Cameroon FCFA 12,000,000.00 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 12,000,000.00 in Cameroon in 2023 will cost a total of FCFA 15,373,914.09 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 14,413,914.09 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 12,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 12,000,000.00 | |||
| + | Employee Bonus | FCFA 1,090,909.09 | ||
| + | Payroll overhead | FCFA 30,000.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 13,120,909.09 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 42,000.00 | ||
| + | Company Car | FCFA 98,400.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 140,405.00 | ||
| Vacancy Advertising | FCFA 24,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 30,000.00 | ||
| + | Relocation | FCFA 420,000.00 | ||
| + | External Recruitment Agency | FCFA 180,000.00 | ||
| + | Tertiary Payroll | FCFA 42,000.00 | ||
| + | Legal | FCFA 102,000.00 | ||
| + | Administration | FCFA 156,000.00 | ||
| = | Total Recruitment Costs | FCFA 960,000.00 | ||
| Office Setup | FCFA 900,000.00 | |||
| + | Office Running | FCFA 36,000.00 | ||
| + | Telecomms | FCFA 21,600.00 | ||
| + | Technology Resource | FCFA 51,000.00 | ||
| + | Line Manager | FCFA 144,000.00 | ||
| = | Total Facilities Costs | FCFA 1,152,600.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 15,373,914.09 | ||
| = | Total Cost of Ongoing Employment | FCFA 14,413,914.09 |
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 12,000,000.00 in 2023
| FCFA 12,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 1,090,909.09 | Annual Employee Bonus in 2023 |
| = | FCFA 13,090,909.09 | Cameroon: Total Cost of Employee in 2023 |
FCFA 12,000,000.00 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 12,000,000.00 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