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.