Want a winning combo for your business growth? It could be Virtual Assistant and employee monitoring software.
Not sure of what I said… well, it’s a simplistic approach; modern workspaces have already taken a new shape. Business owners or entrepreneurs have moved toward remote settings and are happily outsourcing their projects. But here it’s tricky; who will manage and deal with other matters? Then comes the role of virtual assistants. They help you bring work done on your table with precision, efficiency, and flexibility.
But the major concern is how much would they cost to play this role?
Well, its answer is simple: virtual assistant costs depend on job descriptions, workloads, and timings. To help you through manageable payments to your outsourced virtual assistant, I’ve written this blog!
Defining Virtual Assistants
Before landing on the question, “How much will it cost to hire a virtual assistant?” make sure you know who your virtual assistants are and what role they perform.
Alright, Virtual Assistants are online managers or people you hire from any region of the world. They can be freelancers or remote people who take off your stress and create a productive powerhouse for you. You can hire one through an agency or freelance marketplaces like Fiverr or Upwork.
Job Roles of Virtual Assistants
They help you streamline all the operations of your business. Such as managing time effectively, scheduling meetings, bookkeeping, all administrative work, dealing with customers, responding to emails or calls, or managing social media accounts.
Why is there a rise in Virtual Assistant?
It’s simple: you can save the time that you spent managing several tasks yourself. Second, hiring a VA brings flexibility, like you can hire on an hourly, part-time, or project-based basis. Most importantly, they are skillful professionals who bring solutions to offload any lagging work with their smart growth strategies.
Virtual assistants cost you smartness! Yes, this depends on the type of your business, urgency, experience level, location, and how you deal with them. Let’s get everything out in the open.
Expected Costs of Virtual Assistant Depending on Tasks
Jumping over the platform directly can be confusing if you didn’t know how much you should pay virtual buddies. Because they may overcharge, instead of being beneficial, it can exceed your budget. So, VA rates can vary anywhere between $1 and $1000; now, this must be negotiated and flexible for both parties and align with the job.
Such as: In the U.S., virtual assistants who manage administrative tasks like emails, calendar schedules, calls, and customer service charge you approximately $10 to $25 or above/ hour. But if the same roles are performed by a VA from a low-income state, then the cut of charges is $10-$15/hour.
Similarly, if it’s an executive role like coordination, proposal submission, bidding, or event management, the cost goes up to $30 to $50 or above per hour. But if it’s about managing reports, dealing with financial matters, or generating invoices, that may fall between $15 and $25 per hour. Another role VAs are actively hired for is social media marketing or management; this costs $10 to $20 or more. We have gathered this data from Indeed, Payscale, and Wishup.
Time-Sensitive Cost
This is quite an important factor that you must know. If your deadline is within 24 hours, you need to pay a little more. This is because managing urgent tasks demands time, focus, and rescheduling of your VA, as they are active employees of many other clients. So, to keep your budget line within, make sure you have flexible deadlines.
A secret tip: If you are a businessperson, you may hire a VA on a contract or full-time basis, offering competitive salaries.
Costs Related To Experience
This is not a dilemma; in fact, higher costs are for more skillful and expert professionals. If you’re taking an entry-level person on board, then the payment is minimal, but if the role is assigned to an expert with more than 5 years of experience, then you need to pull off your socks and pay more as per leadership work.
Location Virtual Assistant
Folks, hiring a VA from the U.S., U.K., or Canada costs you more as they have stronger economies. But if you hire people from Pakistan, the Philippines, Bangladesh, or Indonesia, you’ll be cutting off your revenue from a huge number. Yup, freelancers from regions have more competition and fewer charges, like $5 to $20/hour.
Paying a virtual assistant is easy and manageable; you can pay them on a price, hourly, monthly, or weekly basis. The structure of payment depends on the agreement your freelancer has signed with you. These contracts can be signed via third-party platforms; likewise, Upwork, Fiverr, Payoneer, deel, transire, or PayPal.
How would You Track VA Performance?
At the start, I talked about a winning combo!
Time Trackers are the tools for maximum outcomes and impressive performance with precision and clarity. To keep your tasks smooth and manageable and to be notified before paying, employee monitoring software can be a key player.
StaffWatcher is a powerful, efficient, and free tool that you can download to your desktop to track productivity. This app helps you track the real-time activity of your VAs with screenshot features. You can also generate hourly, weekly, or daily reports to estimate how much time a virtual assistant is giving to your projects. This helps you identify any delays or progress. Another amazing feature is that you can also check the idle time spent during the committed time from clock-in to clock-out time.
Verdict: Staffwatcher is a secure and transparent app that does not invade emails or webcams. So, enjoy tracking your virtual assistants, tracking billable hours, and monitoring real-time activity from your desktop!
Conclusions
As businesses are gaining new directions, hiring a virtual assistant is common now. Freelance VA helps you with administrative tasks, accounts, marketing, and a lot more. But how much does it cost to hire a virtual assistant? This depends on many factors like location, job role, urgency, and experience. So, choosing and settling on a budget must be done smartly. YOU can proceed with time trackers once a VA is hired. These apps make sure the individual is active and managing assigned tasks, and at the end, you can automatically generate billable hours. I hope the article is helpful; to learn about StaffWatcher, click on the link: Employee Time Tracker for Productive Monitor | StaffWatcher
