The minimum wage in Cote Divoire is important. The Anker Living Wage Reference Value for Cote d’Ivoire is XOF 137,545 per month. Other worker compensation standards are similar. A Work Inspector must stamp contracts lasting more than three months. The Doing Business website provides a summary of labor regulations in the country. The minimum wage in Cote Divoire is XOF 137,545 per month.
Anker Living Wage Reference Value for Cote d’Ivoire is XOF 137,545 per month
The Anker living wage methodology was developed by Richard and Martha Anker in 2017. It is widely used to measure living wages and incomes in countries around the world, and it has received widespread acceptance. The methodology is endorsed and championed by the Global Living Wage Coalition and the Living Income Community of Practice. It is also a gold standard in highly localized living wage measurement and risk assessments.
The methodology used to calculate the Anker Living Wage Reference Value for Cote D’Ivoire is based on secondary data, focus groups, and international decency standards. The living wage reference value takes into account local context, as local definitions of decency may differ from country to country. The methodology is transparent and robust. The living income CoP provides resources to help organizations apply it rigorously.
Other worker compensation standards are similar
Workers in Cote Divoire are entitled to a minimum wage of 36,607 CFA francs per month depending on their occupation. The last change to this minimum wage was made in 1994. For instance, industrial workers earn the lowest wage, 36,607 CFA francs per month, while construction workers earn slightly higher amounts. Depending on the type of employment, minimum wages can also be modified through collective bargaining agreements. The Ivory Coast’s Labor Code also requires employers to pay employees in cash or in kind, 12 times per year for a forty-hour workweek.
The unemployment rate is high
The labor force participation rate in Cote d’Ivoire is high, but the unemployment rate is relatively low. Unemployment in rural areas is only three percent, while the rate in the city is 12 percent. The rural unemployment rate may be attributable to the fact that many rural residents are self-employed. Youth unemployment is also high. The report urges the government to focus on improving the quality of employment.
The minimum wage in Cote d’Ivoire depends on the sector of employment. Those working in the industrial sector earn the lowest rate, 36,607 CFA francs per month. Construction workers make slightly more. The minimum wage is subject to change through collective bargaining agreements. According to the Ivory Coast Labor Code, employers must pay employees either directly or in kind. Workers should receive payment for a 40-hour week 12 times a year.
Healthcare costs are high
In developing countries, healthcare costs are often high even at minimum wage, but this does not have to be the case in Cote D’Ivoire. The study used representative data on the population to examine the structure of OOP health expenditures and the factors that drive their variation. This study found that the cost of health care was especially high for the elderly, with an average out-of-pocket expenditure of 33%.
The cost of malaria treatment alone in Cote Divoire was 122,008 CFA francs (186 EUR) per patient, with the uninsured experiencing four times the average expenditure than insured patients. In 2018, an uninsured family spent an average of 118,480 CFA francs on health care for one child, a figure close to the national minimum wage of 150,000 CFA francs (212 EUR).