Cape Verde Esc 11,000,000.00 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 11,000,000.00 in Cape Verde in 2023 will cost a total of Esc 13,938,908.85 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 13,058,908.85 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 11,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 11,000,000.00 | |||
| + | Employee Bonus | Esc 846,153.85 | ||
| + | Payroll overhead | Esc 27,500.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 11,873,653.85 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 38,500.00 | ||
| + | Company Car | Esc 90,200.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 128,705.00 | ||
| Vacancy Advertising | Esc 22,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 27,500.00 | ||
| + | Relocation | Esc 385,000.00 | ||
| + | External Recruitment Agency | Esc 165,000.00 | ||
| + | Tertiary Payroll | Esc 38,500.00 | ||
| + | Legal | Esc 93,500.00 | ||
| + | Administration | Esc 143,000.00 | ||
| = | Total Recruitment Costs | Esc 880,000.00 | ||
| Office Setup | Esc 825,000.00 | |||
| + | Office Running | Esc 33,000.00 | ||
| + | Telecomms | Esc 19,800.00 | ||
| + | Technology Resource | Esc 46,750.00 | ||
| + | Line Manager | Esc 132,000.00 | ||
| = | Total Facilities Costs | Esc 1,056,550.00 | ||
| = | Total Recruitment and First Year Cost | Esc 13,938,908.85 | ||
| = | Total Cost of Ongoing Employment | Esc 13,058,908.85 |
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 11,000,000.00 in 2023
| Esc 11,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 846,153.85 | Annual Employee Bonus in 2023 |
| = | Esc 11,846,153.85 | Cape Verde: Total Cost of Employee in 2023 |
Esc 11,000,000.00 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 11,000,000.00 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