Cost Comparison: Full Time Employee vs. Virtual Business Support

Cost Comparison	Full-Time Employee	Virtual Business Support
Hourly Rate of Pay	$15.00	$25.00*
Benefits @ 30% (Health/Dental/Life Insurance/Retirement)	$4.50	None
Overhead Rate @ 50% (Office Space, Equipment & Office Supply Expense, Unemployment Insurance, Worker's Compensation, Overtime Pay, Administration Costs)	$7.50	None
Total Effective Rate of Pay	$27.00	$25.00
Hours Per Year	2,080 hrs.	480 hrs.
TOTAL Annual Labor Cost	$56,160.00	$12,000.00

* Hourly Rate based on discounted retainer package of 40 hrs per month.

The numbers speak for themselves! Our hourly rate is initially higher, but a business owner would still save over $44,000 a year compared to the wages and overhead
costs of an entry level, full-time employee.