Benin's financial freedom score is 61.0, ranking it at 81 in the 2022 Index. Benin is categorized 6th of 47 countries in Sub-Saharan Africa, it has a general score greater than the zonal and universal standards. From 2017, the country retained positive financial development with a five percent compound growth rate. Over five years, economic freedom has risen by 1.8 points and as such, it is categorized as "Moderately Free". Government spending and monetary freedom scores are strong. 

The minimum wage is calculated depending on the legal hours worked, CFA 2400/year for farm laborers, and CFA 40 hours/week for other employees. Benin has a minimum salary established by the government. No employee in Benin can be compensated less than the statutory minimum wage. Companies in Benin that do not pay the minimum wage may face a penalty from the Benin government.

For employees whose salaries are determined by the hour, the payment interval cannot take 15 days. For employees who are paid monthly, the payment interval cannot take surpass one month. Monthly payments are due within eight days of the end of the month.

Annual leave

A full-time worker's yearly paid leave obligation is 24 official days, with rises at rates including

•  2 extra days after 20 years.
• 4 extra days after 25 years.
• 6 extra days after 30 years.

Maternity Leave

Female workers can receive six weeks paid leave pre-birth and eight weeks post-birth, with the employer and social insurance splitting the payment.

Paternity Leave

Fathers receive a 3-day paid paternity leave.

Sick Leave

Employees who have worked for less than two years in a company can receive a 6 month paid sick leave. Employees who have worked for more than two years can receive a 12-month sick leave.

Employees who have worked five or fewer years in a company can receive 3-months at full reimbursement and 3-months at half reimbursement.

Employees with more than five years of employment can receive full reimbursement for 6 months.

Companies can dismiss an employee for justified purposes such as:

• Organization closure or financial difficulties
• The lack of the capacity to maintain employment
• Employee health
• Organizational or technical alterations
• Competence or deeds

Notice Period

The notice time in Benin is:

• Hourly workers are eligible for 15 days' notice.
• Employees and laborers are eligible for a month's notice.
• Administrators and managers are eligible for a 3 months notice.

Severance

Employees are allowed severance pay, the compensation amount is based on the period of employment:

• First 5 employment years –30% of average monthly pay.
• 6 -10 employment years – 35% of average monthly pay.
• More than 10 employment years – 40% of average monthly pay. 

Probationary Period

In Benin, the probation period extends to 3 months.