Most professionals view having a virtual assistant as a a great idea but a novelty. This post will outline the cost structure to having a virtual assistant as opposed to having an on site employee.
Lets work out the numbers:
Consider an on site employee at a minimum of $15 per hour. Calculate:
$15 x 40 hours = $600 Weekly
$600 x 4 weeks = $2400 Monthly
$2400 x 12 months = $28,800 Year
+ 35% (Taxes & Benefits) = $38,880 Annually
(Now add in lunch breaks, office space, equipment, supplies, technology, non-productive hours, sick & holiday pay, that is some big money, which is not always being put to good use)
Now consider a Virtual Assistant at an example rate of $25 per hour. First, figure out approximately how many hours you will actually require of your virtual assistant, for this example lets assume 20 hours per week (each individuals specific needs will vary).
$25 Hourly Rate for a VA Calculate:
$25 x 20 hours = 500 Weekly
$500 x 4 weeks = $2000 Monthly
$2000 x 12 months = $24,000 Annually
Total Cost = $24,000 Annually
Virtual assistants work as subcontractors so you never have to worry about taxes or providing insurance. VA’s work from their off-site offices and provide their own equipment, supplies and technology. Not to mention, with a VA you do not pay for lunch breaks, potty breaks, sick, holiday or vacation time. The client doesn’t have to be concerned about non-productive hours as they are only paying for the work received. Even if you only require part-time assistance just divide the both numbers in half because utilizing a VA will allow you to cut the hours of on site assistance at least in half as a VA can do a considerable amount more in an hours time as opposed to an onsite employee.
Evaluating the above example, we can see that utilizing a Virtual Assistant will give you an absolute minimum savings of $14,880! That extra savings could purchase you more than 6 months of additional VA service!
Now the question goes from “Can you afford a Virtual Assistant?” to “Can you afford not to have a Virtual Assistant?”
At McClure Virtual Business Solutions, our team offers highly competitive rates and a wide variety of prepaid packaged plans that offer additional savings. In addition to our great rates, we offer Client Loyalty Rewards and Referral Programs. We offer free, no obligation consultations as our rate plans are customized to fit the individual client needs. Our philosopy at MVBS is to simplify and streamline the lives and businesses of our clients so that they may conduct both aspects in the manners in which they most desire. Contact us at firstname.lastname@example.org for more information or with any questions you may have.