It often amazes me that business owners who really can do with a virtual assistant are soooo busy that they forget to think about the difference and benefits in pricing and usability of a virtual assistant. For instance have a look at the following calculator for contemplation and then take a proactive approach to saving your business money, time and resources.
Here is the calculator:
Compare the cost of working with COMPANY NAME to full-time, in-office assistance:
What is the actual cost of a full-time, in-office assistant?
Assume a minimum of $25 per hour at 40 hours per week.
Over the course of a year you’re spending $48,000 on salary alone.
Add in the cost of health insurance, taxes, 401K, etc. at approximately 30-40% of salary and you’re spending about $64,800 annually for your full time, in-house employee.
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.
Enter your current hourly rate for in-office assistance, or assume a minimum of $25 per.
$ hourly
x 40 hours
= $1,000 weekly
x 4 weeks
= $4,000 monthly
x 12 months
= $48,000
+ 35%
(taxes/benefits)
= $64,800+ annually
[+ lunch breaks, sick and holiday pay, office space, technology, non-productive hours]
Compare to the cost of working with a Virtual Assistant
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 VA 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.
With a Virtual Assistant, you’re cutting overhead and increasing productivity because a VA works for you only if and when you require it. And, because a Virtual Assistant is skilled in providing virtual administrative services there is no training period, so you have more time for your own clients. To learn more about how COMPANY NAME can assist you, please contact us.
Enter the number of hours per week you will require of COMPANY NAME, or assume 20 hours per week.
$35 hourly
x hours
= $700 weekly
x 4 weeks
= $2,800 monthly
x 12 months
= $33,600 annually
[With a Virtual Assistant you never pay for taxes, benefits, lunch breaks, sick or holiday pay, technology, or non-productive hours because a VA is an independent contractor working from their own home office only if and when you require assistance.]
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