You will actually find that it is more cost effictive to make use of the services of Stardust Initiatives than to hire a regular employee. There is no requirement for additional office space, you don't have to pay a salary when there is insufficient work to fully occupy that employee, not to mention sick-pay, holiday pay, vacation pay, unemployment insurance, Social Security, health insurance, retirement fund contributions, etc. You pay only for time actually worked and services actually provided.
Although the Virtual Assistant's hourly rate is more than the employee's rate in the first place, you save the cost of benefits and overhead that would have to be applied to the new employee's wage. Additionally, because we are very likely more experienced, more efficient, and better connected than the new employee, you'll need to devote far less time to the project to get the same results, perhaps only about 480 to 500 hours a year versus 2,080 for the new employee.
| RELATIVE COST COMPARISON | Full-Time Employee | Stardust Initiatives | ||
|---|---|---|---|---|
| Hourly Rate | $20.00 |
$35.00 |
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| Fringe Benefits @ 35% (Health/Dental/Life Insurance, Retirement Plans) |
$7.00 |
None |
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| Overhead Rate @ 50% (Office Space, Equipment & Office Supply Expense, UI Insurance, Worker's Compensation, Overtime Pay, Administrative Costs) |
$10.00 |
None |
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| Total Effective Hourly Rate | $37.00 |
$35.00 |
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| Hours Per Year *** | 2,080 Hours |
480 Hours |
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| TOTAL Annual Labor Cost | $76,960.00 |
$16,800.00 |
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A difference of $60,160.00 !! |
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By contracting with Stardust Initiatives |
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*** Remember that with Stardust Initiatives serving as your Virtual Assistant you only pay for the time actually spent on your project... by the minute. No more paying for socializing, hour-long lunches, or time consumed just because you're open for business.
In many instances, your employee's eight hour day can be reduced to about three or four hours. Simply put, you should contract with Stardust Initiatives because it's more cost-effective and we typically go above and beyond the "normal assistant's" duties to impact your own overall productivity. No task is too big or small for us to handle. Even if you only have one hour of work a month for us to do, we can (and will) do it.
Try a comparison for yourself.
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| Save Your Money ... Contract with Stardust Initiatives TODAY !! |
Our rates are competive within the Virtual Assistance industry as a whole. Given that our clientele are widespread geographically (domestically and internationally) and therfore represent a wide variety of demographics and variables in cost-of-living, we do not consider the prices posted here to be hard and fast. They serve here as guidelines for your comparative purposes. Your actual rates will be determined in our preliminary discussions and correspondence. Most typically however, our base rate for any project or task is $30.00 (US).
Bear in mind also that our clients do not pay for benefits, vacation days, sick time, health insurance, employment taxes, computer software, office equipment ― or even down time! As our client you will pay only for the exact time spent on your projects.