VA Simple Services
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Cost Comparison
Full-Time Employee vs. Virtual Assistant
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By hiring a Virtual Assistant... You SAVE over $60,160 per year*
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According to a new survey by America Online and Salary.com, the average worker admits to frittering
away 2.09 hours per 8-hour workday, not including lunch and scheduled break-time. Salary.com
calculated that employers spend $759 billion per year on salaries for which real work was expected, but
not actually performed.
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. Because
Virtual Assistants 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.
*Source: Virtual Assistant Networking Association Cost Comparison
Cost Comparison
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Full-Time Employee
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Virtual Assistant
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Hourly Rate of Pay
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$20
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$35
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Fringe Benefits @ 35% (health, dental, Life ins., retirement plans, etc.)
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$7
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None
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Overhead Rate @ 50% (Office Space, equipment & office supplies, EI insurance, Worker’s compensation, overtime, administrative cost)
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$10
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None
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Assistant Total Effective rate of pay
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$37
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$35
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Hours per year
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2080 hours
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480 hours
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Total Annual cost
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$76,960
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$16,800
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Platinum Solutions Inc. Division
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