| Cost Comparison Worksheet: Outsourcing vs. Employee |
| There are other costs to take into consideration besides hourly wage when looking for an on-site office assistant. To understand the true cost of hiring an employee, consider the following factors: |
| Company Overhead |
Cost to hire a full-time employee |
| Base Hourly Salary |
|
| Payroll Taxes (FICA) 7.65% |
|
Benefits:
- vacation
- sick days
- holidays
- insurance
|
|
| Time not worked (breaks, lunches, etc.) |
|
Administrative costs:
- recruitment
- hiring
- training
- recordkeeping
- etc... etc...
|
|
| Equipment purchases, maintenance and supplies |
|
| Cost of space to house employee |
|
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You should also take into consideration the experience level of the person you are thinking about hiring at your base hourly wage. The more experience the higher quality of work you will receive.
Take a moment to really ponder whether or not your secretarial work needs to be done on-site. Are there projects or pieces of the job that could be done by an off-site person?
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