Cape Verde Esc 15,000,000.00 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 15,000,000.00 in Cape Verde in 2023 will cost a total of Esc 19,007,601.15 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 17,807,601.15 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 15,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 15,000,000.00 | |||
| + | Employee Bonus | Esc 1,153,846.15 | ||
| + | Payroll overhead | Esc 37,500.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 16,191,346.15 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 52,500.00 | ||
| + | Company Car | Esc 123,000.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 175,505.00 | ||
| Vacancy Advertising | Esc 30,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 37,500.00 | ||
| + | Relocation | Esc 525,000.00 | ||
| + | External Recruitment Agency | Esc 225,000.00 | ||
| + | Tertiary Payroll | Esc 52,500.00 | ||
| + | Legal | Esc 127,500.00 | ||
| + | Administration | Esc 195,000.00 | ||
| = | Total Recruitment Costs | Esc 1,200,000.00 | ||
| Office Setup | Esc 1,125,000.00 | |||
| + | Office Running | Esc 45,000.00 | ||
| + | Telecomms | Esc 27,000.00 | ||
| + | Technology Resource | Esc 63,750.00 | ||
| + | Line Manager | Esc 180,000.00 | ||
| = | Total Facilities Costs | Esc 1,440,750.00 | ||
| = | Total Recruitment and First Year Cost | Esc 19,007,601.15 | ||
| = | Total Cost of Ongoing Employment | Esc 17,807,601.15 |
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 15,000,000.00 in 2023
| Esc 15,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 1,153,846.15 | Annual Employee Bonus in 2023 |
| = | Esc 16,153,846.15 | Cape Verde: Total Cost of Employee in 2023 |
Esc 15,000,000.00 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 15,000,000.00 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