When employing a Virtual Assistant how much should you pay them and do you have any other responsibilities towards them? What is the best way to structure reward and praise? Sometimes in the world of VA’s the rules and regulations can be a little unclear so Steve is here to summarise what you should be putting in place to pay and support your team and fulfil your obligations as an employer.
KEY TAKEAWAYS
- Sometimes the payment that people ask for in other countries can seem low. However, if you pay them the normal wage for your country, you may be significantly overpaying them in relation to the economy where they live.
- Bear in mind that VAs will be paying all their own taxes so you need to bear that in mind when deciding how much you are going to pay them.
- When advertising a job ask the applicant what they expect to receive then you can eliminate them based on your range you are deciding to pay.
- You can hire at a lower rate if you recruit at a base level and train the employee up in your specific systems. You can then give pay increases as their skills improve in line with your company policy.
- You can give bonuses based on performance or provide payments like Christmas bonuses. Paid time off can also decrease burnout.
- Health insurance, depending on the country, can be a good incentive for employees.
BEST MOMENTS
‘We’ve learnt a lot in all of those experiences and a lot about how to bring people on board, how to pay them what they are worth so they feel they are getting good bang for their buck in terms of the time that they actually give to you, and that you’re getting good return on your investment for the amount you pay them relative to where they live.’
‘The way that I chose to go was to pay people a good wage, above the average based on the country that the person lives in.’
‘We are looking for people who have the aptitude and the ability to learn and progress and that’s why most of the people we start at general assistant level.’
‘We actually reward people in terms of their appraisal if they are the type of person who brings solutions rather than bringing problems.’
‘I used to have staff, they just work and work and work and never ask for a day off. Then you realize the reason they’re not asking for a day off is they don’t want to lose their wage. So we actually force people to take time off.’
VALUABLE RESOURCES
Facebook Group: https://www.facebook.com/SystemsAndOutsourcing/
Website: https://systemsandoutsourcing.com/welcome-1
YouTube: https://www.youtube.com/c/drsteveday
The RIGHT Assistants For Your Business by Dr Steve Day http://bit.ly/sys-10
ABOUT THE HOST
Steve used to be a slave to his business but when he moved to Sweden in 2015, he was forced to change the way he worked. He switched to running his businesses remotely and after totally nailing this concept he decided to spend his time helping other small business owners do the same. Steve’s been investing in property since 2002, has a degree in Computing, and worked as a doctor in the NHS before quitting to focus full-time on sharing his systems and outsourcing Methodology with the world. He now lives in Sweden and runs his UK-based businesses remotely with the help of his team of Filipino and UK-based Virtual Assistants.
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