Oct 18, 21  |  ibrahim imran

Virtual Assistant Facts You Surely Did Not Know

Many organizations have turned towards hiring virtual assistants in order to enhance efficiency and cut costs, and they have proven to be the pinnacle of saving space, time, and money. Some organizations are still behind the curve when it comes to hiring virtual assistants. If your business falls into this category of organizations that have not taken a step towards VR, this collection of virtual assistant facts will certainly change that. 

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Virtual Assistant Facts 2021 

So, are you ready to find out whether investing in virtual assistants is the right choice for your business? Great, here are some of the significant VR facts you should know.

Virtual Assistants Save A Company up to 78 Percent On Expenditures

If you hire a full-time assistant on-site, you must factor in additional expenses such as a desk, computer, and so on. If you hire a virtual assistant, on the other hand, you will avoid these expenditures and save 78 percent of your company's costs every year, which is not trivial.

Source: Outsource Access

Average Employee is Productive for 3 Hours

Virtual assistants' appeal stems in part from the fact that they help businesses save money. Aside from the usual costs of hiring a full-time employee, companies lose money when they pay them for an eight-hour day but only get 2 hours and 53 minutes of productive labor. Meanwhile, statistics on virtual assistants demonstrate that you can ensure that you're only paying for productive work from your remote team.

Source: Voucher Cloud

Over 50% Employees Work 2.5 days Each Week Outside of the Workplace

For a long time, work-life balance has been a priority. Employees have been given the option to conduct part of their duties remotely since the regular incorporation of technology into our work. More than half of employees take advantage of this option and work from home for at least 2.5 days.

Source: Regus

There are Over 20 Categories of Virtual Assistants

Virtual assistants come in a variety of shapes and sizes, depending on the business. Because the corporate sector is so broad, there is no definitive number of VA kinds. However, we can still construct a list of the most common types: virtual administrative assistant, virtual social media marketing assistant, virtual assistant writer, virtual bookkeeper, and virtual real estate assistant.

Source: The PennyMatters

The Number of Freelancers Is Increasing

Virtual assistants are generally freelancers that work from home. By 2020, nearly 40% of all employees in the United States are anticipated to be freelancers, according to estimates. Although these projections may have been modified as a result of the COVID-19 problem, the growing trend of virtual assistants has only fueled the gig economy, which now employs 57 million Americans.

Source: Intuit

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Virtual Assistant Facts Industry-Related  

So we’ve covered some general VA facts, now it’s time to dive into the virtual assistant industry statistics. 

The virtual assistant sector is valued more than $100 billion dollars.

Many company owners have turned to virtual assistant services to help them with everyday duties such as social media management, email marketing, and project management during the last few years.

The worldwide virtual assistant business is growing in tandem with the continuous rise in demand. The industry was previously valued at USD 85.6 billion over the preceding three years. It is now believed to be worth $100 billion.

The Top 2 to Find Virtual Assistants Are In Asia.

One million of Upwork's 8 million virtual assistants are from the Philippines, according to the company. It's hardly surprising, given that Filipinos are among the greatest writers of business English. With a literacy rate of 96.2 percent, it is also the most educated country in Southeast Asia.

Because India is the world's second biggest English-speaking country, it is the second most popular destination for outsourcing virtual assistants. Virtual assistants are becoming more popular in the United States, the United Kingdom, Mexico, Indonesia, Romania, Pakistan, and Thailand.

One of the most In-Demand Virtual Assistant Talents is Social Media Management.

It's critical to expand your social media presence. That's why digital advertising accounts for more than 62.3 percent of most firms' marketing budgets. When it comes to employing virtual assistants, social media management has become a sought-after talent. Aside from that, clients employ virtual assistants with extensive experience in email marketing and project management.

Virtual Assistants Salary Facts

So far we’ve covered the general and industry facts of virtual assistants. However, now we’re going to be breaking down the salaries of virtual assistants. 

The average yearly compensation for a Work From Home Virtual Assistant in the United States is $67,115 as of October 11, 2021. We found ten places where the usual Work From Home Virtual Assistant income is higher than the national average. San Francisco, CA is at the top of the list, with Fremont, CA and San Jose, CA coming in second and third, respectively. San Jose, CA, outperforms the national average by $12,381 (18.4%), while San Francisco, CA, outperforms the national average by another $18,079 (26.9%).

Conclusion 

As you can see, we’ve covered all the information that you should be aware of related to virtual assistants and the industry as a whole. Now, if you’re interested in investing in virtual assistants, get connected with the best Virtual Assistant BPO Services providers at Distinguished.io today! 





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