Pay: About $18 an hour 7. That means you can create a long-term relationship with someone who is highly qualified, trained, and knowledgeable across all of your preferences. So, is there really a huge demand for Virtual Assistants this 2021? you can hire a virtual assistant for 20, 40, 60, 80 hour time blocks. We're happy to have you on our site! With the help of a VA, you can outsource some low to mid-level management tasks so you have more time to focus on high-level ones. Virtual assistants from the Philippines and India are able to charge significantly less than freelancers from other countries because of their lower cost of living. As a result, many skilled professionals have chosen to work remotely as virtual assistants. ", "Delegated has helped us quickly to provide ongoing support for our growing team. The second most popular destination for outsourcing virtual assistants is India since it is the second largest English-speaking country in the world. Virtual Assistant Statistics of 2021 1.) Due to varying update cycles, statistics can display more up-to-date VAs today are extremely capable, and their affordable rates can help you save a huge portion of your company's budget. Over a couple of years, many business owners turn to virtual assistant services to perform their daily tasks, including. Quick Analysis with our professional Research Service: Toplists & Rankings: Best Employers Portal. This is according to the WFH experiment conducted at. In short, virtual assistants are viable options for any business that wants to expand its capacity. The map here shows where virtual assistants earn the highest salaries in the U.S. It's among the best online service providers with expertise in almost any industry. increase the use of voice technology in the near future, Special focus: Accuracy & money transaction. They can do tasks that an executive assistant would typically handle, such as scheduling appointments, making phone calls, arranging travel, or organizing emails. After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. ", Getting Started with Your Virtual Assistant. Virtual Assistant Hourly Rates Compared Globally, https://outsourceworkers.com.au/wp-content/uploads/2015/12/virtual-assistants-infographic-by-OutsourceWorkers.png, http://static.globalenglish.com/files/images/Business_English_Index_2012.pdf, https://www.statista.com/statistics/189788/global-outsourcing-market-size/, https://www.bestofbudgets.com/become-virtual-assistant-successful-interview/, https://www.bestofbudgets.com/virtual-assistant-hourly-rates/, https://www.societyofvirtualassistants.co.uk/va-products/, My Secret Strategy for Saving Tons on Online Shopping, How to Grow Your Blog Income and Traffic with Facebook Groups, Sneaky Little Trick to Lower Your Student Loan Payment, Different Meat Slicer Uses (and How it Saves Us over $2,000 Annually), 9 Essential Health and Self Care Tips For Freelancers (That Have Changed My Life), Is College Really Worth It? Some common virtual assistant services demanded by employers include general admin work, project management, bookkeeping, billing and invoicing, content research, blogging, customer research, customer support, data entry, etc. Three Categories of In-Demand Virtual Assistant Skills. Indirect time-saving this time-saving method is accomplished in a way that you are now taking higher-level types of tasks or the tasks that really matter to scale your business. Below youll discover ways you could delegate your tasks so you may start to focus on optimising and improving your processes for maximum business growth. The trend of freelancing also fits in with the need for companies to cut back on labor costs. Some enjoy working from home, while others prefer coworking spaces. Personal of course is travel, family, home and more. 2) Top 5 Most Critical Skills of an Online Assistant 2.1) Excellent Communication Skills 2.2) Extraordinary Computer Skills 2.3) Exceptional Time Management Skills 2.4) Remarkable Organizational Skills 2.5) Outstanding Leadership Skills 3) What Does a Virtual Assistant Do? 80% of marketers report that they allocate more assets to video marketing compared to blogging by a ratio of 63% to 60%. Virtual assistant usage statistics show that more than 80% of big businesses have decided to raise the number of contingent workers. Some data suggest that this may be due to the comfort and flexibility that comes from working at home. The rates for per projects are determined to keep in view the size and the scope of the project. Those who perform tasks such as reading text and dictation, finding phone numbers and making calls, emailing schedules and meeting reminders, etc. 1.4 49% of companies hiring VAs have more than 1,000 employees. NUMBER OF JOBS*. Statista.com valued the global market for outsourced services at USD 85.6 billion in 2018. The variations in pay show that there is room for improvement and an increase in pay for people who are ambitious and want to be successful. Here in My Cloud Crew, all of our VAs undergo the required screening before and during our recruitment process. Based on the Bureau of Labor 2021 Statistics (Chart 1), employers in the United States pay an average of almost 44% on top of wages, due to employee benefits. Virtual assistants are rather cost-effective and productive than hiring full-time employees. For instance, instead of you spending five hours per month doing a task, a VA will be the one to perform that same exact task on your behalf every month which in turn, gives you five extra hours to perform other important tasks. It is therefore essential for organizations to know what to look for when taking on virtual assistants. 87% of Virtual Assistants are female, and 12% are male, so there are more female Virtual Assistants than male Virtual Assistants in the United States. 78% of Virtual Assistants are 40+ years old or older, 16% are between the ages of 30-40 years, and 6% are between 20-30 years old, Asian virtual assistants have the highest. Over 80% of corporations plan to use a more flexible workforce. 2. Inbound inquiries to VA agencies increased an average 52% YoY. Virtual assistants on the lower end of that spectrum, the bottom 10% to be exact, make roughly $29,000 a year, while the top 10% makes $54,000. Use our chart to find out where that salary is located. While this usually happens, you can avoid all the stress and hassle in doing mundane and repetitive tasks by hiring a. Following closely behind are two more cities from the Golden State, Fremont and San Jose, with $81,671/year and $79,496/year, respectively. People often choose this line of work just because they can set their own hours. Business owners can save upwards of, Have you been wondering whether employees are more productive working from home than in an office? As the Harvard Business Review notes when quoting Nicholas Bloom, that means that Ctrip got almost an extra workday a week out of them., Imagine what your company could do with an extra workday per week out of its high call volumes and you begin to see the appeal of the virtual assistant.. The Philippines and India are the best destinations for finding virtual assistants because both countries are on the top of the list of global