Senegal is located on the western part of the continent and is considered as one of the most stable economies in Africa. The country is abundant in oil, natural gas, and mineral resources. Senegal is working on its strategic plans to reduce the socio-economic after-effects of the Covid-19 pandemic with the aim of boosting sustainable growth.
With the development of the economy, many organisations consider of expanding their business strategy, including their HR outsourcing plans. This is where Africa HR Solutions can help with your employment outsourcing strategy. Our Senegal HR outsourcing services consist of Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing and other ancillary solutions, with the aim to help companies establish themselves in Senegal even if they do not have a legal entity yet.
Country Profile - Senegal
Population: 15.9 mn
Gross Domestic Product (GDP): $24.91 bn
GDP Growth: 6.8%
Inflation: 0.5%
Foreign Direct Investment (% of GDP): 2.6%
Unemployment Rate: 6.5 %
Capital: Dakar
Currency: West African CFA franc
Languages: French
Senegal's Economy
Senegal is known to be a stable country for a long time and is part of the West African Monetary Union (WAEMU). The country is rich in oil and natural gas reserves as well as other minerals such as gold, phosphate, platinoids, iron, and barite. Senegal is a diversified economy and imports energy and food. It has a high population growth and receives support from various international bodies such as the IMF.
Interesting Facts About Senegal
The primary religion is Islam
The bronze African Renaissance Monument is the tallest statue in Africa
French is the official language in Senegal
Dakar is one of the most cosmopolitan cities in West Africa
Public Holidays in Senegal
New Year’s Day
Prophet Mohammed’s Birthday
Independence Day
Easter Monday
Labour Day
Ascension
Whit Monday
Assumption
Korité
All Saints’ Day
Tabaski
Tamkharit
Christmas Day
Employment in Senegal
The typical workweek in Senegal is 40 hours. Employment contracts are made in either oral or written formats in Senegal. Most employees prefer a written agreement that delineates all information about the salary, compensation, leaves and termination requirements. Employees are entitled to vacation, sick and parental leaves. Employees and employers are taxed. Moreover, employers register their staff members in the IPM health fund (Institut de Prévoyance Maladie). At Africa HR Solutions, we have the expertise to devise a tailored employment outsourcing strategy and help you manage an attractive benefits scheme to recruit the best talent in your organisation.
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