Are Virtual Assistants Actually Affordable? How to Make the Most of Your Investment

Thanks to the pandemic, American workers are changing rapidly for remote work. It is estimated that by 2025, 36.2 million Americans will be working remotely. This significantly increased from the 16.8 million population who worked remotely before the pandemic.

This change has created a new opportunity for companies to tap into the global talent pool by hiring virtual assistants (VAs).

If you are considering appointing a virtual assistant, you must answer the first question of how much you should pay them. This writing will look at the average virtual assistant salary and some factors that can affect how much you pay your assistant.

If you consider outsourcing some of your business tasks to a virtual assistant, keep reading.

How can a virtual assistant help thriving your business?

Virtual support services vary greatly from administrative support to social media management and can be contracted part-time or full-time.

The beauty of virtual remote assistants is that they can be from anywhere in the world, so you are not limited to the talent available from your nearest areas. This allows you to hire the best person for the job regardless of location.

Furthermore, virtual assistants are often more affordable than hiring in-house employees, as you do not need to provide them with office places or equipment. Your company does not even have to offer employee benefits and tax considerations.

What is a good virtual assistant salary?

The average salary per annum for a virtual assistant in the United States is below $44,000. However, this number may vary depending on experience, skills, and location.

For example, a virtual assistant with social media management experience will likely be paid more than someone providing administrative support. Similarly, virtual assistants in high-cost areas such as New York or San Francisco earn more than in smaller cities or towns.

This will be even more different if your virtual assistant is based in another country. On average, VAs in the United States earn about $15 per hour. However, when you hire a virtual assistant from another country, it drops to $5.

When deciding on a salary for your virtual assistants, you must consider how much value they will bring to your business. For example, if you hire a VA to handle bookkeeping, you have to calculate the cost of any tools or software they need to do their job, and their hourly rate.

To understand what you should pay for VA, look at virtual assistant services such as Perfect Virtual Team. In addition, you can ask your virtual remote expert for the skills and experience you are looking for to get a notion of the steady rate.

Factors Affecting Virtual Assistant Salary

Some key factors will affect how much you pay your virtual assistant. These include:

What kind of work they will do: 

As mentioned earlier, virtual support programs can provide a wide range of services. However, the work you want them to do will greatly impact their salary. For example, suppose you are hiring a VA who needs specialized industry knowledge or experience, such as in medicine or finance. You have to pay them more than a virtual assistant who only provides administrative assistance.

How many hours you need: 

Another factor affecting your assistant’s salary is how many hours you want them to work each week. If you want them to work a few hours each week, you can expect to pay less than what you would pay if you need them to work full time.

Years of experience:  

Like most jobs, more experienced assistants usually earn higher salaries than those who have just started. When looking for potential candidates, look at their work history to understand their experience level. You can also ask the virtual assistant about any relevant training or certifications they have.

Their location will also be a factor of cost, as discussed above.

How to pay for a virtual assistant

There are several options for paying your virtual assistant, and which is best suited for you will be based on the needs of your business.

You can pay every hour if you only need assistance for a short time. That way, you’ll only pay for the time you spend working on your project, and you’re not tied to a long-term contract.

If you need a virtual remote assistant for an ongoing project, you may want to consider giving them a monthly payment. This can be a more lucrative option, as both of you will reach a reasonable compensation figure, and you will not have to worry about accumulating many hours each month.

You can also pay after each completed project. This can be a great cost-efficient technique by letting the virtual assistant work as long as the project is completed by your deadline. In addition, it is easy to track payments due to VA based on the number of projects completed in the selected period.

No matter which payment method you choose, it is necessary to write down your arrangement. This will help prevent any misunderstandings in the future.

Choosing an outsourcing company

Using a virtual assistant company like Perfect Virtual Team can be a great way to find a qualified assistant. The Virtual Assistant’s salary will be decided in advance, and the company will handle all payments, time, and task tracking.