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  • Casual Articles - Why Big Business Should Embrace Virtual Assistance

    Compensation Resources, Inc. Releases Its 2004 Year-End Compensation Survey
    Upper Saddle River, N.J. - December 2004 - Compensation Resources, Inc. has released the results of its 2004 Year-End Compensation Survey. The purpose of this study was to obtain compensation data used for trending and planning purposes at companies of all sizes and shapes. Data was compiled from survey questions that were developed by CRI and distributed to companies in over 14 industrial classifications, in addition to Not-for-Profit organizations. The survey sampled year-end compensation data from a variety of organizations, collected in October and November 2004.Results indicated that the average merit/salary increase for all employee functional groups was 3.9% in 2004, and 3.8% is the average projected merit/salary increase for all groups in 2005. Companies that have more than 10,000 employees showed the lowest merit/salary increases in 2004 and projected 2005 among all other company sizes. Among all survey participants, the number of layoffs, hiring freezes, and salary freezes are expected to decrease from 2004 to 2005. Results indicated that tar
    xecutive assistant to project manager to administrative supervisor. Their skill sets are already highly polished – no training required; and they can almost seamlessly assume the responsibility of executive assistant or project assistant because they come to the role as a seasoned professional who knows how to manage their time, prioritize their work, support their clients, and meet the expectations of the company.

    Mystery Staffing: Temporary employment agencies cannot guarantee a company will be able to get the same person they had on the last assignment. It’s almost impossible because one of their goals is to ensure their talent pool stays as busy as they desire. This is especially true if the temp employee has more advanced skill sets and is in demand by more than one company.

    Virtual Assistants work on retainer plans, project plans and pay-as-you-go (PAYG) plans. The client company is assured of their availability and can relax because they are already aware of the VA’s knowledge, skills and abilities. This is a huge relief when a client company has an important deadline or requires very specialized skills and a dev

    How Creative Intelligence Alliances Can Help You Grow Your Business
    Who do you report to when you are the boss? How do you deal with unmotivated days, or those times when you feel overwhelmed?Successful people have known the key to dealing with these pressures for a long time.In the early 1900s Napoleon Hill studied first-hand the high achievers of the day - names that we still recognize, like Carnegie, Rockefeller, and Edison - and discovered their secret: a network of other success-oriented people who kept them focused and on track.He called this phenomenon the "Master mind" because the calibre of ideas produced by the group as a whole were greater than the ideas produced by the same individuals on their own. If you've experienced being in a group of people who take build on the ideas pitched by others and take them to the next level, then you know how it works.Corporations, especially creative ones, use this philosophy in brain storming sessions, and you too can use creative intelligence to help grow your business.Benefits of a Creative Intelligence AllianceA "Creati
    Since starting my Virtual Assistance practice, and after 24 years in corporate America, I keep coming back to the question: Why doesn’t Virtual Assistance also work for larger corporations? I don’t have an answer to that question, but I have come up with several reasons for large companies to take a serious look at how Virtual Assistance can help them.

    Virtual Assistance is a strategic alternative to downsizing: Too many large companies today have embraced downsizing as a way to reduce overhead costs and become more operationally efficient. A large number of downsized positions are targeted for the administrative staff because companies believe technology will be a more efficient, cost-effective solution to human support and that managers and senior leaders can assume the maintenance of these tasks. This belief is misguided simply because technology cannot replace human expertise, intuition or interaction. The assumption that administrative tasks such as calendaring, data/information management, meeting planning or research will be better managed with technology and leadership oversight is a plan for disaster.

    Okay, I know I’m being harsh here… but when administrative staff is downsized they take with them the detailed knowledge of administrivia. In other words, expecting the managers or senior leaders who relied on administrative support to assume these “simple” tasks with the help of technology is like asking an executive chef to release her prep cook and sous chef for mechanized preparation. It just doesn’t work.

    Managers and senior executives are very good at what they do – strategizing, business development, analyzing, and decision-making. But, the countless details of these functions are so varied that they require the diverse skills that only administrative experts can bring to the role. The old corporate adage – time is money – still holds true when administrative functions are heaped upon already overworked leaders who are at their best strategizing, developing, analyzing and making decisions.

