With 2017 just around the corner, what does the future hold for virtual assistance?
Virtual assistance provides a wide scope of services for businesses that is conducted online from remote locations. Over the last decade, the virtual assistance has grown to the point that you can find a Virtual Assistant to render any service you need.
Virtual assistants are no longer just secretaries or personal assistants. This is why the term “virtual assistant” has also undergone an evolution for appropriateness. Virtual assistants can be referred to as telecommuters, freelancers or home-based workers. These terms share the same definition: people who are contracted to render services from remote locations.
You can find a Virtual Assistant for the following technical services:
- Website Design and Programming
- Software Application Development
- Digital Marketing
- Legal, Medical and Business Transcription
- Content Marketing Process
- IT Management
- Human Resource Services
- Market Research
It doesn’t matter whether your business is big or small or if you are engaged in real estate, the legal practice or e-commerce. You will experience many benefits from contracting virtual assistance services:
- Lower business costs.
- Increase your level of productivity.
- Introduce business flexibility.
- Improve quality of work.
- Reduce business risks attributable to expansion.
- Ability to pursue new business opportunities.
- Improve internal funding to cover projects and programs.
- Implement sustainable business strategies.
- Develop strategic partnerships.
- Reduce stress levels.
All of these benefits combined with the growing diversity in the virtual assistance industry will further improve its value proposition.
Thus, in 2017 expect the virtual assistance industry to maintain its upward trajectory as demand for its services will continue to grow from businesses worldwide.
What are the key indicators of growth in 2017 and beyond for the virtual assistance industry?
- Based on studies by Global Workplace, 20% to 25% of the work force is composed of virtual assistants or telecommuters.
- 50% of most jobs available in companies are suited for virtual assistance work.
- Fortune 1000 companies are revamping their offices because employees are becoming increasing mobile.
- A US poll by Gallup showed that incorporating virtual assistants or telecommuters in the work force increased by 37% in 2015.
- In the UK, a survey undertaken by the Global Leadership Summit showed that 34% of businesses stated that they would implement remote worker solutions in 2020. The consensus is the work force should comprise of at least 50% virtual assistants or telecommuters.
- Virtual assistants earn more than regular office workers. A survey by Payoneer showed that on average a virtual assistant or a freelancer earns pretax rate of $21 per hour which is higher than the average earnings of regular employees in most countries.
- A study by Elance showed that developed economies such as the US, Australia, the UK, Canada and the UAE continue to hire the highest number of virtual assistants.
- Companies continue to outsource work to countries where a comparative advantage in labor exists. These include the Philippines, India and China.
Thus, the future for the virtual assistance industry looks bright in 2017 and beyond. As the global business environment continues to undergo change and remains unpredictable, more companies and enterprises will embrace the value proposition of virtual assistance.