Cape Verde Esc 16,000,000.00 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 16,000,000.00 in Cape Verde in 2023 will cost a total of Esc 19,684,005.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 18,404,005.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 16,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 16,000,000.00 | |||
| + | Employee Bonus | Esc 640,000.00 | ||
| + | Payroll overhead | Esc 40,000.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 16,680,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 56,000.00 | ||
| + | Company Car | Esc 131,200.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 187,205.00 | ||
| Vacancy Advertising | Esc 32,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 40,000.00 | ||
| + | Relocation | Esc 560,000.00 | ||
| + | External Recruitment Agency | Esc 240,000.00 | ||
| + | Tertiary Payroll | Esc 56,000.00 | ||
| + | Legal | Esc 136,000.00 | ||
| + | Administration | Esc 208,000.00 | ||
| = | Total Recruitment Costs | Esc 1,280,000.00 | ||
| Office Setup | Esc 1,200,000.00 | |||
| + | Office Running | Esc 48,000.00 | ||
| + | Telecomms | Esc 28,800.00 | ||
| + | Technology Resource | Esc 68,000.00 | ||
| + | Line Manager | Esc 192,000.00 | ||
| = | Total Facilities Costs | Esc 1,536,800.00 | ||
| = | Total Recruitment and First Year Cost | Esc 19,684,005.00 | ||
| = | Total Cost of Ongoing Employment | Esc 18,404,005.00 |
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 16,000,000.00 in 2023
| Esc 16,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 640,000.00 | Annual Employee Bonus in 2023 |
| = | Esc 16,640,000.00 | Cape Verde: Total Cost of Employee in 2023 |
Esc 16,000,000.00 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 16,000,000.00 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