Cape Verde Esc 13,000,000.00 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 13,000,000.00 in Cape Verde in 2023 will cost a total of Esc 15,993,255.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 14,953,255.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 13,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 13,000,000.00 | |||
| + | Employee Bonus | Esc 520,000.00 | ||
| + | Payroll overhead | Esc 32,500.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 13,552,500.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 45,500.00 | ||
| + | Company Car | Esc 106,600.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 152,105.00 | ||
| Vacancy Advertising | Esc 26,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 32,500.00 | ||
| + | Relocation | Esc 455,000.00 | ||
| + | External Recruitment Agency | Esc 195,000.00 | ||
| + | Tertiary Payroll | Esc 45,500.00 | ||
| + | Legal | Esc 110,500.00 | ||
| + | Administration | Esc 169,000.00 | ||
| = | Total Recruitment Costs | Esc 1,040,000.00 | ||
| Office Setup | Esc 975,000.00 | |||
| + | Office Running | Esc 39,000.00 | ||
| + | Telecomms | Esc 23,400.00 | ||
| + | Technology Resource | Esc 55,250.00 | ||
| + | Line Manager | Esc 156,000.00 | ||
| = | Total Facilities Costs | Esc 1,248,650.00 | ||
| = | Total Recruitment and First Year Cost | Esc 15,993,255.00 | ||
| = | Total Cost of Ongoing Employment | Esc 14,953,255.00 |
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 13,000,000.00 in 2023
| Esc 13,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 520,000.00 | Annual Employee Bonus in 2023 |
| = | Esc 13,520,000.00 | Cape Verde: Total Cost of Employee in 2023 |
Esc 13,000,000.00 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 13,000,000.00 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