In 2019, more than 300k roles were outsourced, which has resulted in an increase in the hiring of virtual assistants. By 2022, the global outsourcing market is expected to reach $300 billion, up from $92.5 billion in 2021.
An advantage of hiring a Virtual Assistant is that you can get one tailored to your business and cover a variety of roles. This flexibility can save you money and free up your valuable time.
So why is it so important to hire a VA vs. an employee? And what can they offer my business?
The benefits for businesses are clear from the start. VAs, PAs, EAs, Content Creators, Marketers, Finance Directors, and Sales Professionals are among the most sought after in-demand professionals.
It is a big decision for any business to outsource, and letting a stranger into its business can be intimidating, but in the long run, outsourcing can save your business money and resources since VAs do not require you to provide office space or equipment, long-term contracts or HR responsibilities or additional costs associated with typical employees.
Arguably, an outsourced support team can accomplish the same results in fewer hours than a full-time employee. You can overcome capacity issues easily and reduce the amount of time previously spent on tasks in the office whilst still maintaining the same level of professionalism.
With a growing business comes a number of mundane and non-essential tasks. Having a virtual assistant helps alleviate the pressure of day-to-day tasks, so you can spend your time where it is most valuable in your business or personal life. If you have a skilled virtual assistant in your arsenal, you can devote your full attention to your business and your clients.
A skilled VA truly is an investment in the financial health of your business, both now and in the future. While every business owner has unique needs and circumstances, knowing when to hire help allows you to focus on what you do best with significantly reduced costs.