Cape Verde Esc 26,000,000.00 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 26,000,000.00 in Cape Verde in 2023 will cost a total of Esc 31,946,505.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 29,866,505.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 26,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 26,000,000.00 | |||
| + | Employee Bonus | Esc 1,000,000.00 | ||
| + | Payroll overhead | Esc 65,000.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 27,065,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 91,000.00 | ||
| + | Company Car | Esc 213,200.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 304,205.00 | ||
| Vacancy Advertising | Esc 52,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 65,000.00 | ||
| + | Relocation | Esc 910,000.00 | ||
| + | External Recruitment Agency | Esc 390,000.00 | ||
| + | Tertiary Payroll | Esc 91,000.00 | ||
| + | Legal | Esc 221,000.00 | ||
| + | Administration | Esc 338,000.00 | ||
| = | Total Recruitment Costs | Esc 2,080,000.00 | ||
| Office Setup | Esc 1,950,000.00 | |||
| + | Office Running | Esc 78,000.00 | ||
| + | Telecomms | Esc 46,800.00 | ||
| + | Technology Resource | Esc 110,500.00 | ||
| + | Line Manager | Esc 312,000.00 | ||
| = | Total Facilities Costs | Esc 2,497,300.00 | ||
| = | Total Recruitment and First Year Cost | Esc 31,946,505.00 | ||
| = | Total Cost of Ongoing Employment | Esc 29,866,505.00 |
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 26,000,000.00 in 2023
| Esc 26,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 1,000,000.00 | Annual Employee Bonus in 2023 |
| = | Esc 27,000,000.00 | Cape Verde: Total Cost of Employee in 2023 |
Esc 26,000,000.00 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 26,000,000.00 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