- no time/money spent on hiring processes

- no need for office space

- no need for additional equipment

- no source deductions, benefits, vacations

- you pay by the minute

- no money spent on idle (breaks or personal issues) or sick time

- no training/supervision required

A cost comparison for a full-time employee versus a Virtual Assistant

FULL TIME EMPLOYEE VIRTUAL ASSISTANT
HOURLY RATE PER HOUR $20.00 $35.00
FRINGE BENEFITS (35%)(Health/dental/life insurance, retirement plans, sick/vacation pay) $7.00 0
OVERHEAD RATE (50%)(Office space, equipment, office supplies, EI premium, Worker’s Compensation, overtime and administration cost) $10.00 0
Hours per year** 2,000 1,000
TOTAL ANNUAL COST $74,000 $35,000

**With Virtual Assistants you only pay for the time spent on task by the minute. You don’t pay for idle time, socializing, long breaks and lunches, etc.

TOTAL SAVINGS PER YEAR $39,000

Virtual Assistants charge more per hour but with the experience and expertise that they have, they can easily complete 8 hours worth of work in 3-4 hours time.