*Cost Analysis
On-Contract Virtual Administrative Solutions to Help Small Businesses Grow
"Helping you through your growing pains"
www.herronprofessionalvirtualservices.com
Toll Free: 866-822-5488
Mailing Address:
8907 S. Oriental Dr.
Nineveh, IN 46164
When your company needs help please call Herron Professional Virtual Services, LLC. Do not let your company suffer because hiring an employee is too expensive. We can be a temporary or long-term solution for your business.
We work on-contract only which certainly has some benefits. You do not have to worry about an employee that needs insurance, HR management, recruiting, training, employee taxes, sick time, vacation time, or overtime. An employee may expect to work and get paid for a 40 hour week.
We only charge you for the hours/time worked.
Since we are virtual support you do not have to be concerned with the cost of a workspace, computer(s), networking, or office equipment and supplies because we’re already set up to service your needs. All of these benefits add up to a substantial savings to your bottom line.
A full-time, in-house employee with a wage of approximately $31K a year may actually cost you an approximate total of $73K a year. . . . . . is your business ready for this level of financial commitment?
If you are not quite ready for this financial expenditure then hiring a virtual assistant may be the solution. Herron Professional Virtual Services, LLC can provide the executive-level administrative support you need to help you get to the next level of your success by providing cost-effective solutions for your business’ growing pains.
ITEM
DESCRIPTION
IN-HOUSE EMPLOYEE
VIRTUAL ASSISTANT
Wage
Social Security
Medicare
Work Comp.
Sick Time
Vacation
Health Ins.
FUTA
Cost of Hiring
Office Utilities
Office DIstractions
Computer
Desk/Chair
Add'l Phone Line
Office Space
TOTAL
$15/hr. (40 hr. wk.)
$31,200 / year
$22/hr (20 hr/wk) $22,800/yr
(.062 x $31,200/yr)
(.0145 x $31,200/yr)
(.015 x $31,200/yr)
1 week / year
2 weeks / year
Average
(.008 x 7,000)
According to Business Weekly
According to Basex Research Firm
$300 / month
Installation + Monthly Fee
Moderate $900/mth
*Figures based on 2008 Rate Information
$ 1,934 / year
N/A - $0
$ 452 / year
$ 4,680 / year
$ 600 / year
$ 1,600 / year
$ 7,800 / year
$ 56 / year
$ 3,270 / year
$ 8,190 / year
$ 3,600 / year
$ 1,000 / year
$ 700 (one-time fee)
$ 1,300 / year
$10,800 / year
N/A - $0
N/A - $0
N/A - $0
N/A - $0
N/A - $0
N/A - $0
N/A - $0
N/A - $0
N/A - $0
N/A - $0
N/A - $0
N/A - $0
N/A - $0
$73,782 / year
or $35.47 / hour
$22,880 / year
or $22 / hour
You pay for time worked, not time wasted!