Cape Verde Esc 12,000,000.00 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 12,000,000.00 in Cape Verde in 2023 will cost a total of Esc 14,683,005.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 13,723,005.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 12,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 12,000,000.00 | |||
| + | Employee Bonus | Esc 400,000.00 | ||
| + | Payroll overhead | Esc 30,000.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 12,430,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 42,000.00 | ||
| + | Company Car | Esc 98,400.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 140,405.00 | ||
| Vacancy Advertising | Esc 24,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 30,000.00 | ||
| + | Relocation | Esc 420,000.00 | ||
| + | External Recruitment Agency | Esc 180,000.00 | ||
| + | Tertiary Payroll | Esc 42,000.00 | ||
| + | Legal | Esc 102,000.00 | ||
| + | Administration | Esc 156,000.00 | ||
| = | Total Recruitment Costs | Esc 960,000.00 | ||
| Office Setup | Esc 900,000.00 | |||
| + | Office Running | Esc 36,000.00 | ||
| + | Telecomms | Esc 21,600.00 | ||
| + | Technology Resource | Esc 51,000.00 | ||
| + | Line Manager | Esc 144,000.00 | ||
| = | Total Facilities Costs | Esc 1,152,600.00 | ||
| = | Total Recruitment and First Year Cost | Esc 14,683,005.00 | ||
| = | Total Cost of Ongoing Employment | Esc 13,723,005.00 |
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 12,000,000.00 in 2023
| Esc 12,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 400,000.00 | Annual Employee Bonus in 2023 |
| = | Esc 12,400,000.00 | Cape Verde: Total Cost of Employee in 2023 |
Esc 12,000,000.00 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 12,000,000.00 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