How To Hire New Remote Employees | Ivory Coast

The Ivory Coast's financial freedom score is 61.6, ranking it at 76 in the 2022 Index. Ivory Coast is categorized as the 4th of 47 countries in Sub-Saharan Africa, it has a general score more significant than the zonal and universal standards. From 2017, the country's financial growth steadily rose at a six percent rate. The country’s investment freedom and tax burden have risen, it currently has four favorable trade agreements and an 8.2 % tariff rate. Government spending and tax burden are strong. Pro-business policies and significant private investment in mining, agribusiness, light production, services, housing, and farming have fueled recent massive financial expansion in the country. There are no rules that restrict foreign investment in most industries, credit distribution is dependent on market conditions and has expanded to promote private industry and wealth creation. 

1 January- New Year's Day

18 April- Easter Monday

27–28 Apr- Laylat al-Qadr

1 May- Labour Day

2–3 May- Eid al-Fitr

26 May- Ascension Day

6 June- Whit Monday

10–11 July- Eid al-Adha

8 August- Cote d'Ivoire Independence Day

15 August- Assumption of Mary

7–8 October- Prophet's Birthday

1 November- All Saints' Day

15 November- National Peace Day

25 December- Christmas Day

The Ivory Coast's minimum wage is government-mandated. No employee is eligible for lesser compensation than the minimum pay rate. 

The payroll in the country is done monthly, weekly, hourly, daily, or bi-weekly.

Annual leave

A full-time employee is entitled to 22 days of leave. Parents are eligible for an extra leave day per year for 14 years since the birth of their child.

Maternity Leave

Female employees are allowed 26-day annually paid maternity leave, as long as they have worked for a year and more. After five employment years, they can receive a 27-day annual paid maternity.

Paternity Leave

There are no mandatory paternity leave guidelines in the Ivory Coast.

Sick Leave

Employees are eligible for five days of paid sick leave.

When a company terminates a work contract, it is required to pay severance compensation to the worker if the individual has been retained continually for a year 

Notice Period

The notice periods are dependent on the length of the working period

• Eight days for employees who have worked for six months;
• 15 days for employees who have worked for six months to a year.
• One month for employees who have worked for one to six years.
• Two months for employees who have worked for six to 11 years.
• Three months for employees who have worked for 11 to 16 years.
• Four months for employees who have worked for more than 16 years.

Severance

Workers are eligible for severance based on the employment period as follows:

Employees are generally eligible for severance as follows:

• Up to five employment years - 30% of normal pay.
• Six-10 employment years - 35% of normal pay.
• More than 10 employment years - 40% of average pay.

Probationary Period

The Ivory Coast's probation periods are:

• Eight days – hourly-paid workers.
• One month – monthly paid workers
• Two months – technicians and administrators.
• Three months – senior executives, technicians, and administrators.