Full-time Employee vs a Virtual Assistant Cost Comparison

Want to SAVE over $60,000 in business expenses this year? If you answered yes, read on …

A cost comparison for a full-time employee versus a Virtual Assistant

COST COMPARISON
Full-time
Employee
Virtual Assistant
Hourly Rate of Pay
$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 Labour Cost
$76,960.00
$16,800.00

Difference = $60,160.00 per year

By hiring a Virtual Assistant…
You SAVE over $60,000.00 per year!

Although the Virtual Assistant’s hourly rate is more than the employee’s rate in the first place, you save the cost of benefits and overhead that would have to be applied to the new employee’s wage. And, because Virtual Assistant’s are usually more experienced, more efficient, and better connected than the employee, you’ll need to devote far less time to the project to get the same results, only 480 hours a year versus 2,080 for the new employee.

**Remember, with a Virtual Assistant, you only pay for the time on task by the minute! No more paying for socializing, hour long lunches or frequent trips to the washroom.

Your employee’s 8 hour day can be crunched into 3-4 hours with a Virtual Assistant.

Simply put, you should contract with a Virtual Assistant because it’s more cost-effective and Virtual Assistants go above and beyond the normal assistant’s duties to impact your own productivity. No task is too big or small for a Virtual Assistant to handle. Even if you only have 1 hour of work a month for a Virtual Assistant to do, a VA can (and will) do it.

*Souce: Virtual Assistant Networking Association Cost Comparison
The Largest Global Network Online for Successful and Aspiring Virtual Assistants

VA Information

What is a Virtual Assistant (VA)?

The following is a definition from Virtual Assistant Networking Association

VA Networking.com: Virtual Assistant (VA) is a highly-trained independent entrepreneur who provides a myriad of business support services virtually via phone, fax and internet based technology to support and meet the growing needs of businesses worldwide.

Partnering with a VA reduces stress, protects cash flow, eliminates administrative hassles, and enables business people to find the success they originally set out to achieve.

A VA is your right hand person helping you to succeed in your business. The irony is you may never meet your VA, as odds are they live nowhere near you!"

*Source: Virtual Assistant Networking Association, Virtual Assistant Definition
The Largest Global Meeting Place Online for Aspiring and Successful Virtual Assistants

Ethics of a Virtual Assistant (VA)

  • As a Virtual Assistant, I will maintain the highest ethics and honesty in all dealings with clients, colleagues and the general public.
  • I will seek to deal with colleagues, suppliers and employees in a fair and equitable manner, and maintain the highest standards of personal conduct to bring credit to the Virtual Assistant profession.
  • As a highly ethical Virtual Assistant, I will only take on projects that are within my abilities. If a project is not within my ability, the client will be notified immediately and I will provide recommendations for other highly skilled Virtual Assistants.
  • Client information will be held in the strictest of confidence and will not be shared with others or used for personal gain.
  • I highly value each client relationship and will not place one client above another.
  • I will make a commitment to possess and increase the required knowledge, skills and training to be proficient and relevant in the provision of services.
  • I will be honest about my intentions and never misrepresent my skills, peers, or my profession as a whole, whether to networks or to prospects, clients, and the community at large (virtual or otherwise).
  • I will not knowingly be a part of any illegal or unethical activity.
  • I will promote the Virtual Assistance industry with the utmost professionalism and give of my knowledge freely to new and existing VAs and the general public.

*Source: Virtual Assistant Networking Association, VA Code of Ethics
The Largest Global Meeting Place Online for Aspiring and Successful Virtual Assistants

Contact Us

Please fill out the form below and we will respond to your inquiry as soon as possible. We look forward to hearing from you!

  • Association
  • Association
  • Association
  • Association
  • Association
  • Association
  • Association