The Hidden Costs of Hiring Full-Time vs. Outsourcing to a Virtual Assistant

For small businesses, managing costs is a top priority. While you may feel that hiring a full-time employee is the right move, it’s important to consider the hidden expenses that come with this decision. From National Insurance to holiday pay, the real cost of employing someone can add up quickly.

Here’s why outsourcing to a virtual assistant can be a more affordable and flexible option.

Employment Costs to Consider

When you hire a full-time employee, you’re responsible not just for their salary but for additional costs that include:

• National Insurance Contributions: The UK government recently increased the employer’s share of National Insurance, making it more expensive to hire staff.
• PAYE and Tax Management: Employing staff means managing PAYE (Pay As You Earn) tax, which requires additional accounting time or payroll services.
• Holiday Pay and Sick Leave: Full-time employees are entitled to paid time off, adding to your costs even if they’re not working.

Benefits of a Virtual Assistant

A virtual assistant offers flexibility that a full-time employee cannot match. Since virtual assistants are self-employed, you only pay for the time and tasks you need. There’s no need to budget for National Insurance, holiday pay, or sick leave, making it a cost-effective option, especially for small businesses with fluctuating workloads.

Flexible, Professional Support When You Need It

With a virtual assistant, you can scale your support up or down based on your business needs. This means you have help when things are busy, but aren’t paying for downtime. And, because virtual assistants bring specific expertise in areas like admin support, project management, and bookkeeping, you get skilled assistance without training costs.

Find Out How Much You Could Save If you’re looking to cut costs without sacrificing quality, My Secretary’s virtual assistant services offer a professional, flexible solution.

Get in touch today for a free consultation and discover how much you could save by outsourcing.