Cape Verde Esc 21,000,000.00 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 21,000,000.00 in Cape Verde in 2023 will cost a total of Esc 26,100,518.16 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 24,420,518.16 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 21,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 21,000,000.00 | |||
| + | Employee Bonus | Esc 1,105,263.16 | ||
| + | Payroll overhead | Esc 52,500.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 22,157,763.16 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 73,500.00 | ||
| + | Company Car | Esc 172,200.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 245,705.00 | ||
| Vacancy Advertising | Esc 42,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 52,500.00 | ||
| + | Relocation | Esc 735,000.00 | ||
| + | External Recruitment Agency | Esc 315,000.00 | ||
| + | Tertiary Payroll | Esc 73,500.00 | ||
| + | Legal | Esc 178,500.00 | ||
| + | Administration | Esc 273,000.00 | ||
| = | Total Recruitment Costs | Esc 1,680,000.00 | ||
| Office Setup | Esc 1,575,000.00 | |||
| + | Office Running | Esc 63,000.00 | ||
| + | Telecomms | Esc 37,800.00 | ||
| + | Technology Resource | Esc 89,250.00 | ||
| + | Line Manager | Esc 252,000.00 | ||
| = | Total Facilities Costs | Esc 2,017,050.00 | ||
| = | Total Recruitment and First Year Cost | Esc 26,100,518.16 | ||
| = | Total Cost of Ongoing Employment | Esc 24,420,518.16 |
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 21,000,000.00 in 2023
| Esc 21,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 1,105,263.16 | Annual Employee Bonus in 2023 |
| = | Esc 22,105,263.16 | Cape Verde: Total Cost of Employee in 2023 |
Esc 21,000,000.00 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 21,000,000.00 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