    Virtual Assistants are the strategic alternative to downsizing because they are able to assume some – or all – of the administrative tasks that busy managers and executives simply don’t have time to do. And, in most cases VAs already have the technology and other tools available to them, so communications remain smooth, efficient and productive.

    Administrative support is a specialized profession similar to lawyers, accountants or subject matter experts. All of these specialties have had their share of downsizing, but are always in demand. Which brings me to…

    Virtual Assistants are less expensive than employees: Employees cost money; and lots of it when it comes to larger companies. Here’s a quick-and-dirty breakdown:

    • Salary
    • Benefits (Medical and Life Insurance, LTD, STD, etc.)
    • Vacation and sick time, holiday pay
    • Employer-paid taxes (FICA, FUTA, Medicare, SUTA, Workers Comp)
    • Training
    • Space
    • Equipment (PC, phone, desk, supplies)
    • Downtime when workloads are slow
    Virtual Assistants work as independent contractors. This means companies are not paying for benefits, time off, taxes, training, space, equipment or downtime. Virtual Assistants work from their own office, use and maintain their own equipment, schedule and manage their time to ensure client needs are met, pay their own taxes, maintain their own professional training/certifications, and work with other clients so downtime is not an issue.

    Virtual Assistance is a realistic solution to hiring temporary help – for many reasons:

    Training Downtime: Temporary employment agencies are a good solution if the assignment requires general administrative support… answering phones, copying, faxing and other front-office tasks. And, the key term here is general because they fall short when a company requires specialized support for assisting senior executives or project managers. These are skill sets that can only be acquired through years of experience working in these specialized roles; and too many temporary agencies are hard pressed to recruit temporary help at this level. Therefore, the company must free internal resources to train a temporary employee, taking up more man-hours and decreasing productivity before the temp employee can be of any real assistance.

    Virtual Assistants come into their roles after years of experience and training in a variety of roles – from administrative assistant to executive assistant to project manager to administrative supervisor. Their skill sets are already highly polished – no training required; and they can almost seamlessly assume the responsibility of executive assistant or project assistant because they come to the role as a seasoned professional who knows how to manage their time, prioritize their work, support their clients, and meet the expectations of the company.

    Mystery Staffing: Temporary employment agencies cannot guarantee a company will be able to get the same person they had on the last assignment. It’s almost impossible because one of their goals is to ensure their talent pool stays as busy as they desire. This is especially true if the temp employee has more advanced skill sets and is in demand by more than one company.

    Virtual Assistants work on retainer plans, project plans and pay-as-you-go (PAYG) plans. The client company is assured of their availability and can relax because they are already aware of the VA’s knowledge, skills and abilities. This is a huge relief when a client company has an important deadline or requires very specialized skills and a dev

    China Business Negotiation - Understanding the Culture
    Business negotiation in China can be very a frustrating exercise for western business executives. The Chinese business culture and deliberate style of negotiation is vastly different from the more direct western approach.It is easy to lose perspective and patience and ultimately fail in reaching the desired agreement.European and American business men and women are accustomed to a straight-forward style of negotiation. Both parties generally agree on the objectives and attempt to take a direct path to reach those goals in the shortest time possible.Business negotiations in China require a much more patient approach. The Chinese culture makes the people suspicious of strangers, both Chinese and foreign, but especially foreign business men and women. The initial meetings in any negotiating session in China may seem to be going nowhere, but this time is required for establishing relationships and, ultimately, the trust of the Chinese participants. Personal relationships are the key to business success in China.The final decision maker in a Chines
    now I’m being harsh here… but when administrative staff is downsized they take with them the detailed knowledge of administrivia. In other words, expecting the managers or senior leaders who relied on administrative support to assume these “simple” tasks with the help of technology is like asking an executive chef to release her prep cook and sous chef for mechanized preparation. It just doesn’t work.

