W
hy Work With a REVA?
You get a trained professional at a significant savings. In addition, it is so much
more than that:
- REVAs are highly trained and educated
entrepreneurs
- REVAs have their own work space, equipment
and software
- REVAs do not
need offices, benefits or paid vacation
- REVAs only get paid for time actually worked
- REVAs pay their own taxes
You may be surprised to know how much you are really paying your assistant.
What is the true cost of your in-house assistant?
| Typical Salary (Executive Assistant) |
$42,100/$20.24 per hr |
|
Paid vacation |
$1,619 |
| Temp during vacation |
$2,500 |
| Health Insurance (employer portion
12 mos @$150) |
$2,100 |
| FICA Taxes (7.65%) |
$3,221 |
| Worker's Comp (.61%) |
$257 |
| Unemployment (State & Fed) |
$361 |
|
Miscellaneous Costs (Dental, Disability, 401K
+ match, Profit Sharing, Stock Options, etc.) |
$???? |
| Office space for assistant - 100 s.f. |
$2,500 (conservative) |
|
Cost of overtime pay (10 hrs/mo@ 50% premium) |
$3,649 |
|
Idle time during employer's absence (minimum 2 week vacation
included for employer) |
$1,800 |
| Annual bonus (1 month salary) |
$3,508 |
| Sick time (10 days/year) |
$1,619 |
|
Other intangible costs (furniture, testing, training & fees,
sick children, etc.) |
$1,800 (conservative) |
| Total Typical All Inclusive Costs |
$67,028 (1.60 x salary) |
| Total Effective hourly rate |
$32.23/hour |
| 75% productive level |
$42.97/hour |
| 50% productive level |
$64.46/hour |
Note: Full-time staff is seldom 100% productive due to idle time between
tasks, personal matters or the inability of employers to generate work for staff because of distractions,
meetings, and commitments.
(Table borrowed, with permission, from Janet
Jordan, MVA of VAU.)
If your full-time employee does not work with 100% productivity, you could be
paying them 2-3 times their actual salary.
Make a better choice and
contact us, we are...
Virtually
On
It...turning
your time into "SOLD"
|
