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Your $17.31/hour employee just became a $55/hour employee

Virtual Assistance is extremely cost effective, much more than hiring an employee.  Up front you may pay more per hour than a regular employee but when you think of the “real cost” of an employee, you have to factor in:
  • Creating the position and job description;
  • Advertising the new position;
  • Screening resumes;
  • Interviewing;
  • Office space, equipment, computer, & internet;
  • Training of the new employee;
  • Then add FICA, state unemployment taxes, Social Security, disability insurance, health insurance, vacation, sick time, 401(k), profit sharing, Christmas bonus, holiday pay, overtime and other benefits you need to offer a regular employee, and a Virtual Assistant's wage is actually far lower than that of a regular employee.

Take for example the tabulated cost of hiring an in-house assistant for the average business. The break down is like this: 

*Courtesy of Janet L. Jordan, MVA

Typical Salary
$36,000 or $17.31/hr
Paid Vacation
$1,385
Temp Hire during Vacation
$2,000
Health Insurance (employer portion) 
$1,800
FICA Taxes (7.65%) 
$2,754
Worker’s Comp (.61%) 
$220
Unemployment (State & Federal) 
$310

Misc costs (401k Match, profit sharing, vision, dental, etc.)

$ ???

Office space (100 s.f. @ conservative $25/s.f.)

$2,500
Overtime pay (10 hours at time and a half)
$3,115

Idle time during employer’s absence (min. 2 wk vac included for employee)

$1,500
Annual Bonus (1 mo. Salary)
$3,115
Sick time (10 days per year)
$1,385
Other tangible costs (ie. furniture, testing and fees, sick children, breaks, parking etc.)
$1,800 (very conservative figure)
TOTAL typical all in costs 
$57,768 (1.6x salary)
Total Effective hourly rate 
$27.77 per hour
At 75% productive level
$37.03 per hour *
At 50% productive level
$55.55 per hour *

*Full time staff is seldom 100% productive due to idle time between tasks, personal matters, or the inability of the employer to generate work for the staff because of distractions, meetings, and commitments.

 

Your $17.31/hour employee just became a $55/hour employee plus you have greater liabilities and you still have to manage her and replace her if she doesn't work out, thus go through that whole process again.

 

Solutions Virtual Assistance charges between $40 and $80 per hour (depending on the tasks) with discounts in packages.  You only pay for the time I actually spend working on your tasks and this way, you come out ahead.

A small business owner with no staff, a business with a full and overworked staff, executives, entrepreneurs, non-profit organizations, coaches, authors, consultants, real estate agents, entertainers, home-based business owners. 

 

ANYONE may need assistance in any type of task from desktop publishing, such as creating brochures, newsletters, flyers and taking care of your bulk mail to creating and maintaining a database for you to creating a website.  Whatever your situation, we can help.

 

With my knowledge and experience I can assist you in meeting and exceeding your business and personal life goals.

 

Contracting with Solutions as your personal, "virtual" assistant is a cost effective way of handling your administrative needs - on time and within your budget.