Typical Costs of Maintaining a Full Time Executive
Assistant
|
Typical Salary |
|
|
|
Paid Vacation |
|
$1,619 |
|
Temp during
Vacation |
|
$2,000 |
|
Health
Insurance
(employer portion 12 mos.@$200) |
|
$2,400 |
|
FICA Taxes
(7.65%) |
|
$3,220 |
|
Worker's
Comp.
(.61%) |
|
$ 257 |
|
Unemployment
(State & Fed) |
|
$ 323 |
|
Office Space
for Secretary (100
s.f. @ applicable rate) |
|
$2,500
($25 s.f.-
Conservative estimate) |
|
Cost of
Overtime Pay
(10hrs/ mo @ 50% premium) |
|
$3,643 |
|
Hardware and Software expenses
(maintenance/upgrades) |
|
$1,500 |
|
Annual Bonus
(2 wk. salary) |
|
$1,619 |
|
Sick Time
(10 days/year) |
|
$1,619 |
|
Other
intangible costs
(supplies, furniture, testing, training
& fees, unscheduled absence, etc.) |
|
$1,200
Conservative estimate |
|
Total Costs |
|
$63,185 |
|
Note:
This cost
estimate does not include fringe
benefits such as Vision, Dental,
Disability & 401K Matching, Profit
Sharing & Stock Options |
|
These
benefits typically cost over $3,000 a
year! |
|
Consider
Productivity |
|
Total
Effective hourly rate |
|
$
30.28/hour |
|
75%
productivity level |
|
$
40.50/hour |
|
50%
productivity level |
|
$
60.75/hour |
|
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.
When you work with a virtual assistant,
you pay only for the time worked. You
do the Math! Partnering with A Great
VA is the smart choice. |
|
|
|
