Cape Verde Esc 36,000,000.00 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 36,000,000.00 in Cape Verde in 2023 will cost a total of Esc 45,099,005.00 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 42,219,005.00 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 36,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 36,000,000.00 | |||
| + | Employee Bonus | Esc 2,250,000.00 | ||
| + | Payroll overhead | Esc 90,000.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 38,340,000.00 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 126,000.00 | ||
| + | Company Car | Esc 295,200.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 421,205.00 | ||
| Vacancy Advertising | Esc 72,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 90,000.00 | ||
| + | Relocation | Esc 1,260,000.00 | ||
| + | External Recruitment Agency | Esc 540,000.00 | ||
| + | Tertiary Payroll | Esc 126,000.00 | ||
| + | Legal | Esc 306,000.00 | ||
| + | Administration | Esc 468,000.00 | ||
| = | Total Recruitment Costs | Esc 2,880,000.00 | ||
| Office Setup | Esc 2,700,000.00 | |||
| + | Office Running | Esc 108,000.00 | ||
| + | Telecomms | Esc 64,800.00 | ||
| + | Technology Resource | Esc 153,000.00 | ||
| + | Line Manager | Esc 432,000.00 | ||
| = | Total Facilities Costs | Esc 3,457,800.00 | ||
| = | Total Recruitment and First Year Cost | Esc 45,099,005.00 | ||
| = | Total Cost of Ongoing Employment | Esc 42,219,005.00 |
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 36,000,000.00 in 2023
| Esc 36,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 2,250,000.00 | Annual Employee Bonus in 2023 |
| = | Esc 38,250,000.00 | Cape Verde: Total Cost of Employee in 2023 |
Esc 36,000,000.00 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 36,000,000.00 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