Cape Verde Esc 25,000,000.00 Salary - Recruitment and Employment Costs Example
Sponsor: None [Sponsor Enquiry]
Published on: 2023-04-19 10:46:30
Last modified: 2023-04-25 13:35:44
Rating: ★★★★★ [ No Votes yet, be the first ]
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 25,000,000.00 in Cape Verde in 2023 will cost a total of Esc 30,682,180.93 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 28,682,180.93 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 25,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 25,000,000.00 | |||
| + | Employee Bonus | Esc 925,925.93 | ||
| + | Payroll overhead | Esc 62,500.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 25,988,425.93 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 87,500.00 | ||
| + | Company Car | Esc 205,000.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 292,505.00 | ||
| Vacancy Advertising | Esc 50,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 62,500.00 | ||
| + | Relocation | Esc 875,000.00 | ||
| + | External Recruitment Agency | Esc 375,000.00 | ||
| + | Tertiary Payroll | Esc 87,500.00 | ||
| + | Legal | Esc 212,500.00 | ||
| + | Administration | Esc 325,000.00 | ||
| = | Total Recruitment Costs | Esc 2,000,000.00 | ||
| Office Setup | Esc 1,875,000.00 | |||
| + | Office Running | Esc 75,000.00 | ||
| + | Telecomms | Esc 45,000.00 | ||
| + | Technology Resource | Esc 106,250.00 | ||
| + | Line Manager | Esc 300,000.00 | ||
| = | Total Facilities Costs | Esc 2,401,250.00 | ||
| = | Total Recruitment and First Year Cost | Esc 30,682,180.93 | ||
| = | Total Cost of Ongoing Employment | Esc 28,682,180.93 |
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 25,000,000.00 in 2023
| Esc 25,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 925,925.93 | Annual Employee Bonus in 2023 |
| = | Esc 25,925,925.93 | Cape Verde: Total Cost of Employee in 2023 |
Esc 25,000,000.00 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 25,000,000.00 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