Last week, I stumbled upon an article in the New York Times discussing the innovative use of virtual staff in the Philippines by fast food businesses and restaurants in the U.S. It immediately caught my attention—not just because it’s a validation of what we’ve been championing for years at VirtualStaff.ph, but because it perfectly illustrates the immense competitive advantage that virtual staffing offers.
Imagine this: restaurants are now employing virtual staff from the Philippines to take orders and interact with customers via video screens.
This setup isn’t just about embracing technology—it’s a strategic move to drastically cut costs while maintaining, if not improving, customer service quality. These businesses are seeing up to an 80% reduction in employee costs.
We’ve seen businesses save millions doing this!
Picture the savings—just five employees could mean an annual saving of at least $200,000. That’s being conservative. Scale that across 10 locations, and you’re talking about savings between $2 million to $3 million annually. Over five years, that accumulates to a staggering $10 million to $15 million. That’s not just spare change; it’s a transformational shift in how businesses manage their finances and growth.
Now, how does this relate to hiring Virtual Assistants (VAs) and future-proofing your business? The connection is more straightforward than it might seem. By integrating VAs into your business model, you’re not only saving on immediate costs but also protecting your business against future financial burdens.
Countries like the USA and the UK are grappling with colossal national debts, soaring promises of social security, and pensions that are frankly, unsustainable in the long run given the current revenue streams. Not to mention, the demographic shift with populations living longer means more people will depend on state intervention post-retirement.
So, what should you do? Here’s my advice:
- Cut Costs and Increase Profit: By reducing operational costs, you free up capital that can be reinvested into your business or saved for future needs. Hiring a virtual assistant from places like the Philippines not only reduces your wage bills but also avoids the hidden costs associated with hiring locally, such as healthcare, taxes, and other employee benefits. Learn how to hire the best virtual assistants with our detailed guide here.
- Shield Against Rising Costs: The economic trends are clear—minimum wages are on the rise, and the cost of living will only go up. This means higher expenses for businesses, not just in wages but also in potential new taxes that governments might levy to cover their debts and promises. Hiring a virtual assistant is a proactive move to buffer your business from these impending financial pressures. You can find a virtual assistant at unbeatable rates on our platform.
At VirtualStaff.ph, we’ve seen over 25,000 businesses adopt this model to build cost-effective, world-class teams in the Philippines. Despite its proven benefits, the concept of hiring virtual staff still seems unconventional to many. But in today’s economic climate, “unconventional” is exactly what we need to stay ahead.
Protect your business today and tomorrow by getting ahead of the game with strategies that might seem unconventional now but will soon be the norm. It’s not just about survival; it’s about thriving in a future where financial agility and strategic foresight are paramount. For more insights, check out our post on the ins and outs of hiring a virtual assistant.
The fact is, the case for hiring VAs or any type of Remote Staff is stronger than ever. Not only does it offer a direct path to significant cost savings, but it also positions your business to be resilient in the face of global economic shifts. Future-proof your business model by leveraging the power of virtual staffing—your balance sheet will thank you.
