Cape Verde Esc 18,000,000.00 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 18,000,000.00 in Cape Verde in 2023 will cost a total of Esc 22,144,505.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 20,704,505.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 18,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 18,000,000.00 | |||
| + | Employee Bonus | Esc 720,000.00 | ||
| + | Payroll overhead | Esc 45,000.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 18,765,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 63,000.00 | ||
| + | Company Car | Esc 147,600.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 210,605.00 | ||
| Vacancy Advertising | Esc 36,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 45,000.00 | ||
| + | Relocation | Esc 630,000.00 | ||
| + | External Recruitment Agency | Esc 270,000.00 | ||
| + | Tertiary Payroll | Esc 63,000.00 | ||
| + | Legal | Esc 153,000.00 | ||
| + | Administration | Esc 234,000.00 | ||
| = | Total Recruitment Costs | Esc 1,440,000.00 | ||
| Office Setup | Esc 1,350,000.00 | |||
| + | Office Running | Esc 54,000.00 | ||
| + | Telecomms | Esc 32,400.00 | ||
| + | Technology Resource | Esc 76,500.00 | ||
| + | Line Manager | Esc 216,000.00 | ||
| = | Total Facilities Costs | Esc 1,728,900.00 | ||
| = | Total Recruitment and First Year Cost | Esc 22,144,505.00 | ||
| = | Total Cost of Ongoing Employment | Esc 20,704,505.00 |
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 18,000,000.00 in 2023
| Esc 18,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 720,000.00 | Annual Employee Bonus in 2023 |
| = | Esc 18,720,000.00 | Cape Verde: Total Cost of Employee in 2023 |
Esc 18,000,000.00 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 18,000,000.00 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