Cape Verde Esc 32,000,000.00 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 32,000,000.00 in Cape Verde in 2023 will cost a total of Esc 40,221,338.33 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 37,661,338.33 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 32,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 32,000,000.00 | |||
| + | Employee Bonus | Esc 2,133,333.33 | ||
| + | Payroll overhead | Esc 80,000.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 34,213,333.33 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 112,000.00 | ||
| + | Company Car | Esc 262,400.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 374,405.00 | ||
| Vacancy Advertising | Esc 64,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 80,000.00 | ||
| + | Relocation | Esc 1,120,000.00 | ||
| + | External Recruitment Agency | Esc 480,000.00 | ||
| + | Tertiary Payroll | Esc 112,000.00 | ||
| + | Legal | Esc 272,000.00 | ||
| + | Administration | Esc 416,000.00 | ||
| = | Total Recruitment Costs | Esc 2,560,000.00 | ||
| Office Setup | Esc 2,400,000.00 | |||
| + | Office Running | Esc 96,000.00 | ||
| + | Telecomms | Esc 57,600.00 | ||
| + | Technology Resource | Esc 136,000.00 | ||
| + | Line Manager | Esc 384,000.00 | ||
| = | Total Facilities Costs | Esc 3,073,600.00 | ||
| = | Total Recruitment and First Year Cost | Esc 40,221,338.33 | ||
| = | Total Cost of Ongoing Employment | Esc 37,661,338.33 |
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 32,000,000.00 in 2023
| Esc 32,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 2,133,333.33 | Annual Employee Bonus in 2023 |
| = | Esc 34,133,333.33 | Cape Verde: Total Cost of Employee in 2023 |
Esc 32,000,000.00 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 32,000,000.00 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