VA Comparative Costs

VAs are self-employed so clients do not pay their tax, insurance or benefits, and there’s no need for extra office space or equipment. VAs also tend to be more productive since they do not have the distractions of working in a busy office.

In short, VAs are cost-effective. Real-life examples demonstrate that a VA can cover the same work for half the cost of an employee.

Cost Element

Full–time Employee

Virtual Assistant

Hourly Rate of Pay
(Based on PA salary of £22,000 pa)
£12.11 /hr*
£20 /hr
Fringe Benefits @ c.35%
(eg. Health/Life Insurance, Pension, etc)
£4.24 /hr
Nil
Overheads @ c.40%
(eg. Space, Equipment, Supplies, etc)
£4.84 /hr
Nil
Effective Rate of Pay
£21.19 /hr
£20 /hr
Total Paid Hours
1816 hrs*
1162 hrs**
ANNUALISED EMPLOYEE COST
£38,481
£23,240
Training Costs
(Based on 5 training days per year)
£848
Nil
Management Supervision c.2 hrs/wk
(Based on Owner/Manager salary of £50,000pa)
£2,753
Nil
ANNUALISED EMPLOYMENT COST
£42,082
£23,240
*   Assumes 8 hr working days and 33 paid non-productive days (20 Holidays, 13 Bank Holidays).
** Assumes typical employee profile of 80% productivity and 80% capacity, with full VA cover.
 

Efficient Working Practices

When you first hire a VA you have no idea how efficient they are or how much time it will take them to complete a task. A low Hourly Rate is not a reliable indication of the final cost. That's why trial periods are so important.

With Office Lifeline, you have a team of professional people connected by IT systems that enable efficient working practices. Highly experienced VAs make good use of technology to work faster and smarter, keeping turnaround times short and the final cost low. You can rest assured, we are efficient.

You too can benefit from our experience of working online. We help our clients to exploit the internet, adopt new working practices and improve efficiency, and everyone is entitled to a free Efficiency Review when they sign up.

 

Call us today on 01926 659 120 to find out more.

 

Alternatively, you can Contact Us by email or find out more about Virtual Services by reading our client Case Studies, Testimonials, Articles and LifeSaver Blog.


Hiring a VA makes good financial sense!