How Hiring a Virtual Assistant Lowers Labor Costs

First published: March 21, 2022 @ 8:54 pm

In this article, we’ll discuss how hiring a virtual assistant can save you money.

What’s A Virtual Assistant?

A virtual assistant (VA) is a highly-skilled professional who performs tasks for you, your business, or your clients.

They can do many things including: 

1. Speeding up research and writing content.
2. Creating and managing marketing campaigns.
3. Researching, organizing, and updating data.
4. Attending meetings.
5. Designing and maintaining websites.
6. Attending to client communications and requests.
7. Creating video tutorials and presentations.

A virtual assistant can be a freelancer or an employee.

Virtual assistants are not limited to just helping you with research and writing. They can also help you manage your email, social media, and other projects.

Photo by Polina Zimmerman from Pexels.

What’s The Reason Why Companies Choose to Hire Virtual Assistants?

The cost of having a virtual assistant can be lower than hiring an employee.

First, hiring a VA is cheaper than hiring an employee.

When you hire an employee, you have to pay them for things like benefits, vacation time, sick days, and the possibility of having to lay them off in the future. But when you hire a VA, they do not have those costs associated with them.

In addition to that, there are also many tax benefits for hiring a VA.

Here’s what can happen when you hire a VA:

You may pay more money to your VA than what it would cost to have someone else do your work for you.

But that’s not necessarily true.

Many businesses don’t realize how much they can save by hiring a virtual assistant instead of an employee.

They think that it would be cheaper to just go out and hire someone else or even use freelancers because it’s just so much easier and more efficient that way.

But in reality, the extra money they would spend on wages would be offset by all the other things that your business wouldn’t have to pay for (like healthcare).

And because of this reason alone, companies should consider hiring virtual assistants instead of employees or freelancers.

How Hard Is It for A Virtual Assistant to Adapt to Your Company?

If you decide to hire a VA on an hourly basis, here are some things to consider:

• They must be available when you need them. If they have other commitments or if they can’t do your project for any reason, it will be difficult for them to complete the work on time.
• They must work in an environment that is conducive to working from home (no distractions). For example, if they have a pet at home or children who need their attention, it may be difficult for them to work efficiently from home.
• They also may not want to do the work from home because it is less comfortable than working in an office or other location where there are many distractions. You may want to consider offering them some kind of payment for working from home if this is a concern for you.
• If you want them to do research, they may not have the time to do it. This is a potential problem because they will have to get it done quickly if you need it before a deadline.
• You can’t tell them what to write or how to write it. They may write your marketing copy in a way that you don’t like.
• You may be more comfortable if they did the writing themselves, but this is an issue of trust between you and your VA.
• Hiring a VA through an agency can be more expensive than hiring one directly from freelancers because agencies have overhead costs such as rent and utilities that freelancers don’t have.
• You may want to hire someone who has proven themselves over time, so you don’t have to pay them upfront. However, you can save money by hiring someone on an hourly basis instead of paying a fixed amount up front.

Hiring someone as a VA is a great way to save money if you don’t need the services of a full-time employee but want someone who can help with research and writing tasks.

Photo by Christina Morillo from Pexels.

What Can A Virtual Assistant Help You Do to Save Time and Money?

1. Give you the services of someone more skilled than most people in your company and better at doing certain tasks than others in your company.
2. Let you easily and quickly hire someone who can do a variety of tasks.
3. No need to pay your employees overtime when you don’t need them.
4. Don’t have to pay for benefits such as health insurance, retirement, and paid time off.

When Should You Hire A Virtual Assistant for Your Company?

It is possible to hire a virtual assistant for your business as a full-time employee.

However, it may be more cost-effective to hire one as a VA because they are cheaper than full-time employees.

There are several reasons why you might need to hire a virtual assistant as a VA:

1. If you don’t need the services of a full-time employee, but want someone who can help with research and writing tasks, hiring someone as a VA is an option for you.
2. If you want someone who can do the work of more than one person in your company or your clients’ companies, hiring someone as a VA may be an option for you.
3. You can have one person do the work of several people by having them perform tasks such as research and writing that would normally be done by different people in your company or your clients’ companies.
4. If you are a small business owner or an entrepreneur, you may not have the time or expertise to do all of the tasks that you need to be done. You may want to hire someone who can do a variety of tasks for you and who is skilled at doing those tasks.

Where to Find Virtual Assistant?

You can hire a virtual assistant through online websites such as Upwork or Freelancer.

You’ll pay them either per hour or per project.

You’ll have to submit a job request and the VA will bid on it. Once they win the job, they’ll work on it for the agreed-upon time period.

This can save you money because you won’t have to pay employees overtime when you don’t need them for an extended period of time.

However, if you want to make sure that your VA works on your project exclusively, it may be more cost-effective to hire them through agencies that charge hourly rates rather than per project.

Agencies also provide benefits such as insurance and HR services that are unavailable from freelancers.

After reading all that, you will be able to conclude that hiring a virtual assistant provides a lot of benefits for both you and your company.

What you are spending less on is labor, operational costs, and training. You spend less on payroll taxes and other operating costs.

When companies hire VAs, they free up bandwidth so that their workers can focus on high-value tasks that will promote business growth and keep them engaged.

To read more helpful tips about growing your business, check out our blog, WorkDeputy!