Virtual Real Estate Assistant Pricing

Employer Costs for Hiring Employees in Australia

Understanding the intricacies of employment costs in Australia can help real estate business owners to manage their financial obligations. Considering the local-based virtual assistant's annual salary of $60,091 AUD, here are the other employer costs to consider:

Average Recruitment Costs (15%):
$9,013 AUD

Average Training Costs (per employee):
$1,806 AUD

Mandatory costs:

• Payroll Tax:
  $2,854 AUD
• Superannuation Guarantee:
  10.5% ($6,309 AUD)
• Workers Cover:
  $1,021 AUD

Worker's Compensation Insurance:

• Australian Capital Territory:
  2.33%
• New South Wales:
  1.47%
• Northern Territory:
  0.67%
• Queensland:
  1.23%
• South Australia:
  1.85%
• Tasmania:
  2.08%
• Victoria:
  1.27%
• Western Australia:
  1.82%

Expected amount to pay (annually):
$21,003 AUD + Worker's Compensation Insurance

On top of the average salary of a virtual assistant, you will need to consider an additional expense of $21,003 AUD. This makes the estimated total employment cost $81,094 AUD annually including the average salary - for one employee alone.

Note that the employer cost percentage varies on several factors. This includes jurisdiction, industry, and occupation. For instance, payroll taxes typically range from 4% to 6.85% of the total wage bill, depending on the state or territory. The average cost also varies on the level of hire, whether they are entry-level or senior-level management.

According to the data above, the overall cost of hiring a local real estate virtual assistant in Australia is indeed costly. In comparison to hiring offshore in the Philippines through ShoreAgents, the overall cost is $21,385 AUD annually. This includes employee benefits, government charges, and ShoreAgents' fees which include office space and work equipment.

Imagine that you can save a total of $59,709 AUD by outsourcing - which can certainly be put to other important projects in the business.

Learning the costs of hiring a new employee in the USA varies on factors such as the role, company size, and location. Let's dig into the table below and gain more insights into managing employment costs effectively:

Average Recruitment Costs (15%):
$8,872 USD

Average Training Costs (per employee):
$1,806 AUD

Mandatory costs:

• Payroll Tax:
  Federal Insurance Contributions Act (FICA):
  7.65% ($4,525 USD)
  Federal Unemployment Tax (FUTA):
  6% ($3,549 USD)
• Insurance (Life, health, short-term & long-term disability):
  8.1% ($4,791 USD)
• Retirement and savings (Defined benefit & contribution):
  5.1% ($3,016 USD)
• Legally required benefits (Social Security and Medicare):
  7.1% ($4,199 USD)
• Workers' compensation (varies from state to state):
  1.1%

Expected amount to pay (annually):
$30,204 USD + worker's compensation

The compensation component varies widely from civilian workers, private industry workers, and state & local government workers. There are also other factors to consider when looking at employment costs. This includes state & local taxes, industry, cost of living, and minimum wages.

US labor statistics show employers pay 69% of total employment costs, with the remaining 31% allocated for benefits. In addition to the average salary of $59,153 USD, anticipate additional employment expenses for training, rent, and recruitment.

This means that you need to allot a total of $89,357 USD for hiring one local real estate virtual assistant alone.

This is where ShoreAgents step in and provide a cost-effective solution. You can hire a reliable offshore assistant for your real estate business in the Philippines for only $14,300 USD. You can even hire an entire workforce which already includes the benefits and ShoreAgents' fees.

It's a known fact that areas with higher living costs such as Auckland and Wellington may have higher wage expectations. The costs of employment generally vary across regions in New Zealand. While the country does not have a separate payroll tax, employees contribute to various social security programs.

The informative table below will help you assess the recruitment expenses of hiring local real estate assistants in New Zealand. Aside from the average salary of $63,925 NZD, you will also need to consider the following:

Average Recruitment Costs (15%):

$9,588 NZD

Average Training Costs (per employee):
$5,000 NZD

Mandatory costs:

• Accident Compensation Corporation (annually):
  1% ($7,671 NZD)
• KiwiSaver Pension:
  3% ($1,917 NZD)
• Public Liability Insurance:
  $49 NZD
• Employer Superannuation Contributions (optional to employers):
  3% ($1,917 NZD)
• Fringe Benefits Tax (FBT)

Expected amount to pay (annually):
$26,142 NZD + Fringe Benefits Tax

The additional cost of $26,142 NZD can definitely be spent wisely through offshoring.

After considering the other expenses, the total amount of salary for one employee costs $90,067 NZD.

Imagine that you can hire four offshore real estate assistants, equivalent to the price of one. Particularly in the Philippines where there are several experienced virtual assistants who can guarantee quality service for your business.

At ShoreAgents, you can enjoy the benefits of hiring offshore assistants for a low cost of $22,708 NZD. You no longer have to worry about the office and work equipment costs as we provide these for your staff. Filipino workers are also fluent English speakers, so communication wouldn't be a challenge.

