Cost Comparison: Full-Time Employee vs. Virtual Assistant
Comparison Full-Time Employee Virtual Assistant
Hourly Rate of Pay $20.00 $35.00
Fringe Benefits @ 35% (Health, Dental, Life, Retirement) $7.00 NONE
Overhead Rate @ 50% (Office Space, Equipment & Office Supply Expenses, $10.00 NONE
UI Insurance, Worker's Compensation, Overtime Pay, Administrative Cost
Total Effective Rate of Pay $37.00 $35.00
Hours Per Year 2,080 hrs. 480 hrs.
TOTAL ANNUAL LABOR COST $76,960.00 $16,800.00
Difference $60,160.00 Per Year
Rates will be based on an hourly rate plus expenses incurred including, but not limited to, long distance telephone calls, postage and purchase of any special software necessary to complete the task. Time to complete the job will be estimated and certain projects will require a 50% down payment. LegalPRN Staffing requires a signed contract, which outlines the project details, prior to beginning any work.
