Cameroon FCFA 25,000,000.00 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 25,000,000.00 in Cameroon in 2023 will cost a total of FCFA 30,843,211.52 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 28,843,211.52 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 25,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 25,000,000.00 | |||
| + | Employee Bonus | FCFA 1,086,956.52 | ||
| + | Payroll overhead | FCFA 62,500.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 26,149,456.52 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 87,500.00 | ||
| + | Company Car | FCFA 205,000.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 292,505.00 | ||
| Vacancy Advertising | FCFA 50,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 62,500.00 | ||
| + | Relocation | FCFA 875,000.00 | ||
| + | External Recruitment Agency | FCFA 375,000.00 | ||
| + | Tertiary Payroll | FCFA 87,500.00 | ||
| + | Legal | FCFA 212,500.00 | ||
| + | Administration | FCFA 325,000.00 | ||
| = | Total Recruitment Costs | FCFA 2,000,000.00 | ||
| Office Setup | FCFA 1,875,000.00 | |||
| + | Office Running | FCFA 75,000.00 | ||
| + | Telecomms | FCFA 45,000.00 | ||
| + | Technology Resource | FCFA 106,250.00 | ||
| + | Line Manager | FCFA 300,000.00 | ||
| = | Total Facilities Costs | FCFA 2,401,250.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 30,843,211.52 | ||
| = | Total Cost of Ongoing Employment | FCFA 28,843,211.52 |
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 25,000,000.00 in 2023
| FCFA 25,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 1,086,956.52 | Annual Employee Bonus in 2023 |
| = | FCFA 26,086,956.52 | Cameroon: Total Cost of Employee in 2023 |
FCFA 25,000,000.00 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 25,000,000.00 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