How a Virtual Assistant Saves You Money

You might be asking yourself, "How can contracting a Virtual Assistant be cheaper than hiring an employee? Your hourly rates are higher than what I would pay an employee to come in and do the same work."

Consider this:

According to a study performed by Salary.com in 2005, the average American worker admits to wasting 2.09 hours per 8 hour work day.

If you pay an administrative assistant $10 per hour, 40 hours per week, that adds up to $104.50 per week. That's $452.83 per month and $5434 per year that you are spending on wages without getting a return on your investment. And that doesn't include direct and indirect expenses commonly associated with having employees!

Let's look at what an hourly employee actually costs an employer. If you have employees already, then you know that just paying an employee $8, $10 or $15 an hour doesn't include their overal cost to you. Direct Personal Expenses (DPE) includes additional costs such as health benefits, paid holidays, and employer FICA contributions.

According to a 2006 U.S. Dept. of Labor Report, DPE ranges from 24.7% to 37.7% of employers' total labor costs. That means your $8-$10 an hour employee is actually costing you about 30% more once you add in benefits, required FICA, insurance, etc.

There’s also the issue of Indirect Expenses (IE) that must be considered. Indirect Expenses are the cost of office space and equipment, materials, and other associated overhead costs. A good rule of thumb for computing IE is .05 times the hourly wage paid. Below is a breakdown of what an hourly employee actually costs you:

Now, let's go back and look at the 2.09 hours per day American employees admit to wasting at work. Your cost for that 2.09 hours wasted by a $10 per hour employee just jumped when you consider DPE and IE costs to you. Now the cost to you is $138.78 per week. That is $601.36 per month, $7216.35 per year that YOU are spending on nothing. No work is being completed for that money! You pay that so an employee can make personal calls, surf the Internet, chit-chat with coworkers, or just stare blankly into space.

What could YOU do with that wasted $601.36 each month?

What kind of advertising could you do with an extra $7216.35 each year?

With a Virtual Assistant, you don't have that wasted time, or the costs associated with it. You only pay for the hours worked on YOUR projects. Nothing more. You don't have direct personal expenses such as paid sick leave or holidays. You don't have workman's comp or FICA. You don't have indirect expenses such as additional office space, equipment or office supplies.

We supply all that! We don't require equipment, office space, training or any of the other headaches associated with hourly employees because we work from our own office.

And if you only need occasional help? You don't have to pay for an ad in the paper to find us. You don't have to spend countless hours each year talking to temp agencies and hoping they send you someone competent. Don't waste your valuable time interviewing, perusing resumes, or tying to find the perfect fit when you only need extra help around the office for a few days or weeks.

Just pick up the phone or send an email and we'll take care of it for you!

Want to learn more about how Virtually Yours LLC can help your business grow? Contact us today to schedule a Complimentary Consultation.