Cameroon FCFA 11,000,000.00 Salary - Recruitment and Employment Costs Example
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Published on: 2023-04-19 10:46:30
Last modified: 2023-05-01 10:42:38
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Introduction
This page provides an example of the recruitment costs for a new member of staff employed and paying taxes in Cameroon in 2023. The calculations also provide an illustration of the ongoing costs of employment in 2023. This example of employment costs is for illustration only, you can use the True Cost of Employment in Cameroon calculator to refine the calculations to suit your own recruitment budget and business budget/overhead.
Cameroon Cost of Recruitment and Employment in 2023 Calculations
Snapshot: A new employee earning FCFA 11,000,000.00 in Cameroon in 2023 will cost a total of FCFA 13,826,088.33 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 12,946,088.33 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 11,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 11,000,000.00 | |||
| + | Employee Bonus | FCFA 733,333.33 | ||
| + | Payroll overhead | FCFA 27,500.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 11,760,833.33 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 38,500.00 | ||
| + | Company Car | FCFA 90,200.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 128,705.00 | ||
| Vacancy Advertising | FCFA 22,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 27,500.00 | ||
| + | Relocation | FCFA 385,000.00 | ||
| + | External Recruitment Agency | FCFA 165,000.00 | ||
| + | Tertiary Payroll | FCFA 38,500.00 | ||
| + | Legal | FCFA 93,500.00 | ||
| + | Administration | FCFA 143,000.00 | ||
| = | Total Recruitment Costs | FCFA 880,000.00 | ||
| Office Setup | FCFA 825,000.00 | |||
| + | Office Running | FCFA 33,000.00 | ||
| + | Telecomms | FCFA 19,800.00 | ||
| + | Technology Resource | FCFA 46,750.00 | ||
| + | Line Manager | FCFA 132,000.00 | ||
| = | Total Facilities Costs | FCFA 1,056,550.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 13,826,088.33 | ||
| = | Total Cost of Ongoing Employment | FCFA 12,946,088.33 |
Cameroon Employer Payroll Obligations in 2023 Calculations
The table below provides an example of the payroll obligations and cost in Cameroon for an emplyee earning FCFA 11,000,000.00 in 2023
| FCFA 11,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 733,333.33 | Annual Employee Bonus in 2023 |
| = | FCFA 11,733,333.33 | Cameroon: Total Cost of Employee in 2023 |
FCFA 11,000,000.00 Salary - Recruitment and employment costs examples for alternate tax years
Select an alternate tax year to see how the cost of employment for an employee earning FCFA 11,000,000.00 per annum in Cameroon has changed over time.
You can access more examples, find detailed instructions on how to calculate the cost of an employee in Cameroon here