Cameroon FCFA 15,000,000.00 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 15,000,000.00 in Cameroon in 2023 will cost a total of FCFA 18,603,755.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 17,403,755.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 15,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 15,000,000.00 | |||
| + | Employee Bonus | FCFA 750,000.00 | ||
| + | Payroll overhead | FCFA 37,500.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 15,787,500.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 52,500.00 | ||
| + | Company Car | FCFA 123,000.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 175,505.00 | ||
| Vacancy Advertising | FCFA 30,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 37,500.00 | ||
| + | Relocation | FCFA 525,000.00 | ||
| + | External Recruitment Agency | FCFA 225,000.00 | ||
| + | Tertiary Payroll | FCFA 52,500.00 | ||
| + | Legal | FCFA 127,500.00 | ||
| + | Administration | FCFA 195,000.00 | ||
| = | Total Recruitment Costs | FCFA 1,200,000.00 | ||
| Office Setup | FCFA 1,125,000.00 | |||
| + | Office Running | FCFA 45,000.00 | ||
| + | Telecomms | FCFA 27,000.00 | ||
| + | Technology Resource | FCFA 63,750.00 | ||
| + | Line Manager | FCFA 180,000.00 | ||
| = | Total Facilities Costs | FCFA 1,440,750.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 18,603,755.00 | ||
| = | Total Cost of Ongoing Employment | FCFA 17,403,755.00 |
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 15,000,000.00 in 2023
| FCFA 15,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 750,000.00 | Annual Employee Bonus in 2023 |
| = | FCFA 15,750,000.00 | Cameroon: Total Cost of Employee in 2023 |
FCFA 15,000,000.00 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 15,000,000.00 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