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| Cost comparison of an Employee VS. A Virtual Assistant | | | | | | Admin/Secretarial Employee | Virtual Assistant | | | | | | Base Hourly Rate | $12.00 per hour | | $15.00 per hour | | | | | | Benefits ( health | $4.20 per hour | Benefits | $0 | | insurance, retirement | | | | | plan, sick pay, | | | | | holiday pay) at 35% | | | | | | | | | Overheads (incl. office | $6.00 per hour | Overheads | $0 | | space, equipment, | | | | | supplies, furniture | | | | | at 50% | | | | | | | | | Total hourly rate | $22.20 per hour | Total hourly rate | $15.00 per hour | | | | | | Annual cost based on | | Total annual cost based | | | 2080 hours per year | $46,176.00 | on 1040 hours per year | $15,600 |
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