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What is the true cost of a full-time, in-house assistant vs. Virtual Executive Assist?

Full-time Employee

Based on $25 an hour*

40 hours per week = $1,000 a week

*The average executive administrative assistant earns $25-$55 per hour.

 

Cost per year (x 52 weeks) = $52,000 annually

+ 25% (taxes/insurance) = $13,000 annually

+ 40% Miscellaneous* = $20,800 annually

Total cost = $85,800 annually

 

*Miscellaneous = recruiting expense, training, office space, office furniture, computer software/ equipment, telephone/ voice mail system, cell phones, utilities, employee benefits such as 401K, coffee breaks, lunch breaks, sick days, holidays, vacations, and non-productive hours such as web surfing and socializing.

 

Virtual Executive Assist

Based on $35 an hour

20 hours per week = $700 weekly

Cost per year (x 52 weeks) = $36,400 annually

 

With VEA you never pay for employee taxes, health insurance, office equipment, computers, lunch breaks, sick days, holidays, vacations, or non-productive hours such as web surfing, because VEA is an independent contractor you determine how much assistance you need. Depending on the services needed, you can save 40-60% over the cost of a full-time employee.