One of the most common question asked in a discovery call is
'What is the cost of a Virtual Office Manager over an employee?'
My answer is simple. Whilst a Virtual Office Manager is an investment, it is far more cost effective than an employee.
In some cases, we have saved businesses an annual savings of $50,000.
Let's explore the figures.
𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲
Full Time experienced Office Manager Salary: $80,000pa
ACC: $180pa
Kiwisaver employers contribution: $2400pa
There is also, bereavement leave, public holidays, equipment, employee benefits and so on.
(*𝘧𝘪𝘨𝘶𝘳𝘦𝘴 𝘢𝘤𝘤𝘰𝘳𝘥𝘪𝘯𝘨 𝘵𝘰 𝘤𝘢𝘳𝘦𝘦𝘳𝘴.𝘨𝘰𝘷𝘵.𝘯𝘻 𝘢𝘯𝘥 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴.𝘨𝘰𝘷𝘵.𝘯𝘻 𝘢𝘴 𝘢𝘵 𝟤𝟩/𝟥/𝟤𝟢𝟤𝟥)
𝗩𝗶𝗿𝘁𝘂𝗮𝗹 𝗢𝗳𝗳𝗶𝗰𝗲 𝗠𝗮𝗻𝗮𝗴𝗲𝗿
An experienced Virtual Office Manager, billing 100% productive hours and working the equivalent of a Full Time employee: $32,160 pa.
No additional fees.
(*𝘧𝘪𝘨𝘶𝘳𝘦𝘴 𝘣𝘢𝘴𝘦𝘥 𝘰𝘯 𝘠𝘰𝘶𝘳 𝘈 𝘛𝘦𝘢𝘮'𝘴 𝘤𝘶𝘳𝘳𝘦𝘯𝘵 𝘳𝘢𝘵𝘦𝘴 𝘢𝘴 𝘢𝘵 𝟤𝟩/𝟥/𝟤𝟢𝟤𝟥)
That is a saving of over $50,000 per year. As a small or medium business, whether you are starting out or in an exciting growth phase, $50,000 has a significant impact on what other investments can be made in other areas to level up your business. Naturally, making the decision to hire a Virtual Office Manager over an employee is made up of more than just the cost factor. Efficiency, productivity, company culture, experience, accessibility are just some of the other considerations, and rightly so.
We will explore these considerations over the coming weeks.
Contact us today if you would like more information!
