A Virtual Assistant is far more cost effective than a regular employee. You may pay more per hour than a regular employee, but leave out the:- Insurance Contributions, Unemployment taxes, Social Security, Health insurance, Sickness leave, Christmas bonus, Holiday pay, And other benefits you need to offer a regular employee, and a Virtual Assistant’s fees comes out far lower than that of a regular employee.
I recently calculated the cost of hiring an in-house assistant for the average business. It breaks down like this: The average hours worked in Spain is 1,800 per year
Estimate of employment...................Permanent Gross Salary....................................1.500€ Employee PAYE (Income tax)............... 182€ % Retention.......................................12% Total Cost to Employer....................2.100€ Employee Social Security....................95€ % Retention.......................................6.35% Net for employee..............................1.223€ Employer Social Security.......................600€ Total Cost to Employer...................2.100€
Fact: In Spain: A gross monthly salary of.....1,200€ Is actually costing you..........2,100€
In the UK: An annual Salary of.............£30.000 Is actually costing you........£48.995
Remember: “Whether you are a small time entrepreneur, or a large corporation, you cannot escape the daily challenges of business.”" />