Benefits
 

There are many benefits to hiring a VA, many which are obvious and others that aren't so apparent. The convenience of having assistance at your fingertips, when YOU need it, is invaluable, along with all other cost savings associated with a VA.

Read about:            When Hiring A Virtual Assistant

                               Points to Consider...

                               Cost Comparison Between a VA and an Employee

Also, our retainer customers receive their own special package of benefits.

 

When hiring a Virtual Assistant:

  • No need for additional equipment or office space.

  • No paying of benefits, vacation or sick time.

  • Save money - An employee can cost you 2 1/2 times their salary!

  • Pay only for the time you need assistance.

  • Guarantee of complete confidentiality.

 Points to Consider... Employee   VA
 

Requires purchase of office space, desk and supplies.

 

Yes -
 

Requires purchase of additional equipment.

 

Yes -
  Requires training and supervision.

 

Yes -
 

Requires payment of Unemployment Compensation Insurance.

 

Yes -
 

Requires payment of FICA, Federal and State Income Tax.

 

Yes -
 

Requires knowledge of and complying with OSHA's regulations.

 

Yes -
 

Requires Medical, Dental and Life Insurance benefits.

 

Yes -
 

Requires legal responsibilities on employee policies: overtime, sick time, vacation time, leave of absence, holidays, benefits, reviews, training, etc.

 

Yes -

 

Time paid while chatting on personal phone calls, office politics, etc.

 

Yes -

Manages your special, seasonal or one-time projects.

- Yes
 

Payment only for time spent on project only.

- Yes
 

Assists you with staying on track and on schedule.

- Yes
 

Available when you need, not as per their schedule.

 

- Yes
 

Confidentiality guaranteed.

- Yes


Cost Comparison Between a VA and an Employee

Typical Costs Associated with Maintaining a Full Time Administrative Assistant

Typical Administrative Assistant Salary $36,000 / $17.31/hr
Paid Vacation - 10 days/year $1385
Temp during Vacation $2000
Health Insurance (employer portion 12 mos.@$150) $1800
Parking (12 mos. @ $50) $600
FICA Taxes (7.65%) $2754
Worker's Comp. (.61%) $220
Unemployment (State & Fed) $309
Misc. costs (Vision, Dental, Disability & 401K Matching, Profit Sharing & Stock Options) $???
Office Space for Assistant - 100s.f. @ rate $2500 - ($25/s.f. is conservative for most cities)
Cost of Overtime Pay
(10hrs/ mo @ 50% premium)
$3115
Idle time during employer's absence (min. 2 wk vacation included for employer) $1500
Annual Bonus - 1 mo. salary $3000
Sick Time - 10 days/year $1385
Intangible costs - Furniture, training & fees, etc. $1200
Total Typical Costs $57,768 - 1.60 times salary

Total Effective hourly rate

100% productive level

$27.77/hr - $57, 768 annually!  1.6 times/salary
75% productive level $37.03/hr - $77,022 annually! 2.4 times/salary
50% productive level $55.55/hr - $115,544 annually! 3.2 times/salary

 

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