|
Typical Costs of Maintaining
a
Full Time Administrative Assistant vs. A
Virtual Assistant
(compiled by Janet Jordan, MVA, www.YourMVA.com)
| |
|
Full Time |
|
Virtual Assistant |
| Typical
Salary |
|
$36,000/
$17.31/hr. |
|
Paid
by assignment |
| Paid
Vacation |
|
$1385 |
|
$0 |
| Temp
during Vacation |
|
$2000 |
|
$0 |
| Health
Insurance (employer portion
12 mos.@$150) |
|
$1800 |
|
$0 |
| Parking
(12 mos. @ $50) |
|
$600 |
|
$0 |
| FICA
Taxes (7.65%) |
|
$2754 |
|
$0 |
| Worker's
Comp. (.61%) |
|
$220 |
|
$0 |
| Unemployment
(State & Fed) |
|
$309 |
|
$0 |
| Misc.
costs (Vision, Dental,
Disability & 401K Matching, Profit Sharing & Stock Options) |
|
$??? |
|
$0 |
| Office
Space for Secretary
100
s.f. @ applicable rate |
|
$2500
$25/s.f. is conservative |
|
$0 |
| Cost
of Overtime Pay
(10hrs/
mo @ 50% premium) |
|
$3115 |
|
$0 |
| Idle
time during employer's absence (min. 2 wk vacation included for employer) |
|
$1500 |
|
$0 |
| Annual
Bonus (1 mo. salary) |
|
$3000 |
|
$0 |
| Sick
Time (10 days/year) |
|
$1385 |
|
$0 |
| Other
intangible costs (furniture, testing,
training & fees, sick children, etc.) |
|
$1200
Conservative figure |
|
$0
|
| Total
Typical All In Costs |
|
$57,768
1.60 times salary |
|
Depending
on Assignment |
| Total
Effective hourly rate |
|
$27.77/hour |
|
$0 |
| 75%
productive level |
|
$37.03/hour |
|
$0 |
| 50%
productive level |
|
$55.55/hour |
|
$0 |
Note-Full time staff is seldom 100%
productive due to idle time between tasks, personal matters,
inability of employer to generate work for staff because of distractions,
meetings and commitments.
A Virtual Assistant is 100% productive! |