Behind most established blogs are a coordinated team of assistants undertaking tasks at a terrific pace. This virtual assistant statistics will let you know why it’s so.
The early stage of an online business is usually managed as a one-man show, with the owner wearing many hats.
A typical online entrepreneur takes on the role of a writer, editor, copywriter, graphic designer, marketer, psychologist, administrator, moderator, course creator, transcriptionist, and help desk officer.
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While this is tolerable when a brand is starting and building some considerable level of traction, the next level of growth will require you to hire a virtual assistant.
Delegating little tasks to a Virtual Assistant (VA) frees up your time so you can concentrate on the core parts of your online business while reducing costs.
Not only can hiring virtual assistants help cut down on overhead costs, but it also helps you improve productivity and team efficiency.
While several factors determine the costs of hiring a VA, it’s easy to find one that fits your budget. This article breaks down the key factors that affect virtual assistant costs.
And besides, several blogging influencers have reported successful brand growths when they hired and outsourced time-consuming jobs to a VA.
It makes more work done with less stress.
If you want a virtual assistant to efficiently manage tasks that you find uninteresting in your business, you can hire me right here.
11 Virtual Assistant Statistics For Smart Entrepreneurs
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Virtual assistants can save you up to 78% on operating costs each year
Hiring a virtual assistant eliminates the need for renting an office space, internet subscription services, and other sundry expenses involved in maintaining an employee workforce.
Replacing full-time employees with virtual assistants cuts down operating costs by 78% a year.
That means it is three times cheaper to hire a VA than an employee.
Operating costs like employee training can be averted since a virtual assistant is only hired based on the specific skill set needed.
Remote jobs are gradually taking over traditional office jobs.
The average VA salary ranges from $400 to $5,600 per month
Philippine is the preferred place for hiring virtual assistants. Most Americans find them convenient as they have an affordable rate of $400/month.
Indian virtual assistants place their price at $800/month. U.S. virtual assistants have the second to highest price at $4000/month and Australia ranks the highest at $5600/month.
Aside from the low salary of the Philippines, they are usually preferred because they speak American English, do their jobs efficiently, and are least likely to take over your business.
U.S. virtual assistants have a high salary of $4000/month because of the high standard of living, while the Filipinos are alright with $400/month because of the low cost of living found there.
90% of remote workers prefer to work remotely for the rest of their career
No doubt working remotely gives you the flexibility to work according to your pace and personal preference.
This is something that cannot be found in traditional office jobs.
No wonder ninety percent of people prefer to work that way for the rest of their professional careers.
There are various remote jobs available. Topping the list are virtual assistants, freelance writers, transcriptionists, freelance graphic designers, freelance developers, and so many more.
It seems that once most professionals have a taste of working from home, they wouldn’t want to stop.
Remote jobs are on the rise, and it’ll keep becoming attractive as a viable career path in the future.
13% of employees work better from home than in an office
CTrip, reputed to be the Chinese largest travel agency conducted a nine-month survey on all their staff.
They separated the employees with odd-numbered birthdays to work from the office, while those with even-numbered birthdays were allowed to work from home.
Both the employees working from home and office used the same computer system, had the same managers, worked the same shift periods, and with the same office equipment.
After the nine months, the management of CTrip discovered that those who worked from home were 13% more productive than those who worked from the office.
The employees who worked from home turned in fewer sick calls, with the explanation that most times they weren’t strong enough to commute but they had enough strength to work from home.
When probed further about the increase in performance level, the employees who worked remotely also attributed their productivity to the tranquil home environment.
Work satisfaction was also higher for remote workers compared to office workers.
Surprisingly, when the management offered all the employees to choose from working remotely or working from the office, the remote workers preferred to work in the office.
The major reason the remote workers gave for their refusal to continuing working from home was loneliness.
India and the Philippines are the top 2 destinations for finding virtual assistants
Upwork reported that out of the 8 million virtual assistants on its platform, one million are from the Philippines.
This is because the Filipinos have the world’s highest literacy rate of 96.2%. They are the best when it comes to writing business English.
India ranks next as the second destination for outsourcing virtual assistants, as they are the second-largest English-speaking country.
These two countries dominate when it comes to globally outsourcing virtual assistants.
However, other countries like U.S., UK, Mexico, Indonesia, Romania, Pakistan, and Thailand also have rising virtual assistants.
Virtual assistants can be found in online job boards like Upwork.
69% of office workers suffer from stress than remote workers
37% of office workers in a cubicle and 32% of workers in open-plan offices were reported to be affected by workplace stress than their counterparts who work from home.
That makes it a total of 69% of workers suffering from stress. Only 17% of remote workers admitted that they felt stressed out at work.
The study was conducted in the UK, and the bottom line is that stress seems to affect productivity terribly.
Workers who can work flexibly and away from the office environment report lower levels of stress than their cubicle colleagues.
This is a good indication of the plight of workers all over the world.
59% of virtual assistants are full-time employees
The accurate percentage of virtual assistants that have transformed the work into a full-time job is 58.9%
The remaining 41.1% of part-time virtual assistants still juggle their work with their primary job.
To be honest, this is a fantastic way of making a side income.
The demand for virtual assistants is steadily on the rise. Several online business owners are realizing the need to delegate tasks and focus on the critical part of their businesses.
Most online brands have taken the form of a physical company, with virtual workers operating from different parts of the world.
This trend is not going to die anytime soon.
87.7% of virtual assistants are paid hourly
One good thing about hiring a virtual assistant is that payments are made when milestones are reached.
Unlike a full-time employee who is paid regardless of whether he was productive the whole month, most virtual assistants receive payment when certain goals are met.
87.7% of virtual assistants prefer to be paid on an hourly basis.
A study by Inc. found out that most 8 hour employees are productive for only 2 hours and 53 minutes per day.
Productivity levels increase drastically when a virtual assistant is hired compared to when an employee comes on board.
24% of virtual assistants work 31 to 40 hours per week
Still harping on productivity, a typical virtual assistant works an average of 35 hours and 30 minutes a week.
The lowest virtual assistant grinds for 31 hours a week while the longest working virtual assistant has his hands full for 40 hours a week.
That insane amount of time that could’ve been spent doing things you don’t really like about your business can easily be outsourced to a virtual assistant.
This is a real case of buying back your time.
The concept of outsourcing is slowly seeping into online business models.
77% of workers who are offered remote working says it improves their productivity
High-performance workers say working from home boosts their productivity, while low-performance workers prefer working in the office.
Seventy-seven percent of workers admit that working remotely will raise their performance levels.
While the high-performance worker thinks of the quietness and distraction-free environment, the low-performance worker thinks of how he’ll battle with resisting the temptation of switching on the television.
Different studies have been carried out to show that workers get better results working from home than they do in the cubicles.
The outsourcing industry is now worth over $105 billion
With the steady rise of the demand for virtual assistants, the worth of the global outsourcing industry has also been on the increase.
In the year 2000, the outsourcing industry was worth $45.6 billion. In 2014, it climbed up to $104 billion.
Currently, the outsourcing industry has grown to over $105 billion. That’s a lot of money to go round for quality virtual assistants all over the world.
The industry’s worth hasn’t peaked yet. As more and more online entrepreneurs come to realize their need for virtual assistants, the figures are going to keep skyrocketing.
Need A Virtual Assistant? Hire Me
If you’re looking for an experienced virtual assistant to handle your social media marketing, email marketing, content writing, and other trained tasks, I’m available for that.
I’m a blogger and a virtual assistant for hire. You can hire me here.