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Virtual Assistants generally charge
by the hour, at rates ranging from $25-50, we provide estimates
for projects, based on the needs of the individual client,
depending upon the expertise required. You should expect
to pay more, of course, for specialized services such as
Web site design.
When you first look
at it, this could appear as a high rate, but if you look
at the "real
cost" of employees statistics show that employees
actually cost 2 to 2 1/2 times their rate of pay when one
factors in cost of:
- recruiting
- paying a base salary
- employment taxes
- mandatory insurance
- benefits
- space
- equipment
And don't forget the variables that
are difficult to put a price tag on:
- time lost on socializing, web surfing
- the risk of lawsuits
- personality conflicts
- employee training
There is also the expense of hiring
the employee in the first place, advertising, screening,
resumes, interviewing, re-interviewing, and paying two
people for the training period. If something happens or
the person is not a good fit for your business then you
face the unpleasant experience of having to fire an employee,
you have to go through the process all over again.
You're sure to pay considerably less
for a Virtual Assistant. You could hire a VA for as little
as one hour a week--- remember you pay by the time spent
or by the project. Could you hire an employee for that?
Would you like to SAVE thousands of
dollars in business expenses this year?
If you answered yes, read on...
Below is an average cost comparison:
BUSINESS
COMPARISON of LABOR COSTS |
Full-time
Employee |
Virtual
Assistant |
Average
Hourly Wage |
$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 Labor Cost |
$76,960.00 |
$16,800.00 |
** Hours per year courtesy of www.vanetworking.com
Difference = Tens of thousands of $’s
per year
While the Virtual Assistant's hourly
rate is usually more than the employee's rate, your business
savings come in the reduced cost of benefits and overhead
that would have to be applied to the new employee's wage.
And, because Virtual Assistant's can be selected for general
work as well as specific projects they are usually more
experienced, efficient, and better connected than the typical
new hire, therefore less of your time will need to be devoted
to a project to get the same results.
****Remember, when using the services
of a Virtual Assistant, you are only paying for the time
spent on the specific task or by the project! No more paying
for socializing, hour long lunches, extended phone calls,
cigarette breaks or frequent trips to the washroom (not
that these time wasting issues apply to all employees).
Simply speaking, contracting with a
Virtual Assistant is cost-effective solution for your business.
No task is too big or small for a VA to handle even if
it’s only an hour of work a month if it will make an impact
on your productivity and help grow your business. |