outsourcing. The most common reason why our clients hire a General VA is to save time, which can be achieved in two ways: Direct time saving and Indirect time-saving. Almost 60% of virtual assistants have a college education. The majority of VAs work as freelancers, as reflected in one figure [1] that shows up to 88% of VAs are paid on an hourly basis. Virtual assistants earn the most in Hawaii, where the average virtual assistant salary is $53,760. A close second is associate degree with 22% and rounding it off is high school diploma with 9%. The country also holds the. It can be quite a headache to train a new employee every few months or so, which can take away time from focusing on getting the work done. In short, are you going to save money by hiring virtual assistants over full-time assistants? Modern times have affected traditional employment. Virtual assistant requirements. This career can be perfect for someone who wants to be independent, start a new career or a part-time business on the side, or work remotely. Clients can hire virtual assistants with the specific skill set that they need, eliminating or reducing the need for training. 325 118th Ave SE Suite # 200, Bellevue, WA 98005, 20192022 MyVirtuDesk.com All Rights Reserved. Depending on the industry, there are different types of virtual assistants. For example, a virtual assistant that already has the skills you wantsuch as bookkeeping and calendar managementdoesnt really need a large training period where they adapt to what it is you want to accomplish. Definitely! Plus, if you're not pleased with the quality of any request response, we will return the time, simple. But the largest part of virtual assistants earn between $31,500 and $100,000 annually. The virtual assistant industry is becoming a. and all over the globe. Additionally, some virtual assistants work full-time hours while others only work a few hours per day. Copyright 2021 My Cloud Crew. At this point, your time and effort are now divided between clerical and managerial activities. From that, it can be inferred that virtual assistants make $32/hour, or around $5,600/month, on average. Statistics on virtual assistants, meanwhile, show that you can make sure youre paying only for productive work from your remote staff. Only then will they be able to choose the right person for the job. Most 8-hour employees are only really productive for. Then, one of our Consultants will reach out to you. Other than that, clients also hire virtual assistants who are extremely competent in. The experience with Virtudesk is really good and I am really really happy. That makes virtual assistants highly productive and capable of handling a wide variety of tasks. We created this chart to show you the average size of companies that typically hire virtual assistants. We compared this job title with other job titles to see how gender percentages varied. In 2021, the. Work-life balance has been prioritized for quite some time. Today, it is estimated to be worth $100B. According to data compiled by Onlinejobs.ph [3], the Philippines offers one of the most affordable rates when it comes to full-time VAs, at $400/mon. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Insights into the world's most important technology markets, Health Market Outlook The increase in demand for virtual assistants can be seen from statistics that need VA support like the increase in internet users from July 2020 to July 2021 at 257 million. India is the second-largest English-speaking country after the US. Most entrepreneurs assume that virtual assistants only work as freelancers or part-time employees. By hiring virtual assistants, for example, companies can reduce costs while essentially handling the same amount of work they would otherwise get done with a full-time assistant. This sums up to $58,344 annually in 2021. You can save money spent on recruitment and training process. On Upwork, you'll be able to find many of these jobs as you become a virtual assistant, but you can also increase your rate very quickly as you specialize. But the bottom line is the most important thing. You can also decide how long you are going to work. Many employers decide to take on virtual assistants. This data shows how men and women predominate in the virtual assistant position over time. FREE Professional Recruitment Service! Workers send and receive 160 business emails a dayor 800 emails a week. The local rates in South Africa for simple typing starts at R 75.00 per hour. Content writers may also offer editing, formatting, and SEO help. 10 Virtual Assistant Statistics Every Freelancer Must Know in 2021 1. Freelance virtual assistants have a wide range in their salaries and hourly rates. The first out of many virtual assistant statistics is shocking. Well ask you some questions to match you with one our virtual assistants as well as a backup assistant. A VA is also usually equipped with the latest cloud tools like Software as a Service (SaaS) tools and customer relationship management (CRM) platforms. With the use of the Human Resource Information System (HRIS) platforms like Bamboo HR, maintaining and updating employment records are now simpler than ever. And as you continue to expand, your business burns more and more of your time. This proves that working in the office greatly affects employees disposition and productivity. According to the predictions about the US workforce, over 40% of all employees were expected to be freelancers by 2020. At 96.2%, the literacy rate in the Philippines is one of the highest. Virtual assistant statistics reveal that the best thing about working as a virtual assistant is flexibility. In addition, the industry that employs the most virtual assistants is the insurance industry. 1.2 50% of the US workforce is forecasted to be virtual professionals by 2028. Our platform gives you the power to create a workflow that fits your lifestyle. Social Media Management Businesses of all sizes now use social media platforms to communicate with potential and existing clients. You can also upgrade at any time. $10K VA Training Course; 7 3. The increase in demand for virtual assistants can be seen from statistics that need VA support like the increase in internet users from July 2020 to July 2021 at 257 million. I have Delegated handling my calls, appointments, travel., "We actually updated our HR employee enrollment process to include Delegated as part of employee orientation. According to statistics from Indeed, the average virtual assistant in the US is paid $19.37/hour. Also, 16% of remote workers face loneliness as a disadvantage resulting from not working from the office. 