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	<title>HoT Virtual Assistant Resources &#187; overheads</title>
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		<title>Full-time Employee vs a Virtual Assistant Cost Comparison</title>
		<link>http://www.hotvasoftware.com/full-time-employee-vs-a-virtual-assistant-cost-comparison.html</link>
		<comments>http://www.hotvasoftware.com/full-time-employee-vs-a-virtual-assistant-cost-comparison.html#comments</comments>
		<pubDate>Thu, 30 Jul 2009 17:39:35 +0000</pubDate>
		<dc:creator>Chris Beamish</dc:creator>
				<category><![CDATA[VA Industry]]></category>
		<category><![CDATA[benefits]]></category>
		<category><![CDATA[cost comparison]]></category>
		<category><![CDATA[employees]]></category>
		<category><![CDATA[full time employee]]></category>
		<category><![CDATA[hourly rates]]></category>
		<category><![CDATA[overheads]]></category>
		<category><![CDATA[rates of pay]]></category>
		<category><![CDATA[save money]]></category>
		<category><![CDATA[savings]]></category>
		<category><![CDATA[VANA]]></category>
		<category><![CDATA[virtual assistant]]></category>
		<category><![CDATA[virtual assistants]]></category>

		<guid isPermaLink="false">http://www.hotvasoftware.com/?p=535</guid>
		<description><![CDATA[Full-time Employee vs a Virtual Assistant Cost Comparison Want to SAVE over &#163;30,000 in business expenses this year? If you answered yes, read on &#8230; COST COMPARISON Full-time Employee Virtual Assistant Hourly Rate of Pay &#163;10.00 &#163;18.00 Fringe Benefits @ 30% (Retirement Plans) &#163;3.00 None Overhead Rate @ 60% (Office Space, Equipment and Office Supply [...]]]></description>
			<content:encoded><![CDATA[<h2>Full-time Employee vs a Virtual Assistant Cost Comparison</h2>
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<h3><strong>Want to SAVE over &#163;30,000 in business expenses this year?<br />
  If you answered yes, read on &#8230; </strong></h3>
<table width="85%" border="1" cellpadding="3" cellspacing="0">
<tr>
<td width="60%"><font color="#330099"><strong>COST COMPARISON</strong></font></td>
<td>
<div align="center"><font color="#330099"><strong>Full-time<br />
        Employee</strong></font></div>
</td>
<td class="maintext">
<div align="center"><font color="#330099"><strong>Virtual<br />
        Assistant</strong></font></div>
</td>
</tr>
<tr>
<td><strong>Hourly Rate of Pay</strong></td>
<td>
<div align="right">&#163;10.00</div>
</td>
<td>
<div align="right">&#163;18.00</div>
</td>
</tr>
<tr>
<td><strong>Fringe Benefits</strong> @ 30%<br/><br />
      (Retirement Plans)</td>
<td>
<div align="right">&#163;3.00</div>
</td>
<td>
<div align="right">None</div>
</td>
</tr>
<tr>
<td><strong>Overhead Rate</strong> @ 60%<br/><br />
      (Office Space, Equipment and Office Supply expense, Insurance, Compensation, Overtime Pay, Administration Costs)</td>
<td>
<div align="right">&#163;6.00</div>
</td>
<td>
<div align="right">None</div>
</td>
</tr>
<tr>
<td><strong>Total Effective Rate of Pay</strong></td>
<td>
<div align="right">&#163;19.00</div>
</td>
<td>
<div align="right">&#163;18.00</div>
</td>
</tr>
<tr>
<td><a href="#hours">**Hours Per Year </a></td>
<td>
<div align="right"><strong>2,080 hrs</strong></div>
</td>
<td>
<div align="right"><strong>480 hrs</strong></div>
</td>
</tr>
<tr>
<td><strong>TOTAL Annual Labour Cost</strong></td>
<td>
<div align="right"><strong>&#163;39,520.00</strong></div>
</td>
<td>
<div align="right"><strong>&#163;8,640.00</strong></div>
</td>
</tr>
</table>
<h3>Difference = &#163;30,880.00 per year</h3>
<h2><strong>By hiring a Virtual Assistant&#8230;<br/><br />
  You SAVE over &#163;30,000.00 per year!</strong></h2>
<p>Although the Virtual Assistant&#8217;s hourly rate is more than the employee&#8217;s rate, you save the cost of benefits and overheads that would have to be applied to the new employee&#8217;s wage. Virtual Assistants are usually more experienced, more efficient, and better connected than the employee. You will need to devote far less time to the project to get the same results, only 480 hours a year versus 2,080 for the new employee.</p>
<p><font color="#0066CC"><strong><a name="hours"></a></strong></font><font color="#330099"><strong>**Remember, with a Virtual Assistant, you only pay for the time on task by the minute! You don&#8217;t pay for socialising, hour long lunches, frequent trips to the bathroom or cigarette breaks. </strong></font></p>
<p><strong>Your employee&#8217;s 8 hour day can be crunched into 3-4 hours with a Virtual Assistant. </strong></p>
<p> Hiring a Virtual Assistant is more cost-effective. A Virtual Assistant will go above and beyond the normal assistant&#8217;s duties to impact your own productivity. No task is too big or small for a Virtual Assistant to handle. Even if you only have 1 hour of work a month. You wouldn&#8217;t be able to hire a temp for just 1 hour but you can hire a Virtual Assistant for 1 hour.</p>
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<p>*Source: <a href="http://www.vanetworking.com" target="_blank">Virtual Assistant Networking Association </a> Cost Comparison <br/>(Converted from &#36; to &#163;)<br/><br />
  The Largest Global Network Online for Successful and Aspiring Virtual Assistants</p>
<p><strong>If YOU want to save &#163;30,000 a year and hire a Virtual Assistant visit <a href="http://www.hotva.co.uk" target="_blank">Help on Tap</a> for more information.</strong></p>
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