Canada is known for its diverse workforce, so there's no denying that teams comprise a skilled talent pool. However, you will need to compare the expenses of hiring locally vs offshore to make an informed decision. On top of the average salary of $55,266 CAD, here are the additional costs of hiring local real estate assistants in Canada:

Average Recruitment costs (20%):
$11,053 CAD

Average Training Costs (per employee):
$1,000 CAD

Mandatory costs:

1. Canada Pension Plan:
   5.95% ($7,671 CAD)
2. Employment Insurance:
   2.28% ($1,917 CAD)
3. Employment Health Tax
   Ontario:
   1.95%($1,077 CAD)
   British Columbia:
   2.92% ($1,613 CAD)
   Manitoba:
   4.3% ($2,376 CAD)
   Québec:
   4.26% ($2,354 CAD)

Expected amount to pay (annually):
$21,757 CAD + employment health tax

The densely populated regions in Canada with more competitive labor markets will likely demand higher hiring costs. Employers are not required to pay for Registered Retirement Savings Plans (RRSP) for their employees as it is typically voluntary. The taxes also vary by region and employee insurance should match their contributions.

This means that hiring a local real estate assistant in Canada will require an estimated salary of $77,023 CAD. While there are certainly qualified applicants to fill this role, it's highly recommended to look at outsourcing options to reduce costs.

Not only that, but you will have access to a global talent pool - which is perfect for the Canadian workforce. By collaborating with ShoreAgents, you can guarantee to hire skilled candidates for your real estate business.

Workforce costs offered by employers in the UK present additional benefits to attract and retain staff members. This includes private health insurance and employee discounts among others. But how much does it cost to employ someone in the UK?

The average salary of a real estate virtual assistant in the UK costs £39,666 GBP, excluding other additional expenses. Let's take a look at the employment costs in the UK:

Average Recruitment costs (20%):
£7,933 GBP

Average Training Costs (per employee):
£1,068 GBP

Mandatory costs:

• Workplace Pension Contributions:
  3% (£7,671 GBP)
• Apprenticeship Levy:
  0.5% (£1,917 GBP)
• Statutory Sick Pay (SSP):
  £109 /week
• Employers' Liability Insurance:
  £61 GBP
• National Insurance Contributions (monthly)
  Lower Earnings Limit (LEL):
  £533 GBP
  Primary Threshold (PT):
  £1,048 GBP
  Secondary Threshold (ST):
  £758 GBP
  Upper Earnings Limit (UEL), Upper Secondary Threshold (UST), and Apprentice Upper Secondary Threshold (AUST):
  £4,189 GBP
• Employer's Minimum Pension Contributions:
  3% (£1,189 GBP)

Expected amount to pay (annually):
£19,948 GBP + national insurance contributions

In summary, it costs a total of £59,614 to hire locally in the UK. This excludes the NICs which both employers and employees are required to pay for.

Compared to hiring through ShoreAgents, offshore real estate virtual assistant only costs £11,972 GBP. The best part is that this total amount already includes government charges, benefits, and ShoreAgents' fees. Outsourcing in the Philippines is an economical staffing solution that offers highly qualified people for your real estate business.

At the same time, you no longer need to worry about high regulatory risks by employing offshore staff directly. ShoreAgents takes care of the tax, pension, and labor legislation in the Philippines on your behalf.

Singapore has one of the lowest unemployment rates in the world, which indicates a high demand for skilled workers. Many Singaporean employers still prefer to outsource employees, particularly in the Philippines, due to the country's low labor costs.

In fact, Singapore recognizes the exceptional talent of Filipino real estate professionals in various industries. In addition to the average local assistant salary of $60,091 SGD, let's take a look at the cost-benefit analysis of hiring in Singapore.

Average Recruitment costs (15%):
$9,013 SGD

Average Setup & Training Costs (annually per employee):
$1,000 SGD

Mandatory costs:

• Income Tax Rate to IRAS:
  7% ($4,206 SGD)
• National Pension Scheme: The Central Provident Fund (CPF):
  17% ($10,215 SGD)
• Skills Development Levy (SDL):
  $135 SGD
• Employee Benefits
  Hospitalization:
  $900 SGD
  General Practioner:
  $371 SGD
  Health Screening:
  $430 SGD
  Dental:
  $394 SGD
  Specialist:
  $565 SGD
  Wellness:
  $616 SGD
  Traditional Chinese Medicine:
  $286 SGD
• Employee Assistance Program:
  $1,200 SGD

Expected amount to pay (annually):
$29,331 SGD

With a clear understanding of the hiring costs in Singapore, you can make a wise judgment for your business. The total expenses of hiring one local employee in Singapore already cost $89,422 SGD. So imagine if you need more than one real estate virtual assistant for your business - the costs will be overwhelming.

At ShoreAgents, we understand your staffing needs for the business and help you achieve them. Not only will you be able to save money, but also focus on core & revenue-generating duties.