Every entrepreneur or business owner needs to weigh the pros and cons when it comes to the virtual assistant vs employee decision.
Like every decision made in business, there will be advantages and disadvantages, so making the right choice for your company will prove essential.
While both workers can perform the same tasks, such as general administrative duties, social media management, office management, and personal assistant duties, things like cost and work flexibility also impact your choice.
This article will help you evaluate the for and against hiring a virtual assistant vs an employee.
One of the main advantages of hiring a virtual assistant freelancer is its flexibility regarding working hours.
You can hire virtual assistants for a short-term period, part-time, or for the duration of a project you are working on.
Having that flexibility allows you to call on the skills of a virtual assistant as and when you require them. For example, all companies have peak times where they need extra staff, such as the busy Christmas period or to cover staff holidays and sickness.
Of course, you could also hire a virtual assistant full-time. It is whatever suits your business best.
Excellent virtual assistants have diverse skill sets, which will always prove advantageous to your company.
Of course, you can hire a freelance virtual assistant for administrative tasks such as data entry, bookkeeping, scheduling appointments, and client meetings. Still, highly skilled virtual assistants can do much more.
For example, many business owners hire virtual assistants for social media marketing and promotional work, blog content writing, photo and video editing, and even technical support.
You may find that the virtual assistant you hire has skills you didn’t even realise your business needed, like advanced graphic design expertise.
Money talks and hiring a virtual assistant will save you a lot of money compared to employing an in-house employee on an annual salary.
Hiring a virtual assistant at an hourly rate proves more cost-effective than paying a fixed monthly rate to a permanent employee.
When you hire virtual assistants, you don’t have the added cost of paying employee-related tax and pension contributions, and you don’t have to pay for additional office space and equipment.
Also, you don’t have to pay the remote worker holiday and sick pay or an additional overtime rate.
Hiring a virtual assistant allows the business owner to assess the actual hours they need on a specific project to ensure they are not paying people for lunch breaks, tea/coffee breaks, and toilet breaks.
When you hire a virtual assistant, it allows for a flexible schedule that suits your business.
Many businesses find that hiring a virtual assistant allows them to have a more flexible schedule than when they employ a permanent team member.
When you use virtual assistant services, you only pay for the actual hours worked, which means you are saving money, and your remote worker could be working outside your transitional office hours.
There will be a disadvantage for every advantage when hiring a virtual assistant based in another time zone for your business.
The disadvantage in this situation is that you might need a task to be completed within an hourly schedule at a particular time. For example, that time may be during your working hours but during the night for your virtual assistant.
In this case, it will mean that only an in-house permanent employee can perform these tasks for you and indicates the remote worker can only undertake specific tasks at certain times.
The virtual assistance worker may also encounter technical difficulties with their internet connection or computer that can only be solved on-site. Having to wait for them to have the problem fixed locally will impact your production times.
You will have to spend additional money paying for online platform time-tracking software when you hire remote assistants.
You may have a flexible work schedule, but you still need to ensure that all work is completed on time. Tracking hours worked will also help you assess their work ethic.
It is often harder to judge a person, especially their work ethic, when they are not physically present. Therefore, it is vital to use time tracking software like Time Doctor.
The last thing you need is to find out late during peak season that your virtual assistant is way behind on their tasks.
Most virtual assistants are based in countries such as The Philippines, India, and Malaysia, which means you could encounter some language and cultural barriers from time to time.
For example, a virtual assistant can have excellent English. However, there will still be times when things get lost in translation, or the tone of your written communication exchange may cause unintended offence.
Companies based in Australia and America are used to communicating in what could be seen as an abrupt manner. In contrast, people from The Philippines speak far more respectfully.
You may even encounter a situation where a remote worker cannot work on a specific day due to their religious beliefs.
Employing someone new to your company is always a bit nerve-wracking because you are never sure if the full-time employee will work out long term.
The hope is that your new in-house assistant will be a perfect match for your company, and you will build a strong working relationship.
If you offer your new employees bonuses on top of their fixed working hours, they are more likely to stay loyal to your firm.
Bonus incentives alongside the standard holiday pay, sick pay, and a company pension plan will make workers feel valued. When you treat your employees fairly and encourage them to improve, they will reward you with loyalty.
Having a loyal and trustworthy workforce is invaluable for long-term business growth.
Direct communication is far more accessible with a full-time employee who works as an in-office assistant than a remote assistant.
When your assistant is based in the same building as yourself, you can have face-to-face conversations if either party does not fully understand what is required of any given situation.
Sometimes a new employee will need hands-on help from another permanent staff member. Working directly with this team member will help forge a strong working relationship when working on critical project-based contracts.
When you work side-by-side with a person, there is less chance of a communication breakdown which leads to mutually beneficial relationships.
When you do actual work in the same office as a person doing the same duties, it goes a long way in helping to create excellent team dynamics.
Working side-by-side, you get to see the strengths and weaknesses of each worker more easily.
Knowing a worker’s weaknesses and strengths helps a business owner give the right tasks to the right people to ensure the maximum team performance output.
