One of the most significant differences when deciding to hire a virtual assistant vs. an employee is the cost. This is generally a major deciding factor for many business owners, especially if they are conscious of their budget. When you consider all of the costs, hiring a virtual assistant costs less than hiring an employee, especially a full-time employee.
A virtual assistant works remotely. A full-time employee reports to the office and handles all tasks in person. Even when you’re employees are working from home either due to lockdown restrictions, or flexible working, employers must provide equipment, supplies and incidental expenses. Also, most employees can claim home-working expenses such as equipment and electricity charges.
The cost of hiring a virtual assistant is straightforward. There are almost zero to none overhead expenses when you hire a virtual assistant. Virtual Assistants generally charge by the hour or a fixed rate for a project. This means you only pay for the hours you have retained, used or what you have agreed on. Here are some of the costs you may find yourself paying for an employee:
Health and/or Life Insurance
National Insurance Tax
Overall, companies can benefit from having both an employee and/or a virtual assistant, but it’s important for businesses and entrepreneurs to consider where and when they can benefit from reducing their load and cutting down costs to contribute to the success and growth of their business.