Cost Comparison Calculator
What is the Cost or Salary of Hiring an Office Assistant vs. the Average Cost of Partnering with a Virtual Assistant?
Hiring an Assistant for your office - full time:
- Base Salary: $14.75/hr
- Benefits: 15% of salary
- Vacation, holiday, sick time: 13%
- Payroll Taxes: 12%*
- Administrative Costs: 7%** (recruiting, hiring, training, record maintenance etc.)
- Space & Equipment for in-house employee: estimated at $2,000
- Annual Total: $50,250
Don't forget the less obvious, and difficult to quantify, expenses such as overhead related to time and money spent-filling and training your position, the cost of computers and other office technology office space, lunch hours, sick and vacation pay and numerous wasted, non-productive hours on the clock.
Average Cost of a Virtual Assistant
Remember, when partnering with a Virtual Assistant you only pay for the hours worked!
- Base retainer of 20 hours a month @ $45.00/hr
- Benefits: $0.00
- Vacation, holiday, sick time: $0.00
- Payroll Taxes: $0.00
- Administrative Costs: $0.00
- Space & Equipment for Virtual Assistant: $0.00
- Occasional overage of hours agreed on between partners @ $45.00/hr.
- Annual Total: $12,960*
Wouldn't you like to save nearly $20,000 each year to invest in your business?
* Figures are estimates from the US Chamber of Commerce
Virtual Assistants are self employed entrepreneurs and each sets an hourly rate based on his or her experience. You can expect an hourly rate starting at about $35/hr and up.
With a Virtual Assistant you don't pay for lunch hours, sick leave, or vacation pay; and there's no such thing as paid down time because a Virtual Assistant invoices only for the exact time spent working on your projects. There's no need to supply a Virtual Assistant with a computer or other expensive office equipment because a professional Virtual Assistant operates a fully functional home office. And, as an independent contractor, a Virtual Assistant handles their own taxes and benefits. There is no additional cost to you beyond the actual rate at which you contract your virtual service provider.
By working with a Virtual Assistant, you're cutting overhead and increasing productivity because a Virtual Assistant works for you only if and when you require it. And, because a Virtual Assistant is skilled in providing administrative services there is no training period, so you have more time for your own clients.
To learn more about how our Virtual Business services can assist you, please contact us.
