Cameroon FCFA 13,000,000.00 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 13,000,000.00 in Cameroon in 2023 will cost a total of FCFA 16,064,164.09 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 15,024,164.09 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 13,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 13,000,000.00 | |||
| + | Employee Bonus | FCFA 590,909.09 | ||
| + | Payroll overhead | FCFA 32,500.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 13,623,409.09 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 45,500.00 | ||
| + | Company Car | FCFA 106,600.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 152,105.00 | ||
| Vacancy Advertising | FCFA 26,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 32,500.00 | ||
| + | Relocation | FCFA 455,000.00 | ||
| + | External Recruitment Agency | FCFA 195,000.00 | ||
| + | Tertiary Payroll | FCFA 45,500.00 | ||
| + | Legal | FCFA 110,500.00 | ||
| + | Administration | FCFA 169,000.00 | ||
| = | Total Recruitment Costs | FCFA 1,040,000.00 | ||
| Office Setup | FCFA 975,000.00 | |||
| + | Office Running | FCFA 39,000.00 | ||
| + | Telecomms | FCFA 23,400.00 | ||
| + | Technology Resource | FCFA 55,250.00 | ||
| + | Line Manager | FCFA 156,000.00 | ||
| = | Total Facilities Costs | FCFA 1,248,650.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 16,064,164.09 | ||
| = | Total Cost of Ongoing Employment | FCFA 15,024,164.09 |
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 13,000,000.00 in 2023
| FCFA 13,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 590,909.09 | Annual Employee Bonus in 2023 |
| = | FCFA 13,590,909.09 | Cameroon: Total Cost of Employee in 2023 |
FCFA 13,000,000.00 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 13,000,000.00 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