Statistics show that employers can pay 1.5 to 2.5 times the amount of the actual
salary of an employee. Benefits, taxes, overtime, vacation time, sick days,
general overhead, and unproductive time can add up to huge costs!
In addition, a full-time staff person is estimated to lose 35% of productivity
because of idle time, errands, incidental tasks, personal matters, and an
extended learning curve for certain training. This, combined with an employer’s
inability to be 100% productive due to distractions, staff meetings, company
functions, and lack of time to delegate or supervise, could result in paying up
to 3 times the employee’s actual salary! Virtual Assistants can be highly
productive because they are being compensated ONLY for the ACTUAL hours worked.
EMPLOYEE
VIRTUAL ASSISTANT (VA)
Salary (Annual)
Base Salary
$38,000.00
$18.27/hr @
40 hrs. per week
Hourly Rate
$45.00 - $50.00
per hour*
Paid for actual hours
worked
Overtime & Bonus
1,971.00
*rates vary –
$30.00-$70.00 per hr.
Total Annual Pay
$39,971.00
*Based on Retainer Contract ($45 per hour)
Benefits / Taxes
Weekly
$450.00
10 hours
401k
$1,598.84
4%
Monthly
1,800.00
40 hours
Social Security
2,478,20
6.20%
Annually
21,600.00
480 hours
Medicare
579.58
1.45%
Savings of $38,985.52
Medical Insurance
6,000.00
$500/month
Dental Insurance
1,200.00
$100/month
Weekly
$675.00
15 hours
Vision Insurance
1,200.00
$100/month
Monthly
2,700.00
60 hours
Vacation Time
1,200.00
$100/month
Annually
32,400.00
720 hours
Personal Days
438.48
3 days 146.16
Savings of $28,185.52
Sick Days
1,461.60
10 days
Holidays
1,023.12
7 days
Weekly
$900.00
20 hours
Total Benefits
$17,179.82
Monthly
3,600.00
80 hours
Annually
43,200.00
960 hours
Other Expenses
Savings of $17,385.52
Office Space
$2,000.00
Includes general
overhead costs (equipment, utilities, office space lease –
conservative estimate)
