The Hidden Costs Of Employing Staff Locally & How You Can Save With A VA

Kelly Mackay • March 30, 2023

In today's business landscape, it's important to keep costs low while maximising productivity. However, hiring staff locally in Australia can be expensive. Many companies are now turning to virtual assistants to save on costs. In this post, we'll discuss the hidden costs of employing staff locally and how a virtual assistant can help you save money.


Hidden Costs of Employing Staff Locally in Australia:


Office Space

Renting or buying physical office space can be expensive, especially in major cities like Sydney, Melbourne, and Brisbane. Additionally, you may also have to purchase office equipment and furniture, which can add to the overall cost.


Superannuation

In Australia, employers are required to contribute 10% of an employee's salary to their superannuation fund. This can be a significant expense, especially if you have a large staff.

Payroll Taxes

When you hire employees, you're also responsible for paying payroll taxes, including the Pay-As-You-Go (PAYG) withholding tax, which is a tax on employees' salaries. These costs can add up quickly and can be challenging to calculate.


Recruitment and Training

Hiring employees requires time and resources to find qualified candidates, conduct interviews, and provide training. This process can be time-consuming and expensive, especially if you have high turnover rates.


How a Virtual Assistant Can Help You Save in Australia:

Lower Overhead Costs

By hiring a virtual assistant, you can avoid the expenses of physical office space, equipment, and furniture. This can significantly reduce your overhead costs and allow you to allocate your budget towards other areas of your business.

No Superannuation Required

Since virtual assistants are not considered employees in Australia, you don't have to provide superannuation contributions. This can save you a significant amount of money over time.


No Payroll Taxes

When you hire a virtual assistant in Australia, you're not responsible for paying payroll taxes like the PAYG withholding tax. This can save you a considerable amount of money and time spent on calculating taxes.


No Recruitment or Training Costs

Virtual assistants are already trained and experienced in their field. This means you don't have to spend time and resources on recruitment or training, which can save you money in the long run.


Hiring staff locally in Australia can be expensive due to the hidden costs of office space, superannuation, payroll taxes, recruitment, and training, but that doesn’t mean you have to put off getting an extra hand. Virtual assistants can provide the same level of service as an in-house employee while saving you money in the process. Consider hiring a virtual assistant to help your business grow and succeed.

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Top Qualities to Look for in a Virtual Assistant

By Kelly Mackay • September 26, 2023
Ensure a successful working relationship with a virtual assistant who possesses the essential traits to support your business effectively. Read more in this informative blog post.
Top 10 Tasks You Can Outsource to a Virtual Assistant

Top 10 Tasks You Can Outsource to a Virtual Assistant

By Kelly Mackay • August 24, 2023
In this blog post, we delve into the benefits of outsourcing tasks to a virtual assistant, providing entrepreneurs and busy professionals with a solution to manage their overwhelming workloads.
Virtual assistant doing conference

How a Virtual Assistant Can Help Manage Your Workload

By Kelly Mackay • March 30, 2023
In today's fast-paced business environment, managing your workload and your team's workload can be a daunting task. With so many tasks to juggle, it's easy for things to fall through the cracks. That's where hiring a virtual assistant (VA) can come in handy. A virtual assistant is a remote worker who provides administrative or other support services to businesses. Delegating Tasks at a Lower Cost to Entry One of the primary benefits of hiring a virtual assistant to help manage you and your team's workload is the ability to delegate tasks at a lower cost to entry than a local employee with the same skill set. Delegating tasks can free up your time to focus on more important tasks, such as strategic planning and team management. By outsourcing tasks to a virtual assistant, you can reduce your workload and increase your productivity. Find the Perfect Candidate with the Right Skill Sets You Need Virtual assistants can help with a wide range of tasks, including managing email correspondence, scheduling appointments, data entry, and social media management. They can assist with project management by coordinating tasks and deadlines, providing progress updates, and communicating with team members. They can also help with research, data analysis, and report preparation, freeing up your time to focus on other critical tasks. Flexible hours and Reduced Overheads Another benefit of hiring virtual assistants is their flexibility. Unlike in-house employees, virtual assistants work remotely, which means they can work outside of traditional business hours. This flexibility allows them to accommodate different time zones and work on urgent tasks as needed. Unlike hiring an additional hand locally, a virtual assistant also saves you money on overhead costs associated with in-house employees, such as office space, equipment, and benefits. Hiring a virtual assistant can truly be a valuable resource for managing your team's workload. By delegating tasks and responsibilities to a virtual assistant, you can free up your time to focus on more critical tasks, increase your productivity, and save on overhead costs. With careful planning and communication, a virtual assistant can help you manage a businesses workload effectively and efficiently.
Virtual assistant on work talking and waving

Why You Should Hire a Virtual Assistant (VA)

By Overseas Team • February 27, 2023
As a business owner, you know that running a business can be time-consuming and exhausting. Between managing your team, handling customer inquiries, and working on new projects, it can be challenging to find the time to focus on what really matters - growing your business. This is where a virtual assistant can be a game-changer. A virtual assistant, or VA, is a remote worker who can help you with a wide range of tasks, from administrative work to customer support. And thanks to advances in technology, it's now easier than ever to hire a highly skilled VA who can work from anywhere in the world. Here are just a few reasons why you should consider hiring a VA for your business: Increased Productivity One of the most significant benefits of hiring a virtual assistant is increased productivity. With a VA to handle administrative tasks, you can focus on the important work that only you can do. This can include things like strategy, product development, and client acquisition. By delegating tasks to a VA, you can free up more time to focus on growing your business. Reduced Costs Another significant benefit of hiring a virtual assistant is cost savings. Because virtual assistants work remotely, you don't need to worry about the costs of office space, equipment, or supplies. Additionally, hiring a virtual assistant from overseas can be significantly cheaper than hiring someone for the same role locally. This is because the cost of living is often lower in other countries, and you can take advantage of exchange rates to get more for your money. By hiring a virtual assistant, you can save money while still getting the skills and experience you need for your business. Access to a Highly Skilled Workforce Thanks to advances in technology, you now have access to a highly skilled workforce from all around the world. This means that you can find a virtual assistant who has the exact skills you need, whether it's social media management, customer support, or project management. And because virtual assistants work remotely, you're not limited to hiring someone in your local area. Flexibility Virtual assistants offer a high degree of flexibility. Not only are VAs available on a part time or full time basis to suit your business, but because they work remotely, they can often be available outside of traditional business hours. This can be especially beneficial for businesses that have clients or customers in different time zones. Why Hire a VA Through Overseas Teams? If you're considering hiring a virtual assistant, you may be wondering how to find the right one for your business. This is where Overseas Teams comes in. As an Australian owned and operated business, we understand the unique needs of Australian businesses. We work with you to find a virtual assistant who not only has the skills you need but also fits seamlessly into your team's culture. When you hire a virtual assistant through Overseas Teams, they're not our employee - they're yours. We help you advertise, screen, and recruit the perfect VA for your business, but once they're hired, they become your staff member. This means they work in your time zone, use your systems and workflows, and absorb your company's culture. We take care of the boring stuff like payroll, HR, and reporting, so you can focus on building a strong working relationship with your dedicated virtual assistant. Hiring a virtual assistant can be a game-changer for your business. With increased productivity, reduced costs, access to a highly skilled workforce, and flexibility, it's easy to see why so many businesses are turning to virtual assistants. And with Overseas Teams, finding the right virtual assistant for your business has never been easier. Contact us today to learn more about how we can help you grow your business with a dedicated virtual assistant.