Suppose all team members are happy in their roles for the company and can build working relationships and even friendships with their colleagues. In that case, it will lead to a smoother working process which is one of the leading employee advantages.
High costs are the top disadvantage whenever the employee debate is brought up.
Employers incur costs all the time, but when you employ someone as a full-time physical staff member, you have to consider far more overhead expenses.
Employing a permanent staff member instead of a remote assistant means you will incur additional training costs, sick leave pay, holiday pay, bonus payments, healthcare insurance, pension contributions, and maternity and paternity leave.
There may be further full-time employee company benefits related to the product or service you provide. As a result, the cost of employee benefits alone can soon mount up.
In addition to all these costs, there are additional office space and equipment costs that you have to pay for, which you don’t have to worry about with virtual assistants.
One key disadvantage of employing a worker on a full-time contract is that the employment contract is fixed and hard to break.
You make a long-term commitment when you employ a person as a full-time employee, in-house assistant, or in any other role.
It is common practice for companies to insist on a three-month probation period when they employ a new full-time employee. If things are not working out within that time, you don’t have to honour the employment contract.
However, it is far harder to part company with an employee after probation. Therefore, ensuring you employ the right person for the role is vital.
Employing a full-time employee means that you will have to pay them a regular fixed wage even during slow periods.
Every business goes through slow and peak periods during the working year, so you have to factor in the cost of paying employees wages during their slow periods. Unfortunately, slow periods typically last far longer than peak periods for most companies.
In addition, you will have to pay full-time employees overtime wages if they work over their regular working hours.
Also, employees expect additional wage incentives written into their working contract for when they get specific targets, and these other bonus payments can soon add up.
When you employ a worker as a permanent staff member, you spend money training them to the required standard. Still, sometimes they get headhunted by other companies, leaving you to go through the process of finding a suitable replacement.
In this situation, your company can suffer because it may take months to find a suitable replacement and even longer to train them up to the same standard.
All this time spent on sourcing and training can result in lost productivity for your company, resulting in lost revenue.
As you have read, there are advantages and disadvantages to both virtual assistants vs employees. You must decide which option suits your business needs at a particular time.
If you decide to hire a VA but are a bit daunted by the process, then working with a VA agency is the ideal solution.
Call us today and find out how we can find you the perfect VA and deal with the hiring, training, and managing processes.
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Read MoreThe internet is a hotbed of information and with good reason. It’s so easy these days to open a browser on your phone or your computer and just Google the answer to any question you have in mind. This applies to many topics – food, travel, literature… and real estate! There are plenty of resource … Continue reading 5 Killer Quora Answers on Real Estate →
Read MoreWarning Signs You Need To Hire A Real Estate Virtual Assistant You don’t have unlimited time to spare. You won’t be able to do everything on your own. You know, all the small things like double-checking information over the email or phone and keeping track of all your documentation. Even though you may … Continue reading Warning Signs You Need To Hire A Real Estate Virtual Assistant →
Read MoreHow Remote Work Is Changing Tech Salaries It was only a matter of time before technology allowed us to skip the commute and work from home, but the change happened quicker than expected due to COVID-19. It is pretty impressive how quickly companies abandoned the office with little disruption to productivity. For many, the … Continue reading How Remote Work Is Changing Tech Salaries →
Read MoreWhy Real Estate Agents Prefer to Outsource Rising prices of property in combination with consistently high demand from investors have established profitable conditions for real estate agents. However, increased competition and improved technology have pushed the agent to work harder than ever before to close deals. It is a conundrum that places the agent … Continue reading Why Real Estate Agents Prefer To Outsource →
Read MoreHow a VA Can Help Real Estate Agents Negotiate Short Sales Foreclosures are a harsh reality in real estate. Every day homeowners are faced with the possibility of losing their property. It is a dreaded situation that no one hopes to experience. An option to consider is a short sale. In order to facilitate … Continue reading How A VA Can Help Real Estate Agents Negotiate Short Sales →
Read More6 Things to Know Before Outsourcing to a Real Estate Virtual Assistant There is no doubt that outsourcing to a real estate Virtual Assistant will reap a multitude of benefits for your agency. It is a low cost, sustainable option that will contribute to your productivity, enhance the quality of work and provide your business … Continue reading 6 Things to Know Before Outsourcing to a Real Estate Virtual Assistant →
Read MoreWhere to Find the Most Affordable Real Estate Virtual Assistants Hiring virtual assistants present several benefits to real estate agents. The level of work productivity increases because the agent is able to delegate a good number of administrative tasks to the Virtual Assistant. Quality of work also improves because the VA has the time and … Continue reading Where To Find The Most Affordable Real Estate Virtual Assistants →