    Managers and senior executives are very good at what they do – strategizing, business development, analyzing, and decision-making. But, the countless details of these functions are so varied that they require the diverse skills that only administrative experts can bring to the role. The old corporate adage – time is money – still holds true when administrative functions are heaped upon already overworked leaders who are at their best strategizing, developing, analyzing and making decisions.

    Virtual Assistants are the strategic alternative to downsizing because they are able to assume some – or all – of the administrative tasks that busy managers and executives simply don’t have time to do. And, in most cases VAs already have the technology and other tools available to them, so communications remain smooth, efficient and productive.

    Administrative support is a specialized profession similar to lawyers, accountants or subject matter experts. All of these specialties have had their share of downsizing, but are always in demand. Which brings me to…

    Virtual Assistants are less expensive than employees: Employees cost money; and lots of it when it comes to larger companies. Here’s a quick-and-dirty breakdown:

    • Salary
    • Benefits (Medical and Life Insurance, LTD, STD, etc.)
    • Vacation and sick time, holiday pay
    • Employer-paid taxes (FICA, FUTA, Medicare, SUTA, Workers Comp)
    • Training
    • Space
    • Equipment (PC, phone, desk, supplies)
    • Downtime when workloads are slow
    Virtual Assistants work as independent contractors. This means companies are not paying for benefits, time off, taxes, training, space, equipment or downtime. Virtual Assistants work from their own office, use and maintain their own equipment, schedule and manage their time to ensure client needs are met, pay their own taxes, maintain their own professional training/certifications, and work with other clients so downtime is not an issue.

    Virtual Assistance is a realistic solution to hiring temporary help – for many reasons:

    Training Downtime: Temporary employment agencies are a good solution if the assignment requires general administrative support… answering phones, copying, faxing and other front-office tasks. And, the key term here is general because they fall short when a company requires specialized support for assisting senior executives or project managers. These are skill sets that can only be acquired through years of experience working in these specialized roles; and too many temporary agencies are hard pressed to recruit temporary help at this level. Therefore, the company must free internal resources to train a temporary employee, taking up more man-hours and decreasing productivity before the temp employee can be of any real assistance.

    Virtual Assistants come into their roles after years of experience and training in a variety of roles – from administrative assistant to executive assistant to project manager to administrative supervisor. Their skill sets are already highly polished – no training required; and they can almost seamlessly assume the responsibility of executive assistant or project assistant because they come to the role as a seasoned professional who knows how to manage their time, prioritize their work, support their clients, and meet the expectations of the company.

    Mystery Staffing: Temporary employment agencies cannot guarantee a company will be able to get the same person they had on the last assignment. It’s almost impossible because one of their goals is to ensure their talent pool stays as busy as they desire. This is especially true if the temp employee has more advanced skill sets and is in demand by more than one company.

    Virtual Assistants work on retainer plans, project plans and pay-as-you-go (PAYG) plans. The client company is assured of their availability and can relax because they are already aware of the VA’s knowledge, skills and abilities. This is a huge relief when a client company has an important deadline or requires very specialized skills and a dev

    Five Questions for Improving Business Reports
    Have you ever asked for a report based on data in a database? Or have you ever been asked to create such a report? Starting a report can sometimes feel like a mind reading trip into uncharted territory. I have spent over 5 years creating reports and I found it was often necessary to go back and redo reports because communication was not clear. Sometimes the party requesting the report didn't know what they really wanted. Sometimes the party creating the report does not ask enough questions before starting. Over the years, I have come up with starter questions that provide a plan. Using these I have more often created the needed report on the first draft.What question are you trying to answer? I have often had management ask for something specific without first telling me what they wanted to know. When the objective is not set forth at the onset, often what management requested does not give them the answers they were seeking. This is usually due to the fact that people were jumping ahead to the result instead of actually asking the question
    nd other tools available to them, so communications remain smooth, efficient and productive.

