Turnover With a Virtual Assistant
- Danielle Cuomo
- Nov 30, 2022
- 2 min read
Updated: May 19, 2024
Everyone has heard of employee turnover-- and the challenges and problems that come with. But today, we will lean into the opportunities.
Turnover costs about 20% of annual salary for mid-range positions. For example, replacing a $50k employee manager would cost $10,000. In fact, it’s not uncommon for recruiters to request 20-30 percent of a new hire’s first-year salary. Other sources estimate that for mid-level employees, replacing them costs upwards of 150% of their annual salary. Ouch. Obviously, it pays to hire well and retain better.
Things are a little different with a Virtual Assistant company.
When you hire a Virtual Assistant company like Virtual Assist USA, we take care of all of the following:
Recruiting: We identify, assess, screen, and hire candidates for the role. We also conduct background checks, skills assessments, reference checks, state paperwork, and personality tests. It's all taken care of for you.
Training: We ensure that our Virtual Assistants are experienced with the tools, continuing education, and best practices in processes needed to support your business.
Personal Development: We provide feedback, development coaching, and mentorship for the betterment of their work. Each Virtual Assistant has a team lead supervisor who mentors them.
Turnover: We maintain trained backups and manage transitions. This means, when there is the inevitable turnover-- you don't have to worry. We take care of all of the backend work. This also means that there is someone ready to hit the ground running-- there is no lagtime for time spent interviewing new candidates, for example. The cost of a new hire can be high including the cost of preparing training materials, benefits enrollment, and administrative processing. But we take care of all of that.
You can see that hiring a Virtual Assistant company over an individual employee is a tremendous benefit when it comes to the pitfalls that come with turnover. However, turnover still happens in a Virtual Assistant company -- the difference is that the company takes care of everything for you!
I definitely relate to the turnover headaches mentioned. In my previous role at a small marketing firm, we lost a key social media strategist. The scramble to find a replacement while juggling ongoing campaigns was incredibly stressful. The lost productivity and training time for the new hire significantly impacted our project timelines. It's interesting to consider how a virtual assistant setup could mitigate those disruptions. For a bit of a mental break from all the chaos, I've been enjoying Block Blast lately.
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