Cost Comparison – On-Site Employee or Virtual
Assistant
Think an employee would be better? THINK
AGAIN!
|
Cost
Comparison |
On-Site
Assistant |
Virtual
Assistant |
|
Average Hourly Rate |
$18.27 |
$30.00 - $70.00 |
|
Average Annual Salary |
$ 38,000 |
|
|
Taxes and Benefits |
18,327 |
0 |
|
Overtime & Bonus |
1,971 |
0 |
|
Overhead Costs |
4,700 |
0 |
|
NET Salary |
$ 62,998 |
|
|
NET hourly rate |
$30.29 |
$50.00 |
|
Now factor in the productivity
level of the average employee |
|
Hours Paid |
2,080 |
480 |
|
Wasted Time |
35% |
0% |
|
Average Actual Hours Worked |
1,352 |
480 |
|
|
|
NET hourly rate |
$46.00 |
$50.00
($45.00 with
retainer discount) |
|
Average Productivity* |
65% |
100% |
|
|
|
Cost per month
(NET cost) |
$5,250**
(40 hrs per week) |
$1,800***
(40 hrs per month) |
|
**factored with productivity &
overhead costs |
|
***factored with VA retainer discount ($45.00/hour) |
|
Your savings |
$3,450
(monthly) |
$41,400
(annually) |
*Because
you only pay a Virtual Assistant for ACTUAL time spent on your projects, you
no longer have to pay for time spent on breaks, personal matters, or
cleaning the desk.
You would
have to pay an employee 40 hours per week to do what a VA could do for you
in 40 hours per month!