1. The use of virtual assistants (VAs) in the workplace is growing. Interestingly enough, the average age of virtual assistants is 40+ years old, which represents 78% of the population. Ill rate Virtudesk 5/5. Being one of the best countries of choice when it comes to Business Process Outsourcing (BPO), the Philippines has VAs that have acquired extensive knowledge of the best CRM platforms, such as ZenDesk, Zoho, and Hubspot, through experience. You can also submit tasks and build out numerous preferences. A VAs main tasks include the following: Sales are not just about selling and earning money. The time that they spend on email interaction is estimated at 28% of the workweek. After all, freeing up your time to focus on doing the things that matter for your business is the key to success. Apple's Siri: 13.1 percent. You choose how to track time, communicate, and share files with your assistant. It is advisable because you choose which information you share with the public. VAs from the Philippines are highly skilled in CRM tasks. As an entrepreneur, your time is your most valuable asset. One of the reasons why we hire a Virtual Assistant is because a VA cant walk out my door and take my business. 13. We never outsource overseas, and were lucky to have really friendly and smart team members backed by proprietary software. Analysts predict that the number of people doing freelance work will reach almost 87 million, or 50.9% of the overall employees in the US. This gives you the option to pick whichever support plan works best for your business. They offer a wide range of skilled, knowledgeable, and educated experts to handle your business efficiently. 3,638,800. While there was an increase in youth employment, there was also an increase in underemployment from 15.7 percent in July 2020 to 19.0 percent this July 2021. As your business grows, so does your responsibility for your employees. When we look at the overall numbers for administrative assistants and secretaries, well find that the market for assistants is not only largeit may be well larger than you imagined.. But how many of these are virtual assistants? After all, who wouldnt want a helping hand with some of the most difficult tasks in todays working world: bookkeeping, accounting, scheduling, email management, marketing management, and more? Being a virtual assistant can definitely be challenging. More specialized virtual assistants can help you with specific tasks that require expertise, such as skip . Skip to content. The simplest answer is: yes, of course you should. The increase in the number of potential clients online is good news especially if you want to incorporate a digital marketing strategy in your business. MyOutDesk, based in Sacramento, Ca, is one of the leading virtual assistant companies in the Philippines. As a result, 88% of organizations urged their employees to work remotely. Pre-COVID, 4.1% of employees in the US worked remotely half or more of their working hours, while 56% of the US employees had a job that could partially be performed from home. Its all well and good to note that virtual assistants are productive and that there are plenty of them in the marketplace. No, Virtual Assistant jobs are not male - dominated. Our online Virtual Assistant Training is designed to prepare students to start a business, obtain work, and build a career as a virtual assistant. Its also worth pointing out that the trend of working remotely is only going to expand in future years, according to the statistics., That suggests that the idea of working remotely isnt a passing fad. Business Formats for UK Virtual Assistants: Some things remain relatively unchanged - VAs tend to opt for Sole Trader business formats, (72% in 2008 vs 80% in 2021*).Home working was the norm in 2008, with 80% of VAs working from home, with 97% doing so in 2021*. Workplace stress is a rather common sight in an actual office environment. Well, the short answer is YES. No two clients are the same, and we like that. Theyre affordable, productive, and they make life easier for the leaders who choose to hire a virtual assistant. Downgrades take place at the next renewal. The main reason is that VAs help them with their limited available time. Your email address will not be published. So far, weve seen that there are major macro trends pointing in the direction of plenty of remote assistants. Learn. Lets run the numbers and check the latest virtual assistant statistics on how a virtual assistant can help you. We are happy to help. Technical VAs: $13.95 per hour. . Here are some inspiring quotes from famous people to encourage you to never quit. Contrary to those beliefs, hiring your very own virtual assistant can be a huge help in increased productivity while cutting down cost and time. We can send you an NDA and we are also happy to review an NDA you'd like to share with us. Front end, back end, and personal. 100% guarantee across the board, no questions asked. Conducting team work-in-progress (WIP) meetings, Tracking team Key Performance Indicators (KPIs), Seeking feedback on management performance, Monitoring google ads or Facebook campaigns, Interactive video scriptwriting and creation, Placing job ads on online recruitment boards, Keeping abreast with employment law changes, Preparing and organising performance reviews, Researching online training and upskilling programs. Modern society has brought changes to the way we work and look for a job. Back end includes data entry, processes, organization, proofreading and more. This is an interesting trend to watch. One of the best-selling online courses for virtual assistants, Canva 2019 Master Course is one of 2021's must-have virtual assistant training. [7] This shows that for many VAs, learning additional skills to become well rounded enough for employees to hire full time should be a priority. Intelligent Virtual Assistants Software Statistics. A virtual assistant is a freelancer who provides administrative, creative or technical help for clients remotely, usually from a home office. Our sales support representatives can provide full-time support from 9 am to 5 pm, Monday to Friday. Some things you might do as a Realtor VA: Real Estate data scraping from popular websites such as eBay and Craigslist Interestingly, most 9 to 5 employees are only. Here are a few common things that virtual assistants do: 1. Online businesses and entrepreneurs like the idea of virtual assistants, especially if they dont want to spend money on office space. Thus far, weve arranged the statistics by theme. Lets also look at just how productive a salaried employee can be. At Delegated, we don't outsource overseas or share tasks. After all, who wouldnt want a helping hand with some of the most difficult tasks in todays working world: bookkeeping, accounting, scheduling, email management, marketing management, and more? Findings Overview: Increased US Economic Restrictions Correlated With Increased BPO Hiring of Virtual Asistants through agencies increased 41% Year over Year (YoY) from 2019 to 2020, with individual VAs reporting an average 16% increase in their hourly workload. The term "chatbot" is sometimes used to refer to virtual assistants generally or specifically accessed by online chat. out of the 8 million virtual assistants on its platform, one million are from the Philippines. Subscribe to our newsletter! ROCK STAR VIRTUAL ASSISTANTS HOW IT WORKS Step 1: Learn About YOU Discovery Call Get to know our strategy first-hand. This only means that hiring a virtual assistant is better than hiring a full-time employee. New, Insights into the worlds most important health markets, Figures and insights about the advertising and media world, Everything you need to know about the industry development. Virtual assistants make $39,915 per year on average, or $19.19 per hour, in the United States. We stand by our quality and we offer a 14 day money-back guarantee. Virtual assistants may be used to post daily to these platforms, respond to comments, and answer questions. The most common degree for virtual assistants is bachelor's degree 54% of virtual assistants earn that degree. People that are working remotely are 13% more productive. Some salaries range from $7.25 to $37.10 per hour. Step #4: Build an online presence. . There is no definite number of VA types because the world of business is highly diverse. Working remotely provides flexibility to the employees and allows the usage of a virtual assistant to speed up the work allotted. In our e-book edition, the 101 WAYS TO UTILISE YOUR VIRTUAL ASSISTANT, we have defined a VA as someone who has a background in customer support, blogging, email writing, and other similar skills and can provide administrative services to clients. Virtual assistants can save up to 78% of your operating costs annually. You get to decide when you start and finish work so that you can integrate other parts of your life in the day. More than 80% of companies want to use a more flexible workforce in the future. 94% of self-employed workers felt they were making a worthwhile contribution. 10. From administration tasks to sales and marketing, MyOutDesk is a top choice for virtual assistant services. These types of tools can efficiently perform and carry out various administrative tasks online and in real-time. In 2019, there were 3.6 million secretaries and administrative assistants in the US. Work from Home as a Virtual Assistant; 8 4. They were incredible when it came time to move our HQ to a new location - providing reliable and consistent support. This amounts to $58,344 annually in 2021. Almost 60% of virtual assistants have a college education. 14.8% of Virtual Assistants are Hispanic or Latino, 8.7% of Virtual Assistants are Black or African American, 3.5% of Virtual Assistants are Asian, 1.6% of Virtual Assistants are Unknown, and 0.6% of Virtual Assistants are American Indian and Alaska Native. This is a common problem faced by every business, regardless of type, size, market, or industry. Any unused time will roll over for 30 days. Only 59% of virtual assistants currently work full time [1]. Between 2008 and 2018, this is how the number of virtual assistants changed. Here are a few key items to note: The statistics point to virtual assistance being a trend, rather than a fad. VirtuDesk Virtual Assistants arehighly trained inprospecting, marketing, andadministrative tasks. Contact Get in touch with us. There are a host of things that virtual assistants can do, including: Social media management Event management Managing calendars, appointments and emails Preparing reports Personal tasks like booking hotels and restaurants Virtual assistant trends show that organizations should determine which VAs skills contribute the most to achieving good results and improved productivity. In short, it costs a lot to get a full-time assistant working. It requires each of the four elements listed above: benefits, equipment, training, and bonuses.. . The retainer is charged weekly or monthly, and it factors in overheads as well. Virtual assistants are also far less expensive than their full-time counterparts, which is especially true when you factor in how many full-time workers waste time while at work. That, however, has brought a new perspective to businesses that saw a rise in productivity from remote workers. Virtual assistants increase because of deep neural networks, machine learning, and other advancements in AI technologies. Find your information in our database containing over 20,000 reports, Find a brief overview of all Outlooks here, Tools and Tutorials explained in our Media Centre. India is also relatively affordable, at $800/mon: Now, just because the VA rates in these remote locations are cheap doesnt mean that they wont perform well. This means that you can save on rental workspace, internet subscription, and equipment. The largest outsourcing market was attributed to the Americas with $62 billion of revenue. You may be hired to write some blog posts, product descriptions, or even help edit a sales page, all of which require skills in content writing and copywriting. But virtual assistants havent yet caught on with everybody. show that 37% of office workers in a cubicle and 32% of workers in open-plan offices were more affected by stress than remote employees.. On the other hand, only 17% of remote workers suffer from work-related stress. Management and business owners cant afford to waste their time on email communication which takes up a lot of time. Having sales support or a sales representative can make all the difference. My Cloud Crew is your best option if youre looking for an efficient and effective sales support representative. May 12, 2021 - Many business owners kick start their business by managing different tasks. Vayola Jocelyn Client Support Specialist Email. But if you were to hire a virtual assistant for only 2 and a half hours every daywhich you could reasonably expect will be fully productive hoursyoull not only save money on salary, but on the overall scope of the job youve created. After all, you will be assessing the quality of their work, not the time they clocked in. Full review. Galena Ojiem is the owner and Virtual Assistant Trainer at Virtual Assistant Clinic. They typically assist with administrative tasks such as scheduling, data entry, converting files, fielding phone calls, and coordinating meetings. The hourly rates may be high if the client is of the local market. We know how important trust is, so we only hire VAs who are trustworthy. This may be part of what makes it so cost-effective to hire a virtual assistant. More and more people do their transactions online due to government-mandated restrictions to go outside and the fear of getting Covid-19 outside of their homes. Job Title Female, 87.6% Male, 12.4% Virtual Assistants By Gender Gender Pay Gap For Virtual Assistant Women Earn 97 For Every $1 Earned By Men Male Income $39,981 Female Income $38,808 Virtual Assistant Gender Over Time According to virtual assistant growth statistics, the number of freelance workers in 2019 was 62.2 million. If you want to know more about what virtual assistants are, where the industry is headed, and whether they might be a match for your companys specific needs, lets dig deeper into the statistics. Outsourcing your digital marketing tasks to a VA will eventually pay off in both short and long-term marketing campaigns. Just based on the number of employees within each industry, we were able to determine the most common industries that employ virtual assistants. The simplest answer is: yes, of course you should. Step #6: Keep making your clients happy. According to one survey, the most in-demand virtual assistant skills were social media management, email marketing, and project management. All rights reserved. By outsourcing Virtual Assistant for market research, our remote employees will work side-by-side with statisticians, marketers, and surveyors to normalize the earlier findings with the freshest data. Once you sign up, you'll have access to your Dashboard. 