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Cameroon FCFA 35,000,000.00 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 35,000,000.00 in Cameroon in 2023 will cost a total of FCFA 43,603,199.44 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 40,803,199.44 per annum.

The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 35,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.

Employee Salary FCFA 35,000,000.00
+Employee Bonus FCFA 1,944,444.44
+Payroll overhead FCFA 87,500.00
+Payroll Costs (Social Security etc.) FCFA 0.00
=Total Payroll Costs FCFA 37,031,944.44
Employer Pension Contribution FCFA 0.00
+Private Healthcare FCFA 122,500.00
+Company Car FCFA 287,000.00
+Shares (% of Base Salary) FCFA 5.00
=Total Employee Benefits Costs FCFA 409,505.00
Vacancy Advertising FCFA 70,000.00
+Employee Referral FCFA 0.00
+Travel and Accomodation FCFA 87,500.00
+Relocation FCFA 1,225,000.00
+External Recruitment Agency FCFA 525,000.00
+Tertiary Payroll FCFA 122,500.00
+Legal FCFA 297,500.00
+Administration FCFA 455,000.00
=Total Recruitment Costs FCFA 2,800,000.00
Office Setup FCFA 2,625,000.00
+Office Running FCFA 105,000.00
+Telecomms FCFA 63,000.00
+Technology Resource FCFA 148,750.00
+Line Manager FCFA 420,000.00
=Total Facilities Costs FCFA 3,361,750.00
=Total Recruitment and First Year Cost FCFA 43,603,199.44
=Total Cost of Ongoing Employment FCFA 40,803,199.44

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 35,000,000.00 in 2023

Cameroon: Total Cost of employment for FCFA 35,000,000.00 Annual salary in 2023
FCFA 35,000,000.00 Annual Employee Salary in 2023
+ FCFA 1,944,444.44 Annual Employee Bonus in 2023
= FCFA 36,944,444.44 Cameroon: Total Cost of Employee in 2023

FCFA 35,000,000.00 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 35,000,000.00 per annum in Cameroon has changed over time.

  1. 2023
  2. 2022
  3. 2021
  4. 2020
  5. 2019

You can access more examples, find detailed instructions on how to calculate the cost of an employee in Cameroon here