6 Ways Hiring A Virtual Assistant Can Help Decrease Operational Costs

6 Ways Hiring A Virtual Assistant Can Help Decrease Operational Costs

By News Desk | The Trent on January 15, 2021
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A virtual assistant works remotely and tackles all the administrative tasks to manage your business and much more. They can handle any work that your institution pays them for the required period. They have the right tools, experience, and skills to tackle the job at hand.

Here are some of the areas that you can outsource to a virtual assistant;

  • Bookkeeping
  • Accounting
  • Social media marketing
  • Support
  • Replying to Emails
  • Handling of invoice

It is not only convenient but also cost-effective to hire a virtual assistant. They can help you with not just official but also personal and mundane tasks. Hiring a virtual assistant can help you decrease operational costs. Here are other reasons you should outsource to virtual assistants.

Lower Salary

VAs are cheaper to hire since they are paid hourly for the task they handle. Instead of hiring a full-time employee who will require a full-time basic salary, allowances, and much more, you should consider outsourcing. It will reduce the cost needed to run and grow the business.

Since VAs work remotely, they don’t require extra costs like paying for internet, laptops, power, and the office charges necessary when hiring a full-time employee.

A Virtual Assistant will also help you with some of the financial duties and employment responsibilities.  Taking on staffing companies will enable you to keep the best staff compared to employers offering massive salaries to get quality staff.

No training costs incurred

Companies that offer VA services have already conducted some of the extra training required for you. When you hire a virtual assistant, you need to give guidance on your work and assign tasks.

No more worries about training your workforce regarding VAs; they come with skills and experiences. They are ready to start right away and help your company to grow.

Managing challenging tasks

Letting a Virtual Assistant handle challenging and time-consuming tasks allow you and your team to focus more on the company’s core operations. And also, they can help you grow and generate more income with less expenditure on operational costs.

Here are some of the tasks that your company can assign to a Virtual Assistant that would otherwise have cost way more when you hire a full-time expert to do it.

  • Replying to Emails
  • Researching
  • Data Entry
  • Customer support
  • Receiving calls

These tasks consume time you would have otherwise used to execute other essential tasks vital to the business’s growth.

Virtual Assistants are more productive

As compared to office workers, remote workers are more productive, according to the research done by Stanford Study. They indicate that remote workers have a more than 13% more productive rate than office workers. They also have fewer breaks and minimal movements as compared to office workers.

That means when you hire a Virtual Assistant, you can expect them to complete the tasks on time, which will result in a decrease in operational costs of your business. They can work longer and faster than regular employees. That means more productive hours for you to focus on the core of the business.

Simplify on marketing costs

It’s estimated that many companies spend extra costs amounting to over 10% of their overall funds, just doing advertisements and marketing their brands. However, this percentage will go way lower if a company outsources a third party.

A virtual assistant can conduct digital marketing for you with ease and at lower costs. A remote assistant has all the tools required to advertise your website and brand and give you the exposure you need. They can conduct your website’s full service from SEO optimization, web design, and even content writing without you breaking a bank.

With their marketing strategy, you can save more on advertising costs and other charges. Their work is usually on point since they keep up with different marketing strategies available.

Insurance

For companies, insurance is a must-have if you want to protect you and your company’s investments. According to the information Institute’s research, 40% of businesses hit by disasters fail to recover, and with stakes much higher many companies would not want to risk and opt for insurance.

Types of insurances include

  • General Liability
  • Workers Compensation
  • Personal Liability
  • Employment Practice Liability
  • Commercial Property

With that in place, companies spend over $1000 annually on insurance to protect their businesses. It means as your businesses grow, so does the cost of insurance. However, this does not always have to be the case. Having a VA can save you on additional charges of paying some insurance cover such as Workers Compensation and employment practice liability, among many others.

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