37% of employees who work in cubicle-style offices suffer from workplace stress. Based on Global Englishs survey of 180,000 global employees [2], the Philippines came out to be the worlds best when it came to Business English. San Francisco boasts the highest paying virtual BPO services in the United States, ranging from $60,875 to $92,483 annually in 2021. Your email address will not be published. Here are some ways a dependable VA can manage some areas of your personal life: By outsourcing your daily back-office tasks, youll save money, avoid stress, and spend your time and energy on things you enjoy the most in this new decade and beyond. Although these predictions may have changed due to the COVID-19 crisis, that has only boosted the increasing trend of virtual assistants, with57 million Americans being part of the gig economy. Another recent report suggested that the VA industry will grow at a CAGR of 4.4% between 2018 and 2022. Direct time-saving this is an hour-for-hour trade-off. Because virtual assistants are independent contractors rather than employees, clients are not responsible for any employee-related taxes, insurance or . As youll see below, the costs associated with hiring a full-time assistant are much higher than you would imagine. Leverage your Time, Money and Resources through our Virtual Assistant Service! It refers to not only working hours but also to their workplace. That means that you wont have to purchase any additional office equipment (such as a computer and a desk) to get a virtual assistant up and running. By looking through more than 2,892 resumes, we found that the most popular places for virtual assistants are New York, NY and Atlanta, GA. Employment projections data for secretaries and administrative assistants, 2021-31; Occupational Title SOC Code Employment, 2021 Projected Employment, 2031 . Freelancers in the US are expected to reach over 86.5 million by 2027. Therefore they decide to hire help, as confirmed by virtual assistant usage statistics. We are happy to help. A well-trained sales support can handle email concerns, respond to live chat queries and answer phone calls on your behalf. More and more large companies hire freelancers and part-time workers, making virtual assistants more popular nowadays. Its undeniable that having a virtual assistant adds value in scaling up your business. Meanwhile, your Virtual Assistant will relieve you of the tasks that keep you from performing your core competencies. The growth rate will be at a CAGR of 22.3% from 2022 to 2028. Part of this increase is due to remote work opportunities in foreign companies, a deal that benefits both employers and employees. According to BestOfBudgets.com, there are some important reasons we see a statistic this drastic. This text provides general information. Therefore, finding a trustworthy VA with the necessary skills and knowledge of CRM tools is critical if you want your CRM tasks to perform accordingly. They are in high demand because they are more cost-effective compared to full-time employees. This is likely due in part to the shift in people working from home and businesses transitioning . The 2021 share is predicted to look as follows: Google Assistant: 23.3 percent. Clients favor Indian virtual assistants when it comes to IT and back office work. Search for: Home; About. According to Market Watch. Looking for the best way to find your first virtual assistant? When you hire a full-time worker, you have to really consider what youre paying for. The main reason is: most employees who worked from home had called in sick fewer times and reported to work on schedule than those working in the office. Having a VA to assist in HR tasks ensures that you comply with all legal requirements like compensation and benefits. As the number of freelancers constantly grows, so does the popularity of virtual assistant jobs. Windows10 [64Bit Only] Microsoft Office 2010 or later. More and more people do their transactions online due to government-mandated restrictions to go outside and the fear of getting Covid-19 outside of their homes. Virtual assistants are required to perform varieties of tasks depending on the type of industry they are in. The #FullyBookedVA System; 6 2. Absolutely. When theyre on the clock for your company, theyre on the clock for your company and doing little else. Get in touch with us. Call Now (07) 4164 6126. Thats why its worth taking a deep dive into virtual assistant statistics in 2020 and the previous years to find out where the trends are pointing, how much virtual assistants cost, and whether a virtual assistant might also be right for you.. As your VA starts to handle more administrative tasks, youre now able to spend most of your time and effort in managing your business operations, improving your business model, and creating business strategies. The amount you can make as a virtual assistant can depend on where you live. If that is the case with you, this list of virtual assistant statistics will give you the essentials you need to decide whether to take that chance or not. liability for the information given being complete or correct. The digital age has made everyone and everything more connected than ever. This does not account for other incidental expenses, such as real . 3. In this post Ill share 10 important statistics on virtual assistants every freelancer, entrepreneur, and businesses should know. Aside from the internet being used a lot to do daily transactions, there are even more people who use Social Media, from July 2020-2021, Social media users grew around 520M. Its worth noting that this is a general category and doesnt refer only to virtual assistants, but it does give an idea of just how steep the demand for assistants runs in the U.S. A labor market of that size means that assistants can be found in almost every type of niche and industrywherever theres a place that leadership could use a helping hand. social media management, email marketing, and project management. And since time is your most valuable asset, it will be wise to invest in hiring a Virtual Assistant (VA). The high popularity of virtual assistants is partly due to the fact that they save businesses money. By 2021, Gartner, Inc. predicts that 25 percent of digital workers will use a virtual employee assistant (VEA) on a daily basis. More importantly, hiring someone who can work with less or more hours doesnt always matter. Some businesses only requirevirtual receptionists, while others have more complex needs. Headquartered in Florida and founded in 2013, Remote CoWorker is one of the premier virtual assistant outsourcing companies. The Future of Chatbots: Top statistics to look for in 2021 and beyond. In fact, according to virtual assistant statistics from 2021, 59 percent of VAs work full-time. Statista assumes no The majority of virtual assistants are already married, at a rate of 69.3%. Companies save up to 78% of costs by hiring virtual assistants. Last year, the virtual assistant industry generated $2054.5 USD. As youll see later, this is in keeping with emerging trends in freelancing. Internet Service of 5Mbps and up (DSL, Fiber, or Cable only) Backup internet service of 5Mbps or more. They excel in different and multidisciplinary roles, and can do more than just data entry, scheduling meetings, and taking calls. "Set impossible challenges then catch up with them." -Richard Branson "Positive thinking changes the way we live." - Harvey Mackay "Hard work dissipates ignorance." - Neil deGrasse Tyson Delegated.com staff are here to offer you insights on productivity, time management skills, outsourcing efforts, and more, to enhance and inform your journey to getting more done and balancing your workload. Too many businesses underestimate the practicality of outsourcing, as evidenced by the fact that it is merely the sixth biggest reason why people outsource. Every freelancer should build their website which is now easier than ever with the rise ofwebsite building software. A virtual assistant is a remote employee who offers administrative support for you and your business, usually part-time. But lets look at some of the more specific tasks of the virtual assistant and see if they also come out favorably there. 