Cape Verde Esc 31,000,000.00 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 31,000,000.00 in Cape Verde in 2023 will cost a total of Esc 39,715,936.82 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 37,235,936.82 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 31,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 31,000,000.00 | |||
| + | Employee Bonus | Esc 2,818,181.82 | ||
| + | Payroll overhead | Esc 77,500.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 33,895,681.82 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 108,500.00 | ||
| + | Company Car | Esc 254,200.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 362,705.00 | ||
| Vacancy Advertising | Esc 62,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 77,500.00 | ||
| + | Relocation | Esc 1,085,000.00 | ||
| + | External Recruitment Agency | Esc 465,000.00 | ||
| + | Tertiary Payroll | Esc 108,500.00 | ||
| + | Legal | Esc 263,500.00 | ||
| + | Administration | Esc 403,000.00 | ||
| = | Total Recruitment Costs | Esc 2,480,000.00 | ||
| Office Setup | Esc 2,325,000.00 | |||
| + | Office Running | Esc 93,000.00 | ||
| + | Telecomms | Esc 55,800.00 | ||
| + | Technology Resource | Esc 131,750.00 | ||
| + | Line Manager | Esc 372,000.00 | ||
| = | Total Facilities Costs | Esc 2,977,550.00 | ||
| = | Total Recruitment and First Year Cost | Esc 39,715,936.82 | ||
| = | Total Cost of Ongoing Employment | Esc 37,235,936.82 |
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 31,000,000.00 in 2023
| Esc 31,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 2,818,181.82 | Annual Employee Bonus in 2023 |
| = | Esc 33,818,181.82 | Cape Verde: Total Cost of Employee in 2023 |
Esc 31,000,000.00 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 31,000,000.00 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