What are some of the advantages of hiring a VA verses a full-time, in-office employee?
We can begin with the fact that Virtual Assistants possess a variety of skill sets that span multiple professions and are therefore able to fill multiple roles. Just a few of them include:
|Web Designer & Developer||$46K|
|Digital Marketing Manager||$60K|
|Customer Services Manager||$52K|
The average pay rate for the above positions is $29 per hour.
The typical American employee works over 1789 hours, which makes the estimated cost to fill just one of the above positions (at an average pay rate of $29), over $51,000.
What is the actual cost of a full-time, in-office assistant?
Assume a minimum of $25 per hour at 40 hours per week. Over the course of a year you’re spending $48,000 on salary alone. Add in the cost of health insurance, taxes, 401K, etc. at approximately 30-40% of salary and you’re spending about $64,800 annually for your full time, in-house employee. Don’t forget the less obvious, and difficult to quantify, expenses such as overhead related to time and money spent filling and training your position, the cost of computers and other office technology, office space, lunch hours, sick and vacation pay, and numerous wasted, non-productive hours on the clock.
Compare to the cost of working with a Virtual Assistant.
With a Virtual Assistant there’s no such thing as paid down time because a VA invoices only for the exact time spent working on your projects and supporting your business. There’s no need to supply a Virtual Assistant with a computer or other expensive office equipment because a professional Virtual Assistant operates a fully functional home office. And, as an independent contractor, a Virtual Assistant handles their own taxes and benefits. There is no additional cost to you beyond the actual rate at which you contract your virtual service provider.
With a Virtual Assistant, you’re cutting overhead and increasing productivity because a VA works for you only if and when you require it. And, because a Virtual Assistant is skilled at providing virtual administrative services there is no training period, so you have more time for your own clients. To learn more about how Life Liberty VA can assist you, please contact me.
1 Salary.com. New York 2015. http://payscale.com/
2 Economic Development and Cooperation. 2014. http://stats.oecd.org/Index.aspx?DataSetCode=ANHRS