1 Virtual Assistant - Key Stats. A virtual assistant is a person who provides various services to entrepreneurs or businesses from a remote location. Analysts predict that the number of people doing freelance work will reach almost 87 million, or 50.9% of the overall employees in the US. Owing to the rapid digitization of business, the . This also paves the way for more drastic savings statistics from virtual assistants. 87.7% of virtual assistants are paid hourly. By contrast, should you decide to take on a virtual assistant, you will evade these costs and end up saving 78% of the companys costs per year, which is far from insignificant. If we compare them to people who have 9-to-5 jobs by choice, well see that the latter are less satisfied. We're open to adopting and learning new requirements that you may have, just let us know how we can help. Some administrative assistants work out of their own homes as virtual assistants. Comparatively, there are 14.8% of the Hispanic or Latino ethnicity and 8.7% of the Black or African American ethnicity. A virtual real estate assistant can help with those tedious tasks. Location impacts how much a virtual assistant can expect to make. This just shows that, for a majority of virtual assistants, their happiness depends on more than just their income.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'bestofbudgets_com-box-4','ezslot_2',111,'0','0'])};__ez_fad_position('div-gpt-ad-bestofbudgets_com-box-4-0'); document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); As an Amazon Associate we earn from qualifying purchases on this site. At Delegated we utilize state of the art 128 bit SSL encryption with proprietary technologies that are utilized by Fortune100 companies. Every Beats by Dre employee received 1 hour of service to support their work life balance. They dont have to use your offices for the basics of living: snacking, using the bathroom, taking breaks. Save countless hours while your company grows and you free up more of your time to do what you do best. 4 Seven Best virtual assistant training courses in 2021; 5 1. And its a growing trend that is participating in the overarching global commitment to freelance and remote work. Due to this constant shift in how information is being accessed and transferred, digital marketing through social media is the best way to stay relevant and remain competitive in all of your marketing campaigns. Numbers on that are more difficult to find. I like your follow-ups and consistency is very refreshing and it makes me feel very confident in hiring Virtudesk. Save my name, email, and website in this browser for the next time I comment. You may even provide templates for your VA to use when posting on your social media accounts. Where Do Virtual Assistants Earn The Most? It takes about $4,000 and four months to hire an employee in the U.S. You also provide salary, benefits, office space, computers, etc. There are five types of occupational virtual assistants in 2021, according to this report: Sales, Customer Service, Marketing, Administrative, and Artificial Intelligence. With these tools, its easier to build stronger client relationships, which makes conducting business with your customers smoother. Youll also find that recruitment and training are far easier with virtual assistants. Interestingly, most 9 to 5 employees are only productive for 2 hours and 53 minutes per day. Virtual assistants are usually hired to perform administrative tasks such as email communications or answering services for a lower cost. and work with the best people in the industry! Businesses hire VAs to save money on office space, hidden costs, salaries, and benefits. Report Creation and Archiving Findings The global virtual reality software and hardware market size was valued at $2.6 billion in 2020, which will jump to $3.7 billion in 2021, $4.6 billion in 2022, and 5.1 billion by 2023 (SuperData, 2020). Permanent remote workers are expected to rise to 34.4% in 2021. Virtual assistant industry statistics show that those making $115,000 per year are considered top earners. In an attempt to increase efficiency and lower expenses, many companies have resorted to hiring virtual assistants who have proved to be the epitome of saving space, time, and money. The virtual assistant also creates the packages to sell their skills to the clients. Our virtual assistants focus primarily on three categories of support. The objective of AI virtual assistants for 2021 is to replace secretaries and personal assistants. The virtual assistant market size is projected to reach $8613.5 USD by 2028. Ever since the regular integration of technology in our work, employees have been given the opportunity to do part of their jobs remotely. We found most virtual assistants work for a private company. The most common ethnicity among virtual assistants is White, which makes up 70.8% of all virtual assistants. Ctrip saved an estimated $1,900 per employee for a period of nine months. An intelligent virtual assistant ( IVA) or intelligent personal assistant ( IPA) is a software agent that can perform tasks or services for an individual based on commands or questions. VAs with a bookkeeping specialty can perform client invoicing, basic bank reconciliation, filing invoices from your inbox, performing credit checks, basic payroll management, and more. Our staff is college educated, exclusively US based and endure a 9-point check resulting in a 2% hire rate. Other than the regular costs for hiring a full-time employee, businesses lose money when paying them for an eight-hour day and get only 2 hours and 53 minutes of effective work. Thats why most companies spend over, 62.3% of their marketing budget on digital ads, has become a sought-after skill clients look for when hiring virtual assistants. Youre now required to create invoices to get your employees paid faster, you reconcile your expenses, you plan out your next team outing, and the most time-consuming task of all, you are now required to manage emails. If youre a business owner, and youre wondering if hiring a virtual assistant fits your business model of hiring only full-time employees, then hiring a virtual assistant wont be a problem. Occupational Employment and Wage Statistics (OEWS) . Number of voice assistant users in the United States 2017-2022. It all boils down to your needs. In addition, Canva is one of the tools considered as the starter pack for any virtual assistant tasked with design projects. 