Cost Of Hiring a Virtual Assistant vs. A Full Time Employee

Virtual assistants, while their rate per hour may be higher than an in-office assistant's pay,
actually cost the business owner LESS than in-office personnel.
See our comparison table below.
Item
In-Office Employee
Virtual Assistant Through A VSA
Wage$31,200 per year (a 40 hours per week)$28,4444 per year (at 20 hours per week. Time reduced due to added efficiency and not paying for Computer Solitaire time)
Social Security$1,934 per year$0 per year
Meidcare$452 per year$0 per year
Worker's Comp$4,680 per year$0 per year
Sick Time$600 per year$0 per year
Vacation Time$1,200 per year$0 per year
Health Insurance$7,800 per year$0 per year
FUTA$56 per year$0 per year
Cost of hiring (according to Business Week)$3,270 per year$0 per year
Office distractions (A study by Basex, a New York research firm, found that office distractions ate up 2.1 hours a day for the average worker)$8,190 per year$0 per year
Office Utilities$3,600 per year$0 per year
Computer for the Assistant$1,000$0
Desk and chair$700$0
Additional monthly phone charges$1,300$0
Installation of additional phone line$99$0
Office space rental$10,800 per year$0 per year
   
Total onetime expenses$3,099$0
Total yearly expenses$62,982$28,444
By comparing these two scenarios you can see that you save more than 50% versus hiring an in house employee.