Cameroon FCFA 20,000,000.00 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 20,000,000.00 in Cameroon in 2023 will cost a total of FCFA 24,545,745.74 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 22,945,745.74 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 20,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 20,000,000.00 | |||
| + | Employee Bonus | FCFA 740,740.74 | ||
| + | Payroll overhead | FCFA 50,000.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 20,790,740.74 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 70,000.00 | ||
| + | Company Car | FCFA 164,000.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 234,005.00 | ||
| Vacancy Advertising | FCFA 40,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 50,000.00 | ||
| + | Relocation | FCFA 700,000.00 | ||
| + | External Recruitment Agency | FCFA 300,000.00 | ||
| + | Tertiary Payroll | FCFA 70,000.00 | ||
| + | Legal | FCFA 170,000.00 | ||
| + | Administration | FCFA 260,000.00 | ||
| = | Total Recruitment Costs | FCFA 1,600,000.00 | ||
| Office Setup | FCFA 1,500,000.00 | |||
| + | Office Running | FCFA 60,000.00 | ||
| + | Telecomms | FCFA 36,000.00 | ||
| + | Technology Resource | FCFA 85,000.00 | ||
| + | Line Manager | FCFA 240,000.00 | ||
| = | Total Facilities Costs | FCFA 1,921,000.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 24,545,745.74 | ||
| = | Total Cost of Ongoing Employment | FCFA 22,945,745.74 |
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 20,000,000.00 in 2023
| FCFA 20,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 740,740.74 | Annual Employee Bonus in 2023 |
| = | FCFA 20,740,740.74 | Cameroon: Total Cost of Employee in 2023 |
FCFA 20,000,000.00 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 20,000,000.00 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