A virtual assistant (VA), is generally self-employed and provides professional administrative, technical, Social, or creative assistance to clients remotely from a home office.
Businesses used to hire virtual assistants to handle excess work. While delegating work to these home-based workers presented cost advantages, the primary reason was largely for convenience.The evolution of digital technology, the development of the Internet and the popularity of social media networks changed the perspective toward the Virtual Assistant.
Studies have shown that the global outsourcing industry has grown from $45.6 billion in 2000 to $85.6 billion in 2018, indicating and proving that outsourcing affects productivity and growth positively. Below are some reasons why you should hire a virtual assistant right away!
1, Reduce operational cost – The main reason why businesses hire virtual assistants is to lower their operational costs,It is estimated that hiring a VA over a Full-Time Employee will save you 78% in operating costs per year because virtual assistants are self-employed, they are accountable for all of the expenses they incur in the conduct of their services.When you hire a Virtual Assistant, you don’t pay additional benefits, allocate rental space for work, subscribe to higher Internet bandwidth or incur incremental expenses in utilities.VA’s can be hired from any part of the world.
2, Increase in productivity – Hiring a Virtual Assistant is a double-edged sword in achieving profitability because not only does the strategy lower business cost but it also increases productivity.Studies have shown that a significant percentage of employees work better from home encouraging several companies and businesses both small and large and even individuals to include telecommuting as part of their workforce strategy.Hiring virtual assistants or those who work from their homes increases productivity for two reasons:
- It affords you more time to focus or attend to core functions that demand your expertise.
- Virtual assistants are more skilled and cover different disciplines.
Studies profiling a VA shows that the typical Virtual Assistant is mature with a good sense of responsibility, has good academic background, work experience and approach the job as a true professional.
3, Improved efficiency – Hiring a VA also improves efficiency because you get more work done in less time and cost. 87.7% of virtual assistants are paid on a productive hour basis. This means they will only be compensated when they have accomplished pre-defined milestones.By comparison, a full-time employee is paid a fixed rate per hour per day meaning that in a typical 8-hour work shift, you will have to pay the employee his hourly wage whether he is productive or not. In a study by business coach, Steve Pavlina, he revealed that the average office worker only accounts for 90 minutes of productive work per day.
Since VA’s have previous work experience, they require minimal training time. You can get them to work right away without having to worry much about mistakes and common issues faced with first-time office employees.
4, Business flexibility – Majority of people who make the transition to the virtual assistance work do so because of flexibility. They want to manage their own time so they can be with their families and attend to other aspects of their respective lives.the advantage of having flexibility goes both ways. Because virtual assistants do not follow rigidly structured work schedules, you can designate them to manage work hours that would be beneficial to your business for example, if you plan to have 24-7 customer service, you can hire virtual assistants from different parts of the world to manage shifts throughout your workday. The time zone differentials will work in your favour. All customer service issues can be effectively attended to as they come in.
5, Achieve balance in life – An unquantifiable value of hiring a VA is he or she can help you achieve balance in life simply by affording you the benefit of time. With trusted virtual assistants in place, you can be like Tim Ferris and explore the world while your business continues to run.When you are able to find time for the things that matter most in life, you become more productive.
Ask yourself this simple question: “Why do you work?” If you work only to pay the bills, then you are simply existing; not living. To live is to experience life.