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Cost Comparison

Compare the costs of a virtual assistant against a traditional employee:

COST COMPARISON Full-time Employee Virtual Assistant
Hourly Rate of Pay $20.00 $45.00
Fringe Benefits @ 35%
(Health/Dental/Life Insurance, Retirement Plans)
$7.00 None
Overhead Rate @ 50% (Office Space, Equipment & Office Supply Expense, UI Insurance, Worker’s Compensation, Overtime Pay, Administration Costs) $10.00 None
Total Effective Rate of Pay $37.00 $45.00
**Hours Per Year 2,080 hrs 480 hrs
TOTAL Annual Labor Cost $76,960.00 $21,60.00

 

 

 

*Source: Virtual Assistant Networking Association Cost Comparison
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