The High Cost of Recruiting vs. a Real Estate Virtual Assistant
If you're looking to grow your real estate business or property management company, you need to build a team of skilled professionals that can help you meet your goals. However, finding the right talent can be expensive, especially when you use recruiting agencies.
Today we discuss the high cost of recruiting and how using a real estate virtual assistant and the right VA platform can save you time and money. We'll also give you access to a free tool through VPM Solutions that helps companies estimate potential cost savings when choosing virtual assistants instead of W-2 employees.
The Cost of Using Recruiting Agencies
Recruiting agencies can be a helpful resource for finding talent, but they come at a high cost. These agencies typically charge a percentage of a new employee's first-year salary, ranging from 15-25% on average, as their finder's gee.
So, if you hire someone for $60,000, you'll pay your recruiter between $9,000 and $15,000 as their fee for finding that employee. If that recruiter helps you hire multiple employees, these costs can add up quickly.
Furthermore, using a recruiting agency can be a time-consuming process. You may need to wait weeks or even months to find the right candidate, and the agency may not have the specific skills or experience you're looking for.
Recruiting agencies can be helpful when looking for higher levels of talent for your company, but you're on their timetable and reliant on them to bring the best candidates to you.
What Is an Employee vs. Independent Contractor?
Another thing to keep in mind when considering employees vs. independent contractors is that costs beyond recruitment and salaries. W-2 employees require more upfront costs to find and hire. They also require more ongoing payroll and overhead costs, including traditional benefits (like healthcare and paid time off), and office space and equipment.
On the other hand, an independent contractor (as most virtual assistants are) is someone who works for themselves and is responsible for their own taxes and benefits. You won't have to pay payroll taxes or provide traditional employee benefits. You also won't have to provide a place for them to work or equipment, like a computer or internet services.
Why Consider a Real Estate Virtual Assistant
Building a team of real estate virtual assistants is a more cost-effective way to add to your workforce with the talent you need for excellent customer service, efficiency, and growth.
Property management virtual assistants and real estate VAs are professionals who work remotely and specialize in tasks related to the real estate industry. They can help with tasks such as administrative work, lead generation, social media management, and more.
Additionally, with the right virtual assistant solution, you won't pay high recruiter fees to assemble your team. You also won't have to wait for someone else to bring candidates to you. Choosing a virtual contractor through the right platform means you can find the talent you need faster and at a much lower cost.
The Benefits of Using VPM Solutions
When it comes to finding experienced virtual assistants for real estate, using VPM Solutions can save you time and money. VPM Solutions delivers thousands of virtual team members with the skills and certifications real estate professionals are looking for. Plus, you don't have to pay any platform fees to use it!
With VPM Solutions, you can post a job, fine-tune your candidate list, talk with potential VAs, and choose the best one in a matter of hours, not days or weeks. You don't have to wait on a recruiter to find potential new hires or pay them a percentage of a new employee's salary to build your team.
We Provide Free Real Estate Virtual Assistant Training
Real estate professionals and property managers also save time and money when choosing industry-trained VAs through VPM Solutions. We provide free real estate virtual assistant training through our VPM Academy.
When searching for the ideal candidates for a job role, companies can search by the certifications they want their remote assistants to have, reducing the time spent to find the talent they need. Companies also benefit from VAs with the training they need to ramp up quickly and contribute meaningful work to the bottom line.
Compare the Costs of Choosing a Real Estate Virtual Assistant
Recruiting agencies can be a costly and time-consuming way to build your real estate team. Instead, consider choosing a real estate virtual assistant through VPM Solutions. Our platform connects you with thousands of skilled VAs, and you don't have to pay any platform or "recruiting" fees.
To help you see how much you could save by building a team of virtual contractors vs. employees, we built a Financial Impact Calculator for companies. Click the button below to gain free access, then compare costs by inputting your numbers into the calculator.