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ABSOLUTE LEGAL ASSISTANCE, LLC. PAID DOWN TIME. On average there are 261 work days per year 10 Holidays 5 Vacation Days Total of 15 days (3 work weeks) of paid down time 15 days x 8hours per day = 120 hours
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PAID DOWN TIME • On average there are 261 work days per year • 10 Holidays • 5 Vacation Days • Total of 15 days (3 work weeks) of paid down time • 15 days x 8hours per day = 120 hours • 120 hours x $24.04/hour (hourly rate based on annual salary of $50,000.00) = $2,884.80 annual paid down time • Employers hiring Contractors will not incur this expense, because Contractors are paid for billable time only.
EMPLOYER ANNUAL EXPENSES FOR FULL-TIME PARALEGAL/LEGAL ASSISTANT • Annual Salary $50,000.00 • Insurance (Medical, Dental, Disability) $ 6,200.00 • FICA(Medicare and SSN) $ 3,825.00 • Federal Unemployment (6.2% on $7,000.00) $ 434.00 • State Unemployment (4.0% on $9,500.00) $ 380.00 • Office Space $ 9,600.00 est. • Total Annual Expenses $70,439.00
EMPLOYER ANNUAL EXPENSES FOR CONTRACT EMPLOYEES • Hourly Rate for Most Services $75.00 • Actual Time 800 annual hours • Health and Disability $0.00 • Total Holiday Pay $0.00 • Total Vacation Pay $0.00 • Total Medicaid/FICA $0.00 • Federal Unemployment $0.00 • State Unemployment $0.00 • Total Annual Expenses $60,000.00 • Total Annual Full Time Employee Expense $70,439.00 • Total Annual Contract Employee Expense$60,000.00
TOTAL SAVINGS $10,439.00
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