Executive Assistants Or In-House Employees: Which Is Right For You?

The right team for your business can make all the difference in trying to achieve success. One decision a new business might come across is choosing between hiring executive assistants or in-house staff. Let’s see a comprehensive comparison on the similarities, differences, advantages, and disadvantages of both options.

Cost Efficiency

Executive Assistants: Executive assistants can be hired remotely from any part of the world, therefore offering a considerable amount of budget saved. Most are paid only for specific tasks completed, or number of hours worked, eliminating heavy costs such as full time salaries, benefits, and office equipment.

In-house Employee: In-house employees typically require more financial commitment. The resulting expenses are the opposite of executive assistants. One such benefit they can give though is consistent availability, and are visible onsite. However, for smaller and newer businesses, the costs may not be justifiable.

Business Continuity

Executive Assistants: Executive assistants from various geographical locations ensure that when a local disruption occurs, your business stays open. Natural disasters and power interruptions could potentially impact your daily operations.

In-house Employees: Having all your employees in one location means that the entire business is susceptible to any one local disruption in your area. If an unexpected event occurs, you will be forced to suspend your daily operations.

Work Flexibility

Executive Assistants: Executive assistants can be hired on a part-time, full-time, or project basis. You can scale up or down depending on your business needs. This situation is ideal for new businesses that have varying workload.

In-house Employees: In-house Employees are beneficial for long-term projects, but this restricts your business from scaling up or down efficiently due to the difficulty and costs of hiring and letting go of employees.

Communication

Executive Assistants: Executive assistants can communicate and collaborate effectively through modern communication tools such as video conferences, instant messaging, and team management services. However, remote work sometimes creates difficulty when it comes to constant availability and team cohesion.

In-house Employees: In-house Employees tend to build a stronger dynamic due to facing problems face-to-face. There’s also easier communication. This is preferrable for businesses that benefit from in-person interactions.

Interested In Having Your Own Executive Assistant?

If you’re now interested in hiring an executive assistant, feel free to contact us! We’ll help you find the best executive assistant for your business needs. Let us know today!