31% said that virtual digital assistants are part of their If you dont want your business to get left behind in this Digital Age? Are you interested in hiring a virtual assistant after looking at these virtual assistant statistics? 12 Exciting Tasks Influencers Can Assign To a Virtual Assistant, 7 Tips on How To Build a Social Media Profile That Attracts Potential Clients, Top 5 Skills Your Tech Virtual Assistant Will Need in 2023. Also, it is an excellent opportunity to get noticed by future employers. The same study reveals software company JD Edwards noted that their virtual employees were 2025% more productive than their on. Most virtual assistants are paid when the goals are met, unlike full-time employees who are paid on salary regardless of the work accomplished or time spent working. Administrative Assistant/Secretary/Receptionist, Administrative Assistant & Marketing Assistant Demographics, Administrative Assistant/Personal Assistant Demographics, Administrative Assistant/Technical Demographics, Administrative Office Assistant Demographics, Front Desk Administrative Assistant Demographics, Administrative Assistant & Marketing Assistant, Administrative Assistant/Personal Assistant, Administrative Assistant & Marketing Assistant Employment, Administrative Assistant/Personal Assistant Employment, Administrative Assistant/Technical Employment, Administrative Office Assistant Employment, Front Desk Administrative Assistant Employment, Virtual Assistant jobs in Miller Place, NY, Virtual Assistant jobs in Wesley Chapel, FL. If you hire an on-site, full-time assistant, you need to consider hidden costs, such as desk, computer, etc. People who have chosen to do independent work and rely on it as their primary source of income show increased contentment in their work. Virtual assistant statistics reveal that this has boosted the demand for coworking space. Can I actually save more money on hiring a virtual assistant? Front end includes scheduling, calendaring, receptionist and coordination support. Start delegating tasks and grow as you need. Rather than just being an interesting niche, many businesses are finding that virtual assistants are a vital way to get work done and expand their productive capacity without spending big-company dollars. Unlike other virtual assistant companies, Delegated only uses full time W-2 Employees to provide you with support. Freelancers in the US are expected to reach over 86.5 million by 2027. They benefit from a variety of perks associated with remote work, including a more flexible schedule, improved work-life balance, and increased productivity. Virtual assistants have completely transformed the way modern companies and entrepreneurs conduct their businesses. Virtual assistant statistics reveal that among the major advantages of working as a virtual assistant is flexibility. Growth within the virtual assistant sector continues at a rapid pace, which leads us to our first statistics: 1. Employees with the virtual assistant job title have their preferences when it comes to working for a company. 2. For the last three years, the industry was previously worth. Although most remote workers work from home, some have opted to share their working space with other virtual employees. According to statistics, a virtual assistant can save you up to 78% on operating costs each year (10 Virtual Assistant Statistics Every Freelancer Must Know in 2021 - Best of Budgets). The average Virtual Assistant is 50 years old. Whats important to watch is whether virtual assistants cost less than full-time assistants, even if you break it down. The second-most popular foreign language spoken is French at 8.6% and German is the third-most popular at 6.9%. (Best of Budgets, Zippia) 11. The employees explained that they usually wont encounter problems on the commute. A lot of foreign companies find Filipino virtual assistants to be easy to work with. So, the initial 16.4% of remote workers before the coronavirus are predicted to reach 34.4% in 2021, according to virtual assistant growth statistics. We manage the small tasks soyou can focus onwhats most important. Real-time weather details, traffic statistics, and also information on news and sports . Virtual assistant trends show that while Filipinos are easy to work with and excel at Business English, India is popular for IT and back-office work. Gartner predicts that both the consumer and businesses will be spending $3.5 billion by the end of this year, 2021, on what it refers to as Virtual Personal Assistants (VPAs). 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. While these are considered businesses, many virtual assistants offer services around content writing and even copywriting. With a virtual assistant, youll have far more assurance that youre paying for productive work. Microsoft's Cortana: 2.3 . When you break down the expenses, you dont have to spend resources on renting an office space, internet subscription services, and other sundry expenses involved in maintaining an employee workforce. This is among the most common questions business owners ask when they hire a virtual assistant over a full-time assistant. Simply put, more and more people are not only able to work from home, but more and more people deliberately choose to work from home as a remote worker or contractor. Step #5: Land your first clients. According to market research agencies, the virtual assistant industry is set to grow rapidly in the next few years and the projected valuation of the industry in five years' time is approximately $5 billion dollars. But, we can still make a list of the main types: virtual administrative assistant, social media marketing virtual assistant, virtual assistant writer, virtual bookkeeper, and real estate virtual assistant. Lets get started.if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'bestofbudgets_com-medrectangle-3','ezslot_0',109,'0','0'])};__ez_fad_position('div-gpt-ad-bestofbudgets_com-medrectangle-3-0'); No matter if youre a small business entrepreneur or the owner of a large corporation, you want to stay cost-efficient. Now we see a striking statistic that highlights just how powerful this effect can be. In fact, before Elance became Upwork, the company reported that close to 13% of the 8 million virtual assistants on their platform are from the Philippines. But its also worth noting that this is an emerging trend: outsourcing or working remotely is making up a new economy of people who are able to get work done at home. This effect often extends beyond what virtual assistants do; remote workers in general often point to higher productivity rates when working in their pajamas. A virtual assistant can help you successfully run a company by performing various tasks. For example, the highest salary of virtual assistants is $65,021. AVG SALARY*. the popularity of virtual digital assistants is growing at rapid pace and the estimated number of people using digital assistants