|
Average/Standard Pay -
FTE vs. VA
(Example salary & rate are for comparison only) |
$36,000 Annual/$17.31 hr. |
$15,600/$30 hr. (10hrs
wk/52 wks.) |
|
Paid Vacation |
$1,385 |
$0 |
|
Temp During Vacation |
$2,000 |
$0 |
|
Health
Insurance
(Employer
portion for 12 mos. @ $150) |
$1,800 |
$0 |
|
Parking
(12 mos. @ $50) |
$600 |
$0 |
|
FICA Taxes
(7.65%) |
$2,754 |
$0 |
|
Worker's Compensation
(.61%) |
$220 |
$0 |
|
Unemployment Taxes
(State &
Federal) |
$309 |
$0 |
Miscellaneous
Costs
(Vision,
Dental, Disability & 401K Matching,
Profit Sharing & Stock Options) |
$??? |
$Client Requests (Special
mailings, etc.) |
Office Space for Admin.
Asst.
(100 sq.
ft. @ applicable rate) |
$2,500
$25/sq. ft. (conservative
est.) |
$0 |
Cost of Overtime Pay
(10/mos. @ 50% premium) |
$3,115 |
$0 |
Idle Time During
Employer's Absence
(Minus 2
weeks vacation included for employer)
|
$1,500 |
$0 |
|
Annual Bonus
(If applicable -
1 mo. salary) |
$3,000 |
$0 |
|
Sick Time
(10 days per year -
average) |
$1,385 |
$0 |
Other Intangible
Expenses
(Furniture, training & fees, equipment, etc.)
|
$1,200 |
$0 |
|
Total Average
Associated Costs |
$57,678 Annual/$27.77 hr.
(1.60 x average salary) |
$15,700/30.00 hr. (Avg.
VA example rate) |
100% Productive Hourly
Rate
75% Productive Level
50% Productive Level |
$27.77 hr.
$37.03 hr. = $77,022
$55.55 hr. = $115,544 |
Annual
$avings = $41,947 |
Note-Full time staff
is seldom 100% productive due to idle time between tasks, personal
matters, inability of employer to generate work for staff because of
distractions, meetings and commitments.
Depending on the productivity level of the full time employee, you
may be paying over 3 times their actual salary. You do the Math!
What's the Smart Choice? Virtual Keystrokes is your ultimate work
partner.
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