Typical Costs of Maintaining a Full Time Executive Assistant

Typical Salary

Paid Vacation

$3.449.

Temp during Vacation

$3,000

Health Insurance (employer portion 12 mos.@$200)

$2,400

FICA Taxes (7.65%)

$4,590

Worker's Comp. (.61%)

$ 366

Unemployment (State & Fed)

$ 323

Office Space for Secretary (100 s.f. @ applicable rate)

$4,500 ($45 s.f.- Conservative estimate)

Cost of Overtime Pay (10hrs/ mo @ 50% premium)

$4,643

Hardware and Software expenses (maintenance/upgrades)

$1,500

Annual Bonus (2 wk. salary)

$2,299

Sick Time (10 days/year)

$2,299

Other intangible costs
(supplies, furniture, testing, training & fees, unscheduled absence, etc.)

$2,200 Conservative estimate

Total Costs

$91,569

Note: This cost estimate does not include fringe benefits such as Vision, Dental, Disability & 401K Matching, Profit Sharing & Stock Options

These benefits typically cost over $5,000 a year!

Consider Productivity

Total Effective hourly rate

$ 30.28/hour

75% productivity level

$ 40.50/hour

50% productivity level

$ 60.75/hour

Full time staff is seldom 100% productive due to idle time between tasks, personal matters, inability of employer to generate work for staff because of distractions, meetings and commitments. Depending on the productivity level of the full time employee, you may be paying over 3 times their actual salary. When you work with a virtual assistant, you pay only for the time worked. You do the Math! Partnering with DIVA Consultant is the smart choice.