From 2020 until the end of 2022, businesses closed and millions of people lost their jobs globally. In contrast, remote work specifically the virtual assistant service boomed to a great extent.
What’s more, California-based Business Wire said that the VA market size will reach US$25.6B within the next three years and beyond. This is partly because of the adoption of the Hybrid and Work from Home models by many employers.
Moreover, business owners the practicality of outsourcing to online Virtual Assistants. With this development, here are some trends to check out in virtual assistant work for the rest of 2022.
Increasing Number of Remote VAs
The positive impact of the pandemic on VA services has not diminished. On the contrary, over 50 percent of full-time employees have been performing virtual-assistant related tasks dues to these benefits:
- Flexibility in Work Schedules
- Better Work Productivity
- Enhanced Work-Life Balance
- Lesser Stress
- More Rest Hours
On the other hand, employers generate more savings since they do not provide employees with many benefits, purchase additional equipment, and spend for office space lease. Besides, they will probably obtain good referrals from colleagues who have used a virtual assistant service in the past.
The main point is more business owners and even corporate executives are inclined to bank on the growing number of freelance workers and VA market evolution. Remote VAs have the capability to work independently with minimal supervision. Meanwhile, an employer can hire virtual assistants on a contractual arrangement on a definite period.
Planning for Outsourcing
A survey conducted worldwide in 2020 bared that around 70 percent of business organizations opted for outsourcing to save on costs. This is the same trend for the VA market. Companies in North America, Europe, and the Middle East hire highly competent virtual assistants at reasonable rates. It significantly reduces overhead since the employer does not have to pay for medical benefits, travel allowances, and other expenses in maintaining a regular employee. The bottom line is businesses earn more profits as well as freeing up their time and resources while focusing on operations.
Flexible Work Schedules
Flexible working hours provides employees the option to work during their productive hours. On the other hand, business owners can choose online virtual assistants who can deliver excellent outputs. The outcomes are improved levels of job satisfaction, positive brand status, less pressure for workers with more time for rest and relaxation.
Integration of Technology
Technology in the working environment helps reduce or eliminate manual paperwork, streamline business operations, and promote team communications. Employers can also produce real-time updates, use sophisticated automation competencies, and access customer understanding. Moreover, the integration of digital tools help companies in managing remote employees and foster improved collaboration.
Emergence of Startups
Startup firms yearn for smart and affordable solutions to generate higher revenues and achieve business success. Outsourcing VA services can help cut down their operating costs every year. The startup can rely on the quality of work to aim for higher profits in a virtual working environment.
