Hire your remote team in Burkina Faso

Only 499 EUR per employee per month

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Hiring a remote team in a country as Burkina Faso 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)Ā solution helps companies hire remote employees in Burkina Faso. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Burkina Faso with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Burkina Faso, particularly if you don't have established local relationships. You can hire employees in Burkina Faso 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.

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Burkina Faso.

As an employer of record, we help you hire employees and run payroll services in Burkina Faso, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Burkina Faso.

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 Burkina Faso or individually hire remote employees in Burkina Faso, Rivermateā€™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 Rivermateā€™s Employer of Record Burkina Faso services can best help your company!

3. Hire a remote team in Burkina Faso

Burkina Faso, a Sahelian nation in West Africa, with few natural resources and a poor total GDP. With a population of 18.3 million, the economy is mainly on agriculture. Burkina Faso is a landlocked country bordered by Mali, Benin, Niger, Ghana, the Ivory Coast, and Togo. Although gold exports are rising, the country's economy is mostly focused on agriculture, which employs 80% of the people. Burkina Faso still has a number of development issues, particularly in healthcare and education. It presently ranks 144th out of 157 nations in terms of human capital, with 40.1% of its people living below the national poverty line, according to the World Bank's definition. The nation has endured a humanitarian and economic catastrophe as a result of political unrest and instability.

4. Cost of living in Burkina Faso

The average cost of living in a developing nation like Burkina Faso is $808. It is 1.1 times greater than the global average. Burkina Faso ranks 91st in terms of living costs and 176th in terms of quality of life out of 197 nations. A family of four pays $1977 per month in living expenses.

5. Cost of renting in Burkina Faso

Renting expenses are governed by the customer's preferences and lifestyle. The rent of an apartment is affected by its area and size, as well as the city in which it is located. In an expensive region, such as city centers, a one-bedroom apartment may cost roughly US $281.11 (156,666.67 CFA), yet in a low-cost neighborhood, the average rent can be as low as US $112.14. (62,500.00 CFA). Rent for a three-bedroom apartment is expected to cost US $5,382.98 (300,000.00 CFA) in the city center and US $ 233.26 (130,000.00 CFA) in the outskirts.

6. Major industries in Burkina Faso

Agriculture employs around 90% of Burkina Faso's labor force. Cotton textiles are the most important export item. Other agricultural goods include rice, peanuts, sesame, millet, and maize. After agriculture, the handicrafts industry is the population's second largest source of income. Agriculture is the biggest sub-sector (35%), followed by livestock, forestry, and fishing (18%) and commerce, transportation, and communications (13%).

Mining, particularly gold mining, has been a significant export business in recent years. The primary and tertiary sectors continued to dominate the economy in 2011, each with a 38 percent share. Several initiatives have been taken by the government to encourage this industry. Among the development initiatives are the establishment of industrial nurseries, industrial growth and competitiveness centers, and incentives for industrial investment. FDI into the mining industry has skyrocketed. Prospective investors might take use of the country's mineral reserves. Burkina Faso has recently gained attention for its gold, zinc, manganese, and uranium mines.

The area has developed both dependable and competitive mobile and internet services as a result of the concentration of foreign direct investment in the telecommunications industry. Burkina Faso's financial system accounted for 30% of the country's GDP and 90% of overall financial system assets in 2009. As foreign assistance rises, many development sectors emerge to meet contemporary expectations and amenities. These industries include real estate, information technology, mining, manufacturing, and energy, among others.

7. Hiring cost in Burkina Faso

An employer's hiring costs include all the expenses incurred from start to finish to hire an employee, such as:

- Onboarding and training

- Interviews and hiring processes

- Opportunity costs

- Time invested

8. Employment laws Burkina Faso

Burkina Faso's labor and employment policies are governed under the Labour Act of 2008. It delegated to the employer the power to set work and compensation directives and rules. The Labour Act does not apply to civil officials, judges, the army, and so on. Agricultural and non-agricultural employees are paid differently under labor legislation. A decree issued in 2010 guaranteed minimum pay for certain government sectors. Wages are also determined in accordance with the collective agreement, so that they do not go below the government's minimum wage. The Labour Act governs working conditions, pay cycles, social security, associations, and so forth.

9. Top skills Burkina Faso

Private firms, state institutions, and foreign assistance have all contributed to the fast growth of Burkina Faso's service industry by creating employment in a democratic and liberal atmosphere. The need for competent individuals in banking, finance, software engineering, tourism, and marketing is always increasing. Online job boards feature open positions and the abilities needed by each field, such as IT, Education, Engineers, Software, IT experts, Marketing, Communications, and so on.

The top in-demand jobs in Burkina Faso are in the following areas:

1. Software Development

2. Flutter Development

3. Full Stack developers

4. Digital Marketing

5. Business Development

6. Graphic Designer

7. Content Creation

10. Economic landscape in Burkina Faso

Burkina Faso placed 124th on the Index of Economic Freedom in 2021, with a score of 56.5. Burkina Faso's economy is built on agriculture and animal rearing. Burkina Faso's nominal GDP (gross domestic product) has been gradually increasing. GDP was $12.6 billion in 2017, a 5.9% rise over 2016. Due to Covid 19 limits, real GDP fell by around 5% in the first half of 2020. Favorable trade conditions and the execution of the government's emergency plan were responsible for the 8% turnaround in the third quarter. The year had an estimated 0.6% increase in real GDP.

Growth is expected to be 3.1% in 2021 and 5% in 2022. As the economy recovers from uncertainties in 2021, services are predicted to progressively improve, gold output to stay strong, and the agriculture sector to remain steady.

11. Market size in Burkina Faso

Agriculture is the most significant sector in Burkina Faso. According to the statistics, at least 80% of the people in the nation relies on subsistence farming. Burkina Faso's average purchasing power parity per capita in 2014 was US $1,900, while the average nominal income was US $790. Exports such as gold (4th biggest producer in Africa), cotton, cattle, and sesame seeds create money. Exports achieved a peak revenue milestone of US $3.305 billion in 2017. Benin, Togo, Japan, and Thailand are Burkina Faso's trading partners. With the application of contemporary technology, production has been revolutionized, and it has been a cash crop since 2004. However, some people work in the service and manufacturing sectors, which are equally important to the economy.

12. Minimum wage in Burkina Faso

Burkina Faso's compensation laws require that formal sector employees earn a minimum wage of 34,664 West African CFA francs per month. The minimum wage was last increased in 2012, but does not apply to agricultural workers or other informal workers. Employers must adhere to this minimum wage or to additional compensation guidelines outlined in a collective bargaining agreement applicable to them (CBA).

13.Why choose Rivermate to hire your remote team in Burkina Faso?

Establishing an entity in Burkina Faso to hire a team takes time, money, and effort. The labor law in Burkina Faso has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Burkina Faso simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Burkina Faso give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Burkina Faso via our Employer of Record (EOR) / PEO solution.

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