We must compute the cost, the hours and the tasks that a VA completed in order to evaluate their performance. We have created a formula that everyone can use to estimate the efficiency of a VA.
1. Determine the following:
•VA cost per hour
•VA hours worked per day
•VA tasks completed per day
2. Solve the equation
(VA cost per hour x VA hours worked per day) ÷ VA tasks completed per day
Example 1:
If a VA completes 10 tasks, works 8 hours per day and you pay the VA $10 per hour, then
Efficiency =(VA cost per hour x VA hours worked per day) ÷ VA tasks completed per day
= (10 per hour x 8 hours worked per day) ÷ 10 tasks
= 80 ÷ 10
= 8
Therefore, that task’s cost is $8 per task if that VA works on that type of task.
Example 2:
If a VA completes 40 tasks, works 8 hours per day and you pay the VA $10 per hour, then
Efficiency =(VA cost per hour x VA hours worked per day) ÷ VA tasks completed per day
= (10 per hour x 8 hours worked per day) ÷ 40 tasks
= 80 ÷ 40
Therefore, that task’s cost is $2 per task if that VA works on that type of task.
About the Author
Dennis Yu
Dennis Yu is co-author of the #1 best-selling book on Amazon in social media, The Definitive Guide to TikTok Ads. He has spent a billion dollars on Facebook ads across his agencies and agencies he advises. Mr. Yu is the "million jobs" guy-- on a mission to create one million jobs via hands-on social media training, partnering with universities and professional organizations.You can find him quoted in major publications and on television such as CNN, the Wall Street Journal, Washington Post, NPR, and LA Times. Clients have included Nike, Red Bull, the Golden State Warriors, Ashley Furniture, Quiznos-- down to local service businesses like real estate agents and dentists. He's spoken at over 750 conferences in 20 countries, having flown over 6 million miles in the last 30 years to train up young adults and business owners. He speaks for free as long as the organization believes in the job-creation mission and covers business class travel.You can find him hiking tall mountains, eating chicken wings, and taking Kaqun oxygen baths-- likely in a city near you.