In the business world, time is money. That’s why more and more businesses are turning to virtual business assistants to help them with tasks big and small. But what is the cost and value of an employee vs. a virtual business assistant?
When it comes to the cost and value of an employee versus a virtual business assistant, there are a few key things to consider. First, let’s look at the cost of an employee. According to the Bureau of Labor Statistics, the median annual wage for an administrative assistant is $39,680. This means that the average full-time administrative assistant costs a company $19.08 per hour.
Now let’s look at the cost of a virtual business assistant. The average hourly rate for a virtual assistant is $35-$55, depending on experience and skill set. This means that the average full-time virtual assistant costs a company $875-$1375 per month.
So, what does this mean in terms of value? An employee will likely have a higher hourly rate but will also require paid time off, benefits, and other associated costs.
This article will help explain the difference between the two and how each one can help your business grow. As a leader, it is important to know the costs and benefits of both so you can make an informed decision on which is best for your company.
Now that you know how much you can benefit from hiring a virtual business assistant let’s talk about all of your options. Book a call …. Or check out our services. Let us help you with your business and finance needs so you can focus on generating revenue and running your business. We offer virtual accounting & business assistant services for entrepreneurs of all shapes and sizes.