Earlier this week I wrote about what a virtual assistant is. Some people are initially surprised to see the hourly charge for a virtual assistant. VA fees for generalists can range from $25 to $50 per hour and specialized VAs can charge $75 per hour or more. That can seem a lot at first glance, but compared to the actual cost of an hourly employee, VAs are right in line with, and sometimes less than, the cost of an on-site employee. But remember, a virtual assistant is not an employee – VAs are business owners like you, who are responsible for all their own expenses related to running a business such as taxes, software, computers, electricity, Internet connection, health insurance, retirement, etc. The median wage for an entry level administrative assistant in my local area (South Carolina) is $16 per hour, not counting bonuses and benefits. Factoring in bonuses and benefits, the actual cost to the employer is over $24 per hour. Add in the cost of employment taxes, an extra computer, telephone, electricity, work space, unproductive time such as breaks, etc. and the actual cost of an administrative assistant can easily top $30 per hour – that’s just for an entry level assistant. The cost goes up significantly with experience, increased responsibilities and location.
Here is another VA vs. Employee cost comparison at VAnetworking.com.