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It costs how much...to hire an office assistant?

According to the U.S. Chamber of Commerce the true cost of hiring an on-site word processing employee is more than $50,000 a year. Here are statistics you'll find interesting:

***Cost of On-site Word Processing Employee***
	Annual $$
Base salary (apprx. $14.75/hr.)	30,000
Benefits (15%)*	4,500
Payments for time not worked (13%)* (Vacation, holidays, sick days, & lunches)	3,900
Payroll taxes (12%)*	3,600
Administrative costs (7%)** (Recruiting, hiring, training, records, & severance pay	2,100
Subtotal	44,100
Equipment & maintenance; supplies for Word Processing	3,900
Rental of space for in-house employee	2,250
Grand Total	50,250

* Source: U.S. Chamber of Commerce
** Assumes a stable staffing situation; high turnover can double administrative costs annually.

Thanks to Nina Feldman, Nina Feldman Connections, and author of "How to Run a Successful Homebased Word Processing Publishing Business."

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