Run your business seamlessly with Neeyamo as we help you go beyond borders to manage your international payroll and hire new talent in Mali.
Overview
Mali is a country located in West Africa, bordered by Algeria on the north, Niger on the east, Burkina Faso and the Côte d'Ivoire on the south, Guinea on the south-west, and Senegal and Mauritania on the west.
Mali has a growing industrial sector, which includes food processing, construction; phosphate and gold mining.
Do your organization's expansion plans require hiring employees in Mali? Do you lack a physical entity in the country – a key requisite to hire local talent? Neeyamo – one of the top Global payroll providers, assists organizations worldwide with onboarding and managing employees in Mali - processing payroll, managing local compliance requirements, benefits, and more.
Facts And Stats
Capital
Bamako
Currency
West African CFA franc
Official Language
13 Official languages
Fiscal Year
1 January to 31 December
Date Format
DD/MM/YYYY
Country Calling Code
+223
Time Zone
00:00 GMT
Global Payroll
Overview
Handling payroll for a widespread workforce can pose a significant challenge for any organization, and the added complication of compliance can make things worse and drastically affect the time and efforts that can be used in other equally important aspects of an organization's development. If companies spend more time processing payroll, it directly impacts day-to-day operations and their overall productivity.
Over the years, Neeyamo has observed these complexities and strived to provide a global payroll solution through a single technology platform - Neeyamo Payroll. Cloud-based payroll service providers, like Neeyamo, assess payroll industry trends and offer a consolidated solution in its Global Payroll Technology Stack, making outsourcing payroll cost per employee easier.
Payroll Taxes
Payroll tax is the percentage amount retained from an employee's salary and paid to the government to invest in the general population's welfare.
Employee Taxes
Employee Contribution:
Social Security Contribution: 3.6%
Employer Taxes
Employer Contribution:
Social Security Contribution: 35%
Payroll Cycle
Overview
Undoubtedly, payroll is a critical aspect of any organization. The Pay cycle is a notable feature that provides a sense of accountability for an employee to be paid consistently for their work.
Frequency
The frequency is monthly, bi-monthly (twice a month), and even weekly
13th Month Cycle
There is no statutory requirement to pay the 13th or the 14th month salary. However, there is a seniority bonus that all employees are entitled to once they spend three years in their role.
Global Work
Overview
An Employer of Record services (EOR) provider helps you eliminate the hassle of handling complexities while onboarding a new employee in an international location. They help bridge the gap that otherwise mandates organizations to have a local registered entity and a local bank account prior to making a job offer to an international hire.
An Employer of Record services provider acts as a legal employer, facilitates salary payments, and manages other statutory requirements such as health insurance, payroll taxes, and employee benefits, ensuring compliance with local tax laws and regulations.
This allows organizations to focus on collaborating with the employee in Fiji for operational tasks, with the knowledge that they have a cost-effective solution to support their global HR and payroll requirements as they continue their global expansion.
HR Mandates and Practices
Minimum Wage
The current minimum wage in Mali is 40,000 CFA francs per month.
Overtime
Working Hours in Mali The standard work week is 40 hours.
Overtime in Mali
Overtime is paid at a premium of
- 10% of the salary for work performed from the 41st hour to the 48th hour is included.
- 25% for work performed beyond the 48th hour.
- 50% for work performed during the night.
Data Retention Policy
According to the Law, data controllers must delete data upon request from the data subject if the data is incomplete, false, ambiguous, or outdated within 30 days from the receipt of such request.
Hiring and Onboarding Requirements
Hiring
Labour Code of Mali (Code du Travail du Mali): This is the primary legal framework regulating employment relationships in Mali. It covers various aspects like contracts, working hours, wages, benefits, termination, and dispute resolution.
Onboarding
The specific onboarding documents required for employees in Mali may vary depending on the employer and the industry. However, some of the most common onboarding documents include:
- Name
- Address
- Contact information
- Emergency contact information
- Proof of Identity
- Educational Documents
Probation
The probationary period should not exceed six months.
Leave
Public Holidays for 2024
- 1 January - New Year
- 20 January - Army Day
- 26 March - Martyrs' Day
- 1 April - Easter Monday
- 10 April - Eid al-Fitr (Tentative Date)
- 1 May - Workers' Day
- 25 May - Africa Day
- 17 June - Eid al-Adha (Tentative Date)
- 17 July - Ashura Holiday (Tentative Date)
- 16 September - The Prophet's Birthday (Tentative Date)
- 22 September - Independence Day
- 23 September - Baptism of the Prophet (Tentative Date)
- 25 December - Christmas Day
Annual Leave
Annual leave is equivalent to two and a half days per month of work accrued, for a total of 30 calendar days per year (working days and weekends included). For convenience, this is considered the equivalent of 22 working days per year.
Maternity Leave
Female employees are entitled to 14 weeks (six weeks before and eight weeks after birth) of maternity leave.
Paternity Leave
The worker shall be entitled to 3 days of paternity leave.
Sick Leave
Employees receive sick leave with a doctor’s certificate Until a health insurance plan is established in accordance with the provisions of the Social Security Code, Labour Code provisions are applicable.
During the sick leave: 100% of the employee's earnings is paid during the first year of employment for a period of eight days to three months, depending on the collective agreements or the type of employment 50% of the employee's earnings for up to an additional month is paid from the second year of employment thereafter.
Termination
Notice Period
In the absence of collective agreements or decrees, the duration of the notice period is:
- Eight days for staff paid by the day or week;
- One month for the worker whose monthly salary is paid;
- Two months for supervisors and assimilated employees;
- Three months for executives and management.
Severance Pay
Employees are entitled to the following severance pay:
- 20% for each of the first five years of work
- 25% for each year from the 6th to the 10th inclusive
- 30% for each year beyond the 10th
Visa
Overview
- Any individual visiting Mali must obtain a visa from one of the country’s diplomatic missions unless they’re from a visa-exempt country. Currently, citizens from 25 countries can travel to Mali without a visa.
- The two main types of visas include business and tourist selections with options for single-entry, multiple-entry, or stays for up to six months.
- It typically takes ten days to process the visa.
- Foreigners seeking employment in Mali must obtain a work permit.
Employee Background Checks
Types of Background Checks in Mali
- Employment Verification
- Identity Verification
- Education Verification
- Medical Examinations
- Criminal Record Checks
- Education and Employment Verification
- Professional License Verification
- Financial Checks
Last updated on December 26, 2023
If you have any queries or suggestions, reach out to us at irene.jones@neeyamo.com
