Why corporates are hiring virtual executive assistants?

Posted by Archie on 06/12/17 09:57

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It is a common misconception that virtual assistants are the preserve of entrepreneurs and small-business executives. However, some of the world’s largest firms have turned to the remote assistant model. Why? Well, because it makes sense.

It makes sense to companies

Proactive executives

In 2012, Global management consultant McKinsey carried out a study, which found that the average employee spends 28% of their day on low-value reactive work, such as reading and responding to email. McKinsey now employ a host of remote assistants to provide administrative support to executives below partner-level.

Lower recruitment and training costs

According to Upwork, hiring and onboarding talent in the traditional manner takes an average of 43 days, whereas it takes just three days in the virtual world. Large companies are reducing both their hard costs (salary and no recruitment fee) and soft costs (training and management time) by hiring remotely.

Flexibility and cover

With a virtual PA, you only pay for the hours you use. They are responsive to fluctuations (both increasing and decreasing workloads) and can work for more than one executive in a company at one time. In addition, using a service like FYXER, minimises disruption with regard to cover. We have a team of Fyxers who can seamlessly step-in during periods of holiday, sick or parental leave, so companies are never caught short.

No physical space needed

For many companies, office space is an issue. Based either outside of cities or in places where rents are high, space can be at a premium. With remote assistants, not only is there no need to pay for desk space, but physical set-up costs, such as a computer and headphones, are also removed.

Skills

With the in-house assistant model, an executive is tied to the abilities of one person, but with the remote assistant model, companies can diversify. FYXER, for example, was the first UK-based company to employ a bank of professional assistants working out the same HQ, meaning that a company has access to a whole team of skills without having to look elsewhere.

It makes sense to individual executives

A trusted partner

In smaller businesses, an executive may hire a virtual PA as an alternative to a full-time employee; large companies are no different. When team leads find they are at full capacity, they may consider making a junior or senior hire. However, the same benefits (delegating tasks; more time to focus; less stress) can be achieved by having a trusted partner, such as a Fyxer, for a fraction of the budget.

Getting ahead

In large companies, there are layers of management and responsibility. In order to progress, those at the top of the executive pyramid are looking at those in the middle: who is the most efficient? Who brings the most to the company? Who is showing initiative?

Middle-level executives are therefore turning to remote assistants as a way of getting one step ahead. By outsourcing non-critical tasks, they are able to free up their time and make a bigger impact, boding well for their future promotion prospects.

Efficiency

Ultimately, it all boils down the remote assistance buzzword: efficiency. Every company, from a lemonade stand to a multi-national, strives to be more efficient, so it should come as no surprise that companies great and small have hopped onto the remote assistant bandwagon.

Topics: Virtual Assistants, Executive Assistants, PA, Personal Assistant, Remote Working, remote assistant, FYXER