Cape Verde Esc 33,000,000.00 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 33,000,000.00 in Cape Verde in 2023 will cost a total of Esc 42,278,255.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 39,638,255.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 33,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 33,000,000.00 | |||
| + | Employee Bonus | Esc 3,000,000.00 | ||
| + | Payroll overhead | Esc 82,500.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 36,082,500.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 115,500.00 | ||
| + | Company Car | Esc 270,600.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 386,105.00 | ||
| Vacancy Advertising | Esc 66,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 82,500.00 | ||
| + | Relocation | Esc 1,155,000.00 | ||
| + | External Recruitment Agency | Esc 495,000.00 | ||
| + | Tertiary Payroll | Esc 115,500.00 | ||
| + | Legal | Esc 280,500.00 | ||
| + | Administration | Esc 429,000.00 | ||
| = | Total Recruitment Costs | Esc 2,640,000.00 | ||
| Office Setup | Esc 2,475,000.00 | |||
| + | Office Running | Esc 99,000.00 | ||
| + | Telecomms | Esc 59,400.00 | ||
| + | Technology Resource | Esc 140,250.00 | ||
| + | Line Manager | Esc 396,000.00 | ||
| = | Total Facilities Costs | Esc 3,169,650.00 | ||
| = | Total Recruitment and First Year Cost | Esc 42,278,255.00 | ||
| = | Total Cost of Ongoing Employment | Esc 39,638,255.00 |
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 33,000,000.00 in 2023
| Esc 33,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 3,000,000.00 | Annual Employee Bonus in 2023 |
| = | Esc 36,000,000.00 | Cape Verde: Total Cost of Employee in 2023 |
Esc 33,000,000.00 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 33,000,000.00 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