Read MoreComparison Between In-House or Outsourcing Real Estate Management Managing a real estate agency can be a handful. There are many tasks, duties and responsibilities that need to be attended to on a daily basis. But considering the competitiveness of the industry, real estate agencies have to be more aggressive in their efforts to reel … Continue reading Comparison Between InHouse And Outsourcing Real Estate Management →
Read MoreWhat Can a Real Estate Virtual Assistant Do? A career as a real estate agent can be financially rewarding. One sale can easily justify months spent closing the deal. In Australia, the median property price is $623,000. If you sold residential dwelling at that price, your commission would be $12,460. But the process of … Continue reading What Can A Real Estate Virtual Assistant Do? →
Read MoreHow Real Estate VA’s Can Boost Your Business Real estate VA’s or virtual assistants can do more than just assist you in administrative tasks. Properly managed, they can be a significant factor in cultivating success for your agency. Here are 9 ways real estate VA’s can boost your business: Manage Costs Cost … Continue reading How Real Estate VA’s Can Boost Your Business →
Read More20 Tasks You Can Outsource To Your Real Estate Virtual Assistant As an entrepreneur, independence is an admirable virtue to have. It gives you the mindset to take responsibility for all decisions you have to make. But it can also hinder your progress. This is especially true if you are in the real estate … Continue reading 20 Tasks You Can Outsource To Your Real Estate Virtual Assistant →
Read MoreOutsourcing for Real Estate Agents Solutions As entrepreneurs, real estate agents are used to managing tasks on their own. It is part of the process of building the business from the bottom up. This arrangement is perfectly fine when starting out. But when you begin to gain traction and work gets busier, those tasks … Continue reading Outsourcing For Real Estate Agents Solutions →
Read More6 Reasons To Outsource Real Estate Management Given the amount of work that needs to get done in a real estate agency, ideally you want a low cost solution that also contributes to revenue generation. It may seem like a version of real estate utopia, but the truth is such solution exists in outsourcing. Here … Continue reading 6 Reasons To Outsource Real Estate Management →
Read MoreHow To Hire A Good Real Estate Virtual Assistant The real estate process can be very tedious which leads to a number of interesting days in the life of an agent. With so many things to attend to, it can be a challenge to put order amidst chaos in an agent’s typical working day. In … Continue reading How To Hire A Good Real Estate Virtual Assistant →
Read MoreHow to Become a Real Estate Virtual Assistant In the old days of dial- up Internet service, virtual assistants were hired primarily to manage administrative functions. They were considered more as secretaries or personal assistants. But in the new millennium, broadband technology made the Internet more accessible and created niches in the virtual assistance industry … Continue reading How To Become A Real Estate Virtual Assistant →
Read MoreWhat Is A Real Estate Virtual Assistant? Aside from client meetings, property negotiations, and site visits, your real estate business has many administrative tasks to deal with. If you find yourself dealing with admin duties every day and not high-value tasks, it’s time to hire a real estate Virtual Assistant. “Real Estate Virtual Assistant? … Continue reading What Is A Real Estate Virtual Assistant? →
Read MoreMore businesses around the world are outsourcing services to virtual assistants. From small- scale businesses to Fortune 500 companies, many have discovered and acknowledged why contracting virtual assistants is a good business strategy.
Virtual assistants are Internet- based professionals who are contracted to handle a specific task or set of responsibilities. They work from a remote location; usually from home and are generally considered self-employed or proprietors of a business that offers virtual assistance services.
Read MoreOver the last 15 years, outsourcing has grown to become an important component in business development strategy. What was once viewed as a stop- gap measure to address cost reduction has evolved into a process that can actively contribute to revenue generation.
The exponential growth of outsourcing corresponds with increasing turbulence in the global economy. Political regimes are changing; new foreign policies are being enacted and economies are re-aligning their resources.
Read MoreThere is a growing trend among companies to integrate a remote staff member within their work force. In 2011, Yahoo! CEO Marissa Meyer introduced a remote worker plan where 10% of staff worked from home. A few years later Meyer increased the distribution to 15%.
While Meyer chose not to maintain the program, other companies such as United Health Group, AETNA, IBM, AMEX and Xerox started their own remote worker programs.
Read MoreContracting the services of a real estate virtual assistant can help with those non dollar productive tasks. From taking and making calls, preparing contracts, updating lists, arranging inspections and marketing.
If you can’t manage time efficiently, your productivity will suffer and ultimately affect your agency’s profitability.
There is an option that will enable you to exponentially increase your productivity.
Read MoreThe Virtual Assistant was once the best kept secret of successful entrepreneurs. However once Tim Ferris, Michael Hyatt and James Schramko shared how their online employees allowed them to grow their businesses, others wanted to experience the same successes as well.
But as with most professions, not every candidate who signs up can get the job done.
Increasing demand for virtual assistance work has blown open the doors of opportunity for those who want to cross over to the online profession.
Read MoreIf you want to maximize the benefits of outsourcing, you may want to outsource to Philippines. It has been the primary destination for global outsourcing since 2013 and its industry continues to grow at an annual rate of 20%. If you want to know “why”, here are 7 reasons you should outsource to the Philippines:
High Literacy Rate – At 98%, the Philippines has one of the highest literacy rates in the world. This is quite an achievement considering the Philippines is essentially a developing economy.
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