Cape Verde Esc 27,000,000.00 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 27,000,000.00 in Cape Verde in 2023 will cost a total of Esc 33,364,027.73 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 31,204,027.73 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 27,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
Employee Salary | Esc 27,000,000.00 | |||
+ | Employee Bonus | Esc 1,227,272.73 | ||
+ | Payroll overhead | Esc 67,500.00 | ||
+ | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
= | Total Payroll Costs | Esc 28,294,772.73 | ||
---|---|---|---|---|
Employer Pension Contribution | Esc 0.00 | |||
+ | Private Healthcare | Esc 94,500.00 | ||
+ | Company Car | Esc 221,400.00 | ||
+ | Shares (% of Base Salary) | Esc 5.00 | ||
= | Total Employee Benefits Costs | Esc 315,905.00 | ||
Vacancy Advertising | Esc 54,000.00 | |||
+ | Employee Referral | Esc 0.00 | ||
+ | Travel and Accomodation | Esc 67,500.00 | ||
+ | Relocation | Esc 945,000.00 | ||
+ | External Recruitment Agency | Esc 405,000.00 | ||
+ | Tertiary Payroll | Esc 94,500.00 | ||
+ | Legal | Esc 229,500.00 | ||
+ | Administration | Esc 351,000.00 | ||
= | Total Recruitment Costs | Esc 2,160,000.00 | ||
Office Setup | Esc 2,025,000.00 | |||
+ | Office Running | Esc 81,000.00 | ||
+ | Telecomms | Esc 48,600.00 | ||
+ | Technology Resource | Esc 114,750.00 | ||
+ | Line Manager | Esc 324,000.00 | ||
= | Total Facilities Costs | Esc 2,593,350.00 | ||
= | Total Recruitment and First Year Cost | Esc 33,364,027.73 | ||
= | Total Cost of Ongoing Employment | Esc 31,204,027.73 |
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 27,000,000.00 in 2023
Esc 27,000,000.00 | Annual Employee Salary in 2023 | |
+ | Esc 1,227,272.73 | Annual Employee Bonus in 2023 |
= | Esc 28,227,272.73 | Cape Verde: Total Cost of Employee in 2023 |
Esc 27,000,000.00 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 27,000,000.00 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