epidemic, the Ivory Coast's economy was one of the few in Sub-Saharan Africa to retain growth in 2020. According to the IMF, the country's GDP growth rate would fall to 2.3% in 2020, down from 6.2% in 2019. The IMF predicts that as global circumstances gradually normalize, GDP growth would accelerate to 6% in 2021 and 6.5% in 2022, driven by rising domestic demand.

11. Market size in Cote d'Ivoire

As a lower-middle-income nation, the Ivory Coast's government encourages private-sector-led development. To enable companies to grow, the government has worked hard to enhance its investment environment and construct economic infrastructure.The country invites international investment to develop the secondary and tertiary industries and expand job opportunities. The government also intends to promote long-term and inclusive development via big infrastructure projects suggested by the private sector.

12. Minimum wage in Cote d'Ivoire

The compensation laws of Côte d'Ivoire include a minimum wage that varies by occupation. The minimum wage was last increased in 1994, and the lowest monthly rate is 36,607 CFA francs for industrial workers. Construction workers earn slightly more, and collective bargaining agreements (CBAs) may also affect the wages you must pay employees.Employers are required by the Ivory Coast's Labor Code to pay employees directly or indirectly in cash or in kind. Employees who work 40 hours per week should be compensated 12 times a year, or once a month.