Virtual Assistant

Virtual Assistant And Costs

Full-time Employee vs Virtual Assistant (VA)Cost Comparison

A cost comparison for a full-time employee versus a VA

COST COMPARISON	Full-time Employee	Virtual Assistant
Hourly Rate of Pay	$20.00	$35.00
Fringe Benefits @ 35% (Health/Dental/Life Insurance, Retirement Plans)	7.00	None
Overhead Rate @ 50% (Office Space, Equipment & Office Supply expense, UI Insurance, Worker's Compensation, Overtime Pay, Administration Costs)	$10.00	None
Total Effective Rate of Pay	$37.00	$35.00
**Hours Per Year	2,080 hrs.	480 hrs.
TOTAL Annual Labour Cost	$76,960.00	$16,800.00

Difference = $60,160.00 per year

Although the VA's hourly rate is more than the employee's rate in the first place, you save the cost of benefits and overhead that would have to be applied to the new employee's wage. And, because VA's are usually more experienced, more efficient, and better connected than the employee, you'll need to devote far less time to the project to get the same results, only 480 hours a year versus 2,080 for the new employee.

**Remember, with a VA, you only pay for the time on task by the minute! No more paying for socializing, hour long lunches or frequent trips to the washroom.

An employee's 8 hour day can be crunched into 3-4 hours with a VA.

Simply put, you should contract with a VA because it's more cost-effective and VA's go above and beyond the normal assistant's duties to impact your own productivity. No task is too big or small for a VA to handle. Even if you only have 1 hour of work a month for a VA to do, a VA can (and will) do it.

Virtual Assistant's

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