Cameroon FCFA 9,000,000.00 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 9,000,000.00 in Cameroon in 2023 will cost a total of FCFA 11,185,939.21 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to FCFA 10,465,939.21 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning FCFA 9,000,000.00 in Cameroon in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | FCFA 9,000,000.00 | |||
| + | Employee Bonus | FCFA 473,684.21 | ||
| + | Payroll overhead | FCFA 22,500.00 | ||
| + | Payroll Costs (Social Security etc.) | FCFA 0.00 | ||
| = | Total Payroll Costs | FCFA 9,496,184.21 | ||
|---|---|---|---|---|
| Employer Pension Contribution | FCFA 0.00 | |||
| + | Private Healthcare | FCFA 31,500.00 | ||
| + | Company Car | FCFA 73,800.00 | ||
| + | Shares (% of Base Salary) | FCFA 5.00 | ||
| = | Total Employee Benefits Costs | FCFA 105,305.00 | ||
| Vacancy Advertising | FCFA 18,000.00 | |||
| + | Employee Referral | FCFA 0.00 | ||
| + | Travel and Accomodation | FCFA 22,500.00 | ||
| + | Relocation | FCFA 315,000.00 | ||
| + | External Recruitment Agency | FCFA 135,000.00 | ||
| + | Tertiary Payroll | FCFA 31,500.00 | ||
| + | Legal | FCFA 76,500.00 | ||
| + | Administration | FCFA 117,000.00 | ||
| = | Total Recruitment Costs | FCFA 720,000.00 | ||
| Office Setup | FCFA 675,000.00 | |||
| + | Office Running | FCFA 27,000.00 | ||
| + | Telecomms | FCFA 16,200.00 | ||
| + | Technology Resource | FCFA 38,250.00 | ||
| + | Line Manager | FCFA 108,000.00 | ||
| = | Total Facilities Costs | FCFA 864,450.00 | ||
| = | Total Recruitment and First Year Cost | FCFA 11,185,939.21 | ||
| = | Total Cost of Ongoing Employment | FCFA 10,465,939.21 |
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 9,000,000.00 in 2023
| FCFA 9,000,000.00 | Annual Employee Salary in 2023 | |
| + | FCFA 473,684.21 | Annual Employee Bonus in 2023 |
| = | FCFA 9,473,684.21 | Cameroon: Total Cost of Employee in 2023 |
FCFA 9,000,000.00 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 9,000,000.00 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