We may be approaching the last quarter of the year (and the Christmas break) – but that doesn’t mean you can afford to stop thinking about your business!
There are many reasons a business will fail. Uncontrolled expenses and poor cash flow are one of the most common.
What you might not know is that up to half of all Australian small businesses suffer from cash flow problems!
Power, materials, equipment… when costs balloon out of control, they can sink your business. It can also prevent you from hiring the right people for your business.
New staff are a big investment. Not only do you have to worry about hiring costs, but you’ll also have to commit to their salaries for as long as they stay with you. Not all businesses can afford this.
It’s only natural to want to minimise your costs as much as possible. Luckily for you, hiring a virtual assistant can eliminate much of the expense that comes with bringing on new staff.
No office space or office equipment needed
When we think of the costs that come with taking on new staff, for most of us, we start thinking about wages and penalty rates.
Something that many overlooks is the equipment that new staff members will need to do their job!
In addition to essential office equipment like computers, chairs, and tables, you’ll also need to pay for little things like stationery, paper, and even extra coffee in the break room.
These are small expenses often get completely overlooked by business owners when they bring new blood into their organisations.
Thankfully, with virtual staff, you won’t have to worry about paying for anything other than their salaries.
At VirtualStaff365, we offer two main types of virtual staffing arrangements: home-based and office-based. Your virtual staff either work from home using their own computers or from an office where we’ve already set everything up for you.
Essentially, that means you won’t have to worry about:
- Utilities like power
- Computers or printers
- Furniture or desks
- Office supplies
And on a related note…
No maintenance or upkeep expenses
Another thing you won’t need to worry about with virtual staff is maintenance costs.
Like we mentioned above, all of our staff are based either in their own homes or in an office that we’ve set up. That means maintenance and upkeep tasks will be performed either by someone that’s on our payroll in the case of office-based staffing, or by the employee themselves for home-based staff.
Either way, you won’t need to worry about paying for services such as cleaning, plumbing or electrical work.
It might not sound like a big deal – over time however, these expenses can add up. Not to mention, emergency maintenance like plumbing and electrical work can be pricey!
You can save up to 80% on the cost of wages
We all know that Australia is an expensive place to live in – anybody who regularly buys and sells overseas understands how difficult the strong Aussie dollar makes things.
While it may be annoying for ecommerce businesses, this is a huge advantage for others!
In contrast to much of the world, our high cost of living makes sourcing virtual staff from overseas significantly cheaper than hiring locally.
At VirtualStaff365, we source all of our virtual staff from the Philippines, which allows us to to reduce the cost of wages even further – by as much as 80% lower depending on the role.
Not only is this a huge savings, but it also allows you to source specialists without the high wages they normally command. In addition to routine work, we’ve also connected businesses with:
- Architectural draftspeople
- IT professionals
- Graphic designers
- Legal assistants
Just imagine one of these specialists working at your businesses on an affordable Philippines wage!
How virtual assistant services bring down recruitment and outsourcing costs
Another oft-overlooked expense that comes with hiring new staff is the recruitment process itself. Platforms such as SEEK.com and the classifieds section of the local paper don’t operate for free – you’ll need to pay to list an ad there.
Not to mention, business owners that use a professional recruitment agency will also need to pay a significant upfront fee, as well as a finder’s fee.
According to some in the HR industry, in some cases the cost of recruiting can soar up to half of said employee’s annual salary.
Luckily, virtual assistant services like VirtualStaff365 understand that you’re not loaded with cash – after all, that’s why you’re looking at hiring virtual staff rather than local ones!
In addition to taking away the stress of finding a virtual assistant off your hands, we also make sure that we’re upfront with our fees. We won’t charge a finder’s fee or tack on additional expenses – you’ll pay the price set out in your quote, and not one dollar more.
Looking to hire virtual staff? Call VirtualStaff365 to start saving money at your business
Looking for ways to make your business more cost-effective? You can start by hiring virtual staff!
When it comes to reducing the costs of doing business, hiring virtual staff is your secret weapon.
Of course, just like hiring staff in Melbourne, you need to make sure that when you hire virtual staff, you do it properly.
And that’s where a virtual assistant service like VirtualStaff365 comes into the picture!
Our team has helped businesses reduce the cost of staffing for over 6 years. Unlike other virtual assistant services, our approach is all about finding the right staff for you.
We won’t flood you with applicants. Our team doesn’t pull from a pool of resumes we keep on standby. We carefully consider your unique requirements and aren’t afraid to cut applicants from the running if they’re not up to scratch.
That might sound like it’s fairly basic stuff, but you’d be surprised how many virtual staffing agencies don’t even do that!