Cameroon FCFA 34,000,000.00 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 34,000,000.00 in Cameroon in 2023 will cost a total of FCFA 42,013,959.55 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 39,293,959.55 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 34,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 34,000,000.00 | |||
| + | Employee Bonus | FCFA 1,545,454.55 | ||
| + | Payroll overhead | FCFA 85,000.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 35,630,454.55 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 119,000.00 | ||
| + | Company Car | FCFA 278,800.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 397,805.00 | ||
| Vacancy Advertising | FCFA 68,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 85,000.00 | ||
| + | Relocation | FCFA 1,190,000.00 | ||
| + | External Recruitment Agency | FCFA 510,000.00 | ||
| + | Tertiary Payroll | FCFA 119,000.00 | ||
| + | Legal | FCFA 289,000.00 | ||
| + | Administration | FCFA 442,000.00 | ||
| = | Total Recruitment Costs | FCFA 2,720,000.00 | ||
| Office Setup | FCFA 2,550,000.00 | |||
| + | Office Running | FCFA 102,000.00 | ||
| + | Telecomms | FCFA 61,200.00 | ||
| + | Technology Resource | FCFA 144,500.00 | ||
| + | Line Manager | FCFA 408,000.00 | ||
| = | Total Facilities Costs | FCFA 3,265,700.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 42,013,959.55 | ||
| = | Total Cost of Ongoing Employment | FCFA 39,293,959.55 |
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 34,000,000.00 in 2023
| FCFA 34,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 1,545,454.55 | Annual Employee Bonus in 2023 |
| = | FCFA 35,545,454.55 | Cameroon: Total Cost of Employee in 2023 |
FCFA 34,000,000.00 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 34,000,000.00 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