Cameroon FCFA 21,000,000.00 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 21,000,000.00 in Cameroon in 2023 will cost a total of FCFA 25,908,298.48 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 24,228,298.48 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 21,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 21,000,000.00 | |||
| + | Employee Bonus | FCFA 913,043.48 | ||
| + | Payroll overhead | FCFA 52,500.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 21,965,543.48 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 73,500.00 | ||
| + | Company Car | FCFA 172,200.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 245,705.00 | ||
| Vacancy Advertising | FCFA 42,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 52,500.00 | ||
| + | Relocation | FCFA 735,000.00 | ||
| + | External Recruitment Agency | FCFA 315,000.00 | ||
| + | Tertiary Payroll | FCFA 73,500.00 | ||
| + | Legal | FCFA 178,500.00 | ||
| + | Administration | FCFA 273,000.00 | ||
| = | Total Recruitment Costs | FCFA 1,680,000.00 | ||
| Office Setup | FCFA 1,575,000.00 | |||
| + | Office Running | FCFA 63,000.00 | ||
| + | Telecomms | FCFA 37,800.00 | ||
| + | Technology Resource | FCFA 89,250.00 | ||
| + | Line Manager | FCFA 252,000.00 | ||
| = | Total Facilities Costs | FCFA 2,017,050.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 25,908,298.48 | ||
| = | Total Cost of Ongoing Employment | FCFA 24,228,298.48 |
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 21,000,000.00 in 2023
| FCFA 21,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 913,043.48 | Annual Employee Bonus in 2023 |
| = | FCFA 21,913,043.48 | Cameroon: Total Cost of Employee in 2023 |
FCFA 21,000,000.00 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 21,000,000.00 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