Cape Verde Esc 35,000,000.00 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 35,000,000.00 in Cape Verde in 2023 will cost a total of Esc 43,408,755.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 40,608,755.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 35,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 35,000,000.00 | |||
| + | Employee Bonus | Esc 1,750,000.00 | ||
| + | Payroll overhead | Esc 87,500.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 36,837,500.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 122,500.00 | ||
| + | Company Car | Esc 287,000.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 409,505.00 | ||
| Vacancy Advertising | Esc 70,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 87,500.00 | ||
| + | Relocation | Esc 1,225,000.00 | ||
| + | External Recruitment Agency | Esc 525,000.00 | ||
| + | Tertiary Payroll | Esc 122,500.00 | ||
| + | Legal | Esc 297,500.00 | ||
| + | Administration | Esc 455,000.00 | ||
| = | Total Recruitment Costs | Esc 2,800,000.00 | ||
| Office Setup | Esc 2,625,000.00 | |||
| + | Office Running | Esc 105,000.00 | ||
| + | Telecomms | Esc 63,000.00 | ||
| + | Technology Resource | Esc 148,750.00 | ||
| + | Line Manager | Esc 420,000.00 | ||
| = | Total Facilities Costs | Esc 3,361,750.00 | ||
| = | Total Recruitment and First Year Cost | Esc 43,408,755.00 | ||
| = | Total Cost of Ongoing Employment | Esc 40,608,755.00 |
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 35,000,000.00 in 2023
| Esc 35,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 1,750,000.00 | Annual Employee Bonus in 2023 |
| = | Esc 36,750,000.00 | Cape Verde: Total Cost of Employee in 2023 |
Esc 35,000,000.00 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 35,000,000.00 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