Cape Verde Esc 10,000,000.00 Salary - Recruitment and Employment Costs Example
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Published on: 2023-04-19 10:46:30
Last modified: 2023-04-25 13:35:44
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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 Cape Verde 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 Cape Verde calculator to refine the calculations to suit your own recruitment budget and business budget/overhead.
Cape Verde Cost of Recruitment and Employment in 2023 Calculations
Snapshot: A new employee earning Esc 10,000,000.00 in Cape Verde in 2023 will cost a total of Esc 12,235,838.33 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 11,435,838.33 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 10,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 10,000,000.00 | |||
| + | Employee Bonus | Esc 333,333.33 | ||
| + | Payroll overhead | Esc 25,000.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 10,358,333.33 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 35,000.00 | ||
| + | Company Car | Esc 82,000.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 117,005.00 | ||
| Vacancy Advertising | Esc 20,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 25,000.00 | ||
| + | Relocation | Esc 350,000.00 | ||
| + | External Recruitment Agency | Esc 150,000.00 | ||
| + | Tertiary Payroll | Esc 35,000.00 | ||
| + | Legal | Esc 85,000.00 | ||
| + | Administration | Esc 130,000.00 | ||
| = | Total Recruitment Costs | Esc 800,000.00 | ||
| Office Setup | Esc 750,000.00 | |||
| + | Office Running | Esc 30,000.00 | ||
| + | Telecomms | Esc 18,000.00 | ||
| + | Technology Resource | Esc 42,500.00 | ||
| + | Line Manager | Esc 120,000.00 | ||
| = | Total Facilities Costs | Esc 960,500.00 | ||
| = | Total Recruitment and First Year Cost | Esc 12,235,838.33 | ||
| = | Total Cost of Ongoing Employment | Esc 11,435,838.33 |
Cape Verde Employer Payroll Obligations in 2023 Calculations
The table below provides an example of the payroll obligations and cost in Cape Verde for an emplyee earning Esc 10,000,000.00 in 2023
| Esc 10,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 333,333.33 | Annual Employee Bonus in 2023 |
| = | Esc 10,333,333.33 | Cape Verde: Total Cost of Employee in 2023 |
Esc 10,000,000.00 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 Esc 10,000,000.00 per annum in Cape Verde has changed over time.
You can access more examples, find detailed instructions on how to calculate the cost of an employee in Cape Verde here