worldwide is projected to reach 1.8 billion by 2021. However, some virtual assistants charge a retainer if the employer wants them to be available when required, which basically means hiring an on-demand virtual assistant. The publisher has been monitoring the virtual assistant market and it is poised to grow by $4.12 billion during 2021-2025, progressing at a CAGR of almost 12% during the forecast period. The lowest limit of virtual assistants salaries is 15,000/year. Common virtual assistant salary in the U.S.: $15.79 per hour. That depends on where VAs are based as well as the services they offer. However, scrolling through online job platforms, its not difficult to find virtual assistants in abundance: In many cases, job boards are filled with categories like virtual assistants. Namely, a large number of startups and small businesses outsource to a virtual assistant. Many employees were forced to work from home when the pandemic hit. Setting your own work time is one of the most appealing aspects of this type of job, according to virtual assistant statistics. For starters, a virtual assistant is responsible for their own expenses. All you need to know about Cloud Staffing, Google Ads, Facebook Ads, LinkedIn Ads, Youtube Ads, and Instagram Ads, Illustrators, branding specialists & more, The increasing demand for Virtual Assistants in 2022. With the steady rise in the demand comes the growth of the global virtual assistant industry. For many basic jobs and skills, such as data entry, you're likely to start in the $8-$12 per hour range. Its arrived. Aside from that, the increase in performance level is greatly attributed to the employees tranquil and comfortable home environment. Having a VA is a great help. This just shows that, for a majority of virtual assistants, their happiness depends on more than just their income. Gender-wise, the virtual assistant market is dominated by women, who make for 83% of the US virtual assistant population. With a virtual assistant, companies can essentially bypass each of these requirements. In short, VAs are the unsung heros of successful businesses the world over. 35% of traditional full-time workers felt they needed more support and encouragement from their home organization. Virtual assistant rates of income can vary depending on the country as well as their skill set and specialties. Intel Core i3 or higher (or AMD equivalent) is required. In 2019, flexible office space accounted for 2% of the overall office space in the US, and it is predicted to hit 13% by 2030. There are over 2,242 Virtual Assistants in the United States. If you are experiencing a heightened level of tasks in a given period, you can hire extra help on a short-term basis, without having to break the bank or bring on an additional full-time person or virtual assistant. However, the average pay of virtual assistants in the United States is $67,115. According to statistics by Indeed, the average virtual personal assistant in the US gets paid $19.37/hour. Hiring a virtual assistant can reduce businesses' costs by 78%: As the cost of doing business continues to rise, companies are looking to cut costs. Thankfully, virtual assistants (VAs) have entered the picture. Heres what we found: First things first: just how big is the industry, and is it on the rise? We decided to team up to blog about our favorite topics, which are saving money and making an income online! This is inline with another local survey done in UK, which shows that 79% of UK VAs currently work part time at their positions. Market Overview. However, there is also a rising number of virtual assistants across the U.S., UK, Mexico, Indonesia, Romania, Pakistan, and Thailand. With a virtual assistant, all you are paying is the hourly rate. What do the statistics tell us overall? Every 30 days, that time in hours, is replenished. The virtual assistant market in that city is quite saturated, boasting several companies which prioritize remote workers. 30 to 40 hours a week is the average most employees stick to, but you can cut that down to 20 hours per week if thats what you want. 2. And this list continues to grow in 2022 as the professional world evolves to new standards and preferences. dedicate and render 40 hours of work per week. Please do not hesitate to contact me. Other HR functions that a VA can perform include: With VAs versatility and flexibility at work, they make a perfect candidate to perform your personal tasks. You are the brain and the leader of your company. Here are some of the popular types of virtual assistant jobs to try: 1) Real Estate Assistant Buying and selling property involves a lot of paperwork. Knowing these facts and figures helps you in making the best choice for your growing company. The Increasing Demand for Virtual Assistants in 2021. They usually work as an independent contractor, although some . Cost Cuts, Hiring Freezes, and Layoffs: Is Your Company at Risk? Virtual assistants costs 78 percent less than full-time, on-site employees. Though the rates might seem low, they are still actually higher than the minimum wage in these countries. Your main task is to focus on managing your business operations, improving your business model, and creating business strategies that scale your business. With all of these technological innovations, from smartphones, computers, and other devices, clients and customers now have the world at their fingertips. Search Site. All you have to do to avoid any error-ridden profit and loss statements is to provide your VA with the proper tax process and training. Number of digital voice assistants in use worldwide 2019-2024. Rising high-speed internet penetration. Its something thats become more and more possible as technology like web conferencing and remote project management has made it easier to maintain a team remotely.. Other Noteworthy Virtual Assistant Stats 59.2% of VAs have a College Education [1] 69.3% of VAs are married The global outsourcing market is worth $92.5 billion in 2019, and projected to surpass $300 billionin 2020 [4] The darker areas across the 50 states highlight the highest salaries. This section highlights information about where virtual assistants work. VAs often offer better value for money, being more productive than permanent on-site assistants. To be honest, this is a fantastic way of making a side income. If you want more virtual assistant work in 2021, you need these skills. The major global companies of Virtual Assistant include Oracle, Nuance Communications, Microsoft, Inbenta Technologies, Samsung Electronics, Apple, IBM, Intel, Google, Amazonetc. Hiring a salaried worker, Inc.com notes, includes paying for someones time as they read news websites, check social media, and discuss non-work related issues with co-workers. If we look at freelance platforms, we might come to an approximate number because many VAs use them to find jobs. More than 80% of companies want to use a more flexible workforce in the future. Nevertheless, the reality is quite the opposite. Overview. Samsung's Bixby: 14.5 percent. The number of people working remotely since the coronavirus started has skyrocketed. An outstanding graphic design tool with a . 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