    Administrative support is a specialized profession similar to lawyers, accountants or subject matter experts. All of these specialties have had their share of downsizing, but are always in demand. Which brings me to…

    Virtual Assistants are less expensive than employees: Employees cost money; and lots of it when it comes to larger companies. Here’s a quick-and-dirty breakdown:

    • Salary
    • Benefits (Medical and Life Insurance, LTD, STD, etc.)
    • Vacation and sick time, holiday pay
    • Employer-paid taxes (FICA, FUTA, Medicare, SUTA, Workers Comp)
    • Training
    • Space
    • Equipment (PC, phone, desk, supplies)
    • Downtime when workloads are slow
    Virtual Assistants work as independent contractors. This means companies are not paying for benefits, time off, taxes, training, space, equipment or downtime. Virtual Assistants work from their own office, use and maintain their own equipment, schedule and manage their time to ensure client needs are met, pay their own taxes, maintain their own professional training/certifications, and work with other clients so downtime is not an issue.

    Virtual Assistance is a realistic solution to hiring temporary help – for many reasons:

    Training Downtime: Temporary employment agencies are a good solution if the assignment requires general administrative support… answering phones, copying, faxing and other front-office tasks. And, the key term here is general because they fall short when a company requires specialized support for assisting senior executives or project managers. These are skill sets that can only be acquired through years of experience working in these specialized roles; and too many temporary agencies are hard pressed to recruit temporary help at this level. Therefore, the company must free internal resources to train a temporary employee, taking up more man-hours and decreasing productivity before the temp employee can be of any real assistance.

    Virtual Assistants come into their roles after years of experience and training in a variety of roles – from administrative assistant to executive assistant to project manager to administrative supervisor. Their skill sets are already highly polished – no training required; and they can almost seamlessly assume the responsibility of executive assistant or project assistant because they come to the role as a seasoned professional who knows how to manage their time, prioritize their work, support their clients, and meet the expectations of the company.

    Mystery Staffing: Temporary employment agencies cannot guarantee a company will be able to get the same person they had on the last assignment. It’s almost impossible because one of their goals is to ensure their talent pool stays as busy as they desire. This is especially true if the temp employee has more advanced skill sets and is in demand by more than one company.

    Virtual Assistants work on retainer plans, project plans and pay-as-you-go (PAYG) plans. The client company is assured of their availability and can relax because they are already aware of the VA’s knowledge, skills and abilities. This is a huge relief when a client company has an important deadline or requires very specialized skills and a dev

    The Benefits of Brochure Printing
    One of the most widely used tool in showcasing businesses products and services are the brochures. Businesses consider them to be a vital tool for advertising because they could easily inform their target prospects about the latest updates and newest products and services. Second they keep people informed about the good benefits they can get through the brief information included on it. And lastly they can keep an eye of turning prospects to potential clients and end up with more sales and profits.Taking a look at the brochures we could highly regard them as single or multi-page material that can be used by companies for showcasing a product or service. They are popularly known as a tool widely used for event promotions, real estate, updating customers about certain product of keeping people aware of the company itself.Brochure printing became the significant service in the printing industry. This is because it could cater to print exemplary brochure that will impose an impression that will last. Printed with the expert designers and printing staffs t
    aintain their own professional training/certifications, and work with other clients so downtime is not an issue.

    Virtual Assistance is a realistic solution to hiring temporary help – for many reasons:

    Training Downtime: Temporary employment agencies are a good solution if the assignment requires general administrative support… answering phones, copying, faxing and other front-office tasks. And, the key term here is general because they fall short when a company requires specialized support for assisting senior executives or project managers. These are skill sets that can only be acquired through years of experience working in these specialized roles; and too many temporary agencies are hard pressed to recruit temporary help at this level. Therefore, the company must free internal resources to train a temporary employee, taking up more man-hours and decreasing productivity before the temp employee can be of any real assistance.

    Virtual Assistants come into their roles after years of experience and training in a variety of roles – from administrative assistant to executive assistant to project manager to administrative supervisor. Their skill sets are already highly polished – no training required; and they can almost seamlessly assume the responsibility of executive assistant or project assistant because they come to the role as a seasoned professional who knows how to manage their time, prioritize their work, support their clients, and meet the expectations of the company.

