Cape Verde Esc 34,000,000.00 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 34,000,000.00 in Cape Verde in 2023 will cost a total of Esc 42,168,505.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 39,448,505.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 34,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 34,000,000.00 | |||
| + | Employee Bonus | Esc 1,700,000.00 | ||
| + | Payroll overhead | Esc 85,000.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 35,785,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 119,000.00 | ||
| + | Company Car | Esc 278,800.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 397,805.00 | ||
| Vacancy Advertising | Esc 68,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 85,000.00 | ||
| + | Relocation | Esc 1,190,000.00 | ||
| + | External Recruitment Agency | Esc 510,000.00 | ||
| + | Tertiary Payroll | Esc 119,000.00 | ||
| + | Legal | Esc 289,000.00 | ||
| + | Administration | Esc 442,000.00 | ||
| = | Total Recruitment Costs | Esc 2,720,000.00 | ||
| Office Setup | Esc 2,550,000.00 | |||
| + | Office Running | Esc 102,000.00 | ||
| + | Telecomms | Esc 61,200.00 | ||
| + | Technology Resource | Esc 144,500.00 | ||
| + | Line Manager | Esc 408,000.00 | ||
| = | Total Facilities Costs | Esc 3,265,700.00 | ||
| = | Total Recruitment and First Year Cost | Esc 42,168,505.00 | ||
| = | Total Cost of Ongoing Employment | Esc 39,448,505.00 |
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 34,000,000.00 in 2023
| Esc 34,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 1,700,000.00 | Annual Employee Bonus in 2023 |
| = | Esc 35,700,000.00 | Cape Verde: Total Cost of Employee in 2023 |
Esc 34,000,000.00 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 34,000,000.00 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