All Fields Required

Virtual Assistants: Cost-effective or Extravagant?

Virtual Assistants: Cost-effective or Extravagant?

Posted On
March 27
By
SurePayroll
The virtual assistant (VA) has become increasingly popular after coming onto the time-pressed scene nearly a decade ago. Their popularity is thanks to providers such as TaskRabbit (taskrabbit.com), Exec (iamexec.com) and Davinci (http://www.davincivirtual.com), which make hiring individualized help as simple as sending an email.

Virtual assistants are real people who are paid on a per-task basis. Tasks can include administrative work, house cleaning, dog walking, furniture removal, and an interestingly common task: building IKEA furniture.

In most cases, the VA sets the price for his or her service and the person in need contacts the assistant through the designated Web site. While the concept of personal assistants is enticing, is it a cost-effective method for businesses?

According to VA Networking.com, the answer is yes. The site makes the argument that virtual assistants can save a company an estimated $60,000 annually. Although a virtual assistant’s hourly rate is typically more than that of a full-time, in-house employee; businesses that hire virtual assistants come out ahead in the end.

[Employers] save the cost of benefits and overhead that would have to be applied to the new employee’s wage, the site notes.

What’s more, virtual assistants are experienced in their advertised field. Thus, these individuals tend to be more efficient in completing a specific task. VA Networking.com notes that businesses will spend less time training a VA compared to a new, full-time employee.

These monetary benefits have not fallen on def smart phones. According to TaskRabbit, “an untold amount of users” have employed VAs since the company started in 2008, saving an estimated $5.7 million by using the service.

The virtual assistant boon really hit in late 2007 when the country’s economic footing slipped. As a result, thousands of highly experienced and talented workers became unemployed. While some found in-house positions again, many of the newly unemployed decided to make a go at the freelance arena.

In fact, according to the Freelancers Union, the economic downturn of 2008 helped to increase the number of freelancers and contract workers in the United States to 42 million. Essentially, one in three eligible workers in the country today freelances his or her talents.

Virtual assistants are an interesting phenomenon in the U.S. workforce today, mostly because they provide clients with specialized help, save them money and give them the most elusive commodity: time.

 

Sources (and related articles)

http://www.thedailybeast.com/articles/2012/12/13/your-next-assistant-may-be-an-app.html

http://www.vanetworking.com

https://www.taskrabbit.com

http://www.freelancersunion.org/

4 comments

Leave a comment
  1. T. Camille Mitchell | Oct 09, 2016
    Thanks for bringing light to our industry. Although, I'd like to highlight that Virtual Assistants are business owners that provide services to other small businesses, professionals and corporations. Much like you would contract a Plumber to work on your home, you contract a Virtual Assistant to perform services that you either aren't skilled in, don't have the time to do or just do not want to do. You can learn more about my company's services here: http://www.officeprova.strikingly.com 
  2. Robinjack | Sep 28, 2016
    I truly thank you for the profitable information on this awesome subject and anticipate more incredible posts. Much obliged for getting a charge out of this excellence article with me. I am valuing it all that much! Anticipating another awesome article. Good fortunes to the creator! All the best!  espresso machine
  3. limsey | Sep 21, 2016

    Very nice content !

    www.dasktech.net

  4. rukhsar | Sep 04, 2016
    This was a fairly interesting and infromational read. I did not know about virtual assisstant much before reading this article. I would like to share this information on rushmypapers.me as well so that many others like are alse enlightened on the concept of virtual assisstance.

    Leave a comment