Cameroon FCFA 24,000,000.00 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 24,000,000.00 in Cameroon in 2023 will cost a total of FCFA 29,423,147.86 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 27,503,147.86 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 24,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 24,000,000.00 | |||
| + | Employee Bonus | FCFA 857,142.86 | ||
| + | Payroll overhead | FCFA 60,000.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 24,917,142.86 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 84,000.00 | ||
| + | Company Car | FCFA 196,800.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 280,805.00 | ||
| Vacancy Advertising | FCFA 48,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 60,000.00 | ||
| + | Relocation | FCFA 840,000.00 | ||
| + | External Recruitment Agency | FCFA 360,000.00 | ||
| + | Tertiary Payroll | FCFA 84,000.00 | ||
| + | Legal | FCFA 204,000.00 | ||
| + | Administration | FCFA 312,000.00 | ||
| = | Total Recruitment Costs | FCFA 1,920,000.00 | ||
| Office Setup | FCFA 1,800,000.00 | |||
| + | Office Running | FCFA 72,000.00 | ||
| + | Telecomms | FCFA 43,200.00 | ||
| + | Technology Resource | FCFA 102,000.00 | ||
| + | Line Manager | FCFA 288,000.00 | ||
| = | Total Facilities Costs | FCFA 2,305,200.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 29,423,147.86 | ||
| = | Total Cost of Ongoing Employment | FCFA 27,503,147.86 |
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 24,000,000.00 in 2023
| FCFA 24,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 857,142.86 | Annual Employee Bonus in 2023 |
| = | FCFA 24,857,142.86 | Cameroon: Total Cost of Employee in 2023 |
FCFA 24,000,000.00 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 24,000,000.00 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