Cape Verde Esc 7,000,000.00 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 7,000,000.00 in Cape Verde in 2023 will cost a total of Esc 8,573,134.31 for the first year of employment including recruitment and facilities costs. After this the operational cost of the employee will drop to Esc 8,013,134.31 per annum.
The table below details the cost of recruitment and operational ongoing costs for an employee earning Esc 7,000,000.00 in Cape Verde in 2023. The calculation includes payroll deductions, for example pension and social security commitments for employers.
| Employee Salary | Esc 7,000,000.00 | |||
| + | Employee Bonus | Esc 241,379.31 | ||
| + | Payroll overhead | Esc 17,500.00 | ||
| + | Payroll Costs (Social Security etc.) | Esc 0.00 | ||
| = | Total Payroll Costs | Esc 7,258,879.31 | ||
|---|---|---|---|---|
| Employer Pension Contribution | Esc 0.00 | |||
| + | Private Healthcare | Esc 24,500.00 | ||
| + | Company Car | Esc 57,400.00 | ||
| + | Shares (% of Base Salary) | Esc 5.00 | ||
| = | Total Employee Benefits Costs | Esc 81,905.00 | ||
| Vacancy Advertising | Esc 14,000.00 | |||
| + | Employee Referral | Esc 0.00 | ||
| + | Travel and Accomodation | Esc 17,500.00 | ||
| + | Relocation | Esc 245,000.00 | ||
| + | External Recruitment Agency | Esc 105,000.00 | ||
| + | Tertiary Payroll | Esc 24,500.00 | ||
| + | Legal | Esc 59,500.00 | ||
| + | Administration | Esc 91,000.00 | ||
| = | Total Recruitment Costs | Esc 560,000.00 | ||
| Office Setup | Esc 525,000.00 | |||
| + | Office Running | Esc 21,000.00 | ||
| + | Telecomms | Esc 12,600.00 | ||
| + | Technology Resource | Esc 29,750.00 | ||
| + | Line Manager | Esc 84,000.00 | ||
| = | Total Facilities Costs | Esc 672,350.00 | ||
| = | Total Recruitment and First Year Cost | Esc 8,573,134.31 | ||
| = | Total Cost of Ongoing Employment | Esc 8,013,134.31 |
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 7,000,000.00 in 2023
| Esc 7,000,000.00 | Annual Employee Salary in 2023 | |
| + | Esc 241,379.31 | Annual Employee Bonus in 2023 |
| = | Esc 7,241,379.31 | Cape Verde: Total Cost of Employee in 2023 |
Esc 7,000,000.00 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 7,000,000.00 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