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How To Hire New Remote Employees | Mali

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Mali

, easily

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Mali

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Mali

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capital city
Mali
currency
West African CFA franc (CFA, XOF)
language spoken
French
payroll frequency
Weekly, bi-weekly, and monthly
employer taxes
3.5%
vat - standard rate
18%
cost of living index
West African CFA franc 162,159.98
gdp - real growth rate
-1.6% (2020)
termination process
Varies
employee protections
Moderate
capital city
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currency
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language spoken
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payroll frequency
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employer taxes
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vat - standard rate
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cost of living index
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gdp - real growth rate
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termination process
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employee protections
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Overview

Mali's financial freedom score is 55.9, ranking it at 114 in the 2022 Index. Mali is categorized as 18th of 47 countries in Sub-Saharan Africa, it has a general score greater than the zonal standards. From 2017, the country's financial growth slowed, rose in 2019, fell in 2020, and recovered in 2021. The government enhances economic diversity and overall financial growth, thus, monetary freedom is strong.

Public Holidays

20 January- Armed Forces Day

26 March- Martyrs' Day in Mali

18 April- Easter Monday

1 May- Labour Day

2–3 May- Eid al-Fitr

10–11 July- Eid al-Adha

22 September- Mali Independence Day

7–8 October- Prophet's Birthday

16–17 October- Prophet's Baptism

26 December- Christmas Day

Minimum wage

In Mali, the minimum wage is government-mandated, no employee is eligible for lesser compensation than the minimum pay rate. Companies in Mali that do not meet the minimum wage requirement can be sued.

Payroll cycle

The payroll is done monthly, weekly, and bi-weekly.

Taxation

In Mali, there are now two income tax rates: 30% and 3%.

Leaves

Annual leave

A full-time worker's monthly paid leave obligation is 2.5 days monthly which is equivalent to  30-days of annual paid leave, including working weekdays and weekends. 

Maternity Leave

Female employees that have worked for 9 months are allowed a 14-week unpaid maternity leave and can receive six weeks unpaid and eight weeks unpaid leave post-birth. However, for eligibility, the employees must possess the required documents.

Paternity Leave

Male employees are entitled to  seven days of paid paternity leave.

Sick Leave

Workers are eligible for paid sick leave if they present the healthcare provider's certificate. Particular sick-leave rates are not established. 

Termination process

A company can cancel an employment contract when it ends, with or without grounds. A company may end a fixed-term agreement, but the worker is eligible for mandatory compensation under the law. Either party may stop a permanent contract with a written notice. If the company decides to end after three months of work, they must notify the Labor Inspector. The notice period length should be the same as the probation period.

Notice Period

If collective contracts lack, the duration of the notice period is: 

  • Eight days for daily or weekly paid workers.  
  • One month for monthly paid workers.
  • Two months for supervisors and transformed workers. 
  • Three months for directors and administrators. 

Severance

Workers are eligible for severance pay of 20% to 30% of the monthly payment based on the employment duration.

Probationary Period

In Mali, the probation period is six months.

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