Title: The Financial Benefits of Outsourcing to Virtual Assistants
As a leader in the Independent Insurance Agent industry, you might be no stranger to the challenges of juggling myriad tasks. Customer service, policy quotes, claims assistance, the list gets endless. But what if you could entrust some of those chores to an experienced, qualified helper, leaving you more room to grow your business? With the rise of remote work and technological advances, this is not only possible but highly feasible with the use of Virtual Assistants (VAs). Moreover, outsourcing to VAs is not only an operational efficiency but also a financial boon for your business(*1).
VAs offer versatile skills from simple administrative tasks to telemarketing, bookkeeping, IT support, and more(*2). A research article published by Harvard Business Review details the cost benefits of employing VAs, citing that businesses could save up to 30% in overhead costs(*3). In this blog, we delve further into these financial benefits.
**Reduced Operational Costs**
Hiring a professional VA through ‘Agency VA’, our comprehensive virtual assistant staffing company, can significantly reduce your business’s operational costs. From eliminating the need for office space to saving on employee benefits, the savings you obtain can instead be invested right back into your company to stimulate further growth and productivity(*4).
**Pay for Productive Hours Only**
When outsourcing tasks to a VA, you are only paying for the hours that the VA is actively working on your projects. This eliminates the monetary wastage linked to downtime and breaks inherent in a traditional 9-5 office setting.
**Diverse Skill-set Without Additional Costs**
Virtual Assistants from diverse professional backgrounds can bring a wide range of skills to your business. By leveraging their experience, your business can reap the benefits of multiple experts under the cost of a single employee, hence boosting your bottom line.
**Cost-effective Scaling**
As your agency’s work volume fluctuates, using VAs offers the flexibility to scale up or down without the expensive and time-consuming process of hiring or laying off employees.
**Superior Management Using AVA**
Once you’ve incorporated Virtual Assistants into your workforce, now comes the task of managing them. That’s where our AVA – the remote worker management software, comes into the picture. Featuring powerful performance tracking and communication tools, the AVA platform enables seamless integration of your virtual and local teams. Plus, the time and efficiency you gain will further contribute towards the financial advantage your business can enjoy.
At this point, you might be thinking that this all seems great, but how exactly to get started? That’s where we step in! Employees of record services can provide an effective solution for integrating VAs into your business structure without any legal or regulatory headaches.
Switching from traditional employment methods to utilizing VAs offers several financial benefits. From reducing the costs associated with hiring full-time, on-site staff members to gaining access to a wider talent pool, the opportunities for cost-saving and revenue generation are abundant.
An investment into VAs isn’t just an investment in cost-cutting but also an investment in the future your business. To learn more about the financial benefits and how to facilitate smooth incorporation of VAs into your insurance business, we invite you to schedule a meeting with our team at your earliest convenience(*5).
(*1). https://www.smallbizgenius.net/by-the-numbers/outsourcing-statistics/
(*2). https://hbr.org/2021/03/does-it-pay-to-be-a-workingmother
(*3). https://www.bls.gov/ooh/office-and-administrative-support/home.htm
(*4). https://www.agencyva.com/virtual-assistant-services-for-insurance-agents
(*5). https://www.agencyva.com/schedule-a-meeting