www.hireexpectations.ca
 

Benefits

Some cost benefits of hiring a virtual executive assistant vs. full-time employee vs. temporary services.

Cost Obligations and Benefits

Hire Expectations

Temporary Service

Employee

You pay only for the time it takes to complete a task or project.

X

 

 

Helps you stay on track and on schedule.

X

 

X

Handles your seasonal or periodic projects.

X

X

 

No need to buy additional computer equipment or fax machine.

X

 

 

No computer/equipment training required.

X

 

 

Convenient when your current employee’s are overloaded.

X

X

 

No time wasted on breaks or personal issues.

X

 

 

Works only when you need services.

X

X

 

Not limited to certain hours of work (ie 9:00 – 5:00). Flexible hours.

X

 

 

No overtime pay.

X

 

 

No extra office space is required. No extra rent or loss of privacy.

X

 

 

No need to buy an extra desk, chair, phone or supplies. 

X

 

 

Charges in 15 minute intervals.

X

 

 

 

Some human resource issues of hiring a full-time employee vs. temporary service vs. Hire Expectations.

Human Resource Issues

Hire Expectations

Temporary Service

Employee

Cost of Benefits (approximately 30% of the full-time wage) (such as medical, dental and vision coverage, short and long term disability)

 

 

X

Is a sounding board, if you need one.

X

X

X

Hassles of interviews and candidate selections and the cost associated with advertising requirement.

 

 

X

You must collect and pay all applicable taxes (plus the time and cost of bookkeeping, tracking, and remittance).

 

 

X

Any employee issue could potentially harm productivity.

 

 

X

Environmental conditions (whether they are able to make it to work). 

 

X

X

You must be aware of the employee's rights, and all employment standards and labour laws, including allowances, benefits, and vacation/sick time and adjustments.

 

 

X

You must comply with Workers Compensation rules and regulations.

 

 

X

In some cases, you must be aware of personal issues the employee is dealing with, and may need to intervene.

 

 

X

You pay for vacation time / sick time and statutory holidays.

 

 

X

You have to pay for retirements plans, and other items viewed as incentives or bonus programs.

 

 

X

You pay someone to administer all of the above.  (HR person)

 

 

X

All other legal responsibilities that include other policies on sexual harassment, performance, terminations, substance abuse, hours of work, leave of absence and all ramifications if every aspect is not met.

 

 

X

You may have to hire someone for the peak period, and then lay them off during the slower season.

 

 

X

The unpleasant experiences of having to fire an employee, and ensure you have solid grounds to do so, or possibly face legal implications.

 

 

X