    Mystery Staffing: Temporary employment agencies cannot guarantee a company will be able to get the same person they had on the last assignment. It’s almost impossible because one of their goals is to ensure their talent pool stays as busy as they desire. This is especially true if the temp employee has more advanced skill sets and is in demand by more than one company.

    Virtual Assistants work on retainer plans, project plans and pay-as-you-go (PAYG) plans. The client company is assured of their availability and can relax because they are already aware of the VA’s knowledge, skills and abilities. This is a huge relief when a client company has an important deadline or requires very specialized skills and a dev

    Making the Choice Between Working for a Large Company or a Small Company
    Often when looking for a job, there are opportunities to work for both small and large companies, both have their good points and bad points. Although there are no hard and fast rules that can be applied when the choice needs to be made, these guidelines may help. Especially if you have for example always worked for a small company and are looking to move to a large one or vice versa.Small companies - the good! Wide variety of workOften better than average pay increases, especially if the company is doing wellPromotion may be swift, achievements will be noticed and appreciatedLess form filling, policies and proceduresFlatter management structure, more involvement from all levels in business decisions Small companies - the bad! You run the risk of becoming a "Jack of all trades" or becoming only valuable to this employerIf the company is suffering, your pay packet may suffer as wellAny
    xecutive assistant to project manager to administrative supervisor. Their skill sets are already highly polished – no training required; and they can almost seamlessly assume the responsibility of executive assistant or project assistant because they come to the role as a seasoned professional who knows how to manage their time, prioritize their work, support their clients, and meet the expectations of the company.

    Mystery Staffing: Temporary employment agencies cannot guarantee a company will be able to get the same person they had on the last assignment. It’s almost impossible because one of their goals is to ensure their talent pool stays as busy as they desire. This is especially true if the temp employee has more advanced skill sets and is in demand by more than one company.

    Virtual Assistants work on retainer plans, project plans and pay-as-you-go (PAYG) plans. The client company is assured of their availability and can relax because they are already aware of the VA’s knowledge, skills and abilities. This is a huge relief when a client company has an important deadline or requires very specialized skills and a developed understanding of the expected outcome.

    Cost: Temporary employment agencies make their money by charging employers a recruiting fee - typically between 10% and 20% - of the total compensation paid to the temp employee for the duration of the assignment. Extensions to the assignment require additional recruiting fees; and, in some cases recruiting fees are not refunded if the assignment is cut short. The employer must also usually pay taxes on the full contract amount – including the recruiting fee.

    A Virtual Assistant, as I said earlier, works with clients through retainer agreements, project agreements, or PAYG plans. The agreements are created after an initial - usually free - consultation, and once the Virtual Assistant has gathered enough detailed information about the nature of the work, variety of skills and accessibility to the client. While it’s true that retainer agreements generally contain non-refund clauses that encourage companies to use the entire amount of retained hours, the estimate is based on a simple formula that accurately reflects the nature and amount of work.

    Virtual Assistance project agreements are similar to retainer agreements and also contain clauses for reimbursement of non-standard supplies as well as changes in scope of the project plan. PAYG agreements are fairly basic – the company pays for the amount of time the VA spends working with them and usually requires a 50% deposit in advance.

    Virtual Assistance is a cost-effective alternative to permanent floaters: Many large companies keep a full-time administrative floating staff – staff that fills in for short or long-term administrative vacancies due to illness, leave of absence or until an empty permanent position is filled. While this may be plausible in a few cases, the costs associated with keeping permanent floating staff are extremely high. Full-time employees earn their salary whether they are productive or not, need supervision and management when they are not working in a vacant area, and require ongoing training to acquire all of the skills needed to effectively fill more senior floating roles. All of these costs are absorbed by the employer.

    Virtual Assistants are cost-effective alternatives to permanent floaters because they work with client companies only when work is available, do not require supervision because they are not employees rather they are administrative experts who own and operate their practices, and constantly upgrade their skills and acquire new ones, at their expense, to remain at the forefront of their profession.

    ~ ~ ~ ~

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