Cameroon FCFA 5,000,000.00 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 5,000,000.00 in Cameroon in 2023 will cost a total of FCFA 6,178,527.73 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 5,778,527.73 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 5,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 5,000,000.00 | |||
| + | Employee Bonus | FCFA 227,272.73 | ||
| + | Payroll overhead | FCFA 12,500.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 5,239,772.73 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 17,500.00 | ||
| + | Company Car | FCFA 41,000.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 58,505.00 | ||
| Vacancy Advertising | FCFA 10,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 12,500.00 | ||
| + | Relocation | FCFA 175,000.00 | ||
| + | External Recruitment Agency | FCFA 75,000.00 | ||
| + | Tertiary Payroll | FCFA 17,500.00 | ||
| + | Legal | FCFA 42,500.00 | ||
| + | Administration | FCFA 65,000.00 | ||
| = | Total Recruitment Costs | FCFA 400,000.00 | ||
| Office Setup | FCFA 375,000.00 | |||
| + | Office Running | FCFA 15,000.00 | ||
| + | Telecomms | FCFA 9,000.00 | ||
| + | Technology Resource | FCFA 21,250.00 | ||
| + | Line Manager | FCFA 60,000.00 | ||
| = | Total Facilities Costs | FCFA 480,250.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 6,178,527.73 | ||
| = | Total Cost of Ongoing Employment | FCFA 5,778,527.73 |
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 5,000,000.00 in 2023
| FCFA 5,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 227,272.73 | Annual Employee Bonus in 2023 |
| = | FCFA 5,227,272.73 | Cameroon: Total Cost of Employee in 2023 |
FCFA 5,000,000.00 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 5,000,000.00 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