Tough times lead many into virtual work world


By: Todd A. Ritter via New Jersey Business News

Michael Hanik used to have 12 employees, a warehouse and trucks to run his medical devices catalog company.

But four years ago, he turned to the internet to look for ways to reduce overhead costs for his Rockville, Md.-based Total Medical Systems. He now has just three employees on the company payroll but as many as 50 contractors working for him, some of them known as “virtual assistants.”

The term, around since the internet became widely available, encompasses anyone who telecommutes and does administrative tasks for other businesses, usually on a contractual basis. Most do tasks such as document preparation, paperwork and accounting. Some have niche areas, such as bilingual translation or creative services.

In the current economy, Jane Weizmann, a senior consultant at Arlington, Va.-based human resources consultant Watson Wyatt, said she’s seeing more businesses with a “part-time cadre or network of people” who telecommute and bring different skill sets to projects as needed.

“It’s a lot less expensive than having resources on staff, sitting on the bench and waiting,” she said.

Full Article: http://bit.ly/92k742

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West Coast Way Consulting Inc. – Helping companies develop virtual workforce strategies http://bit.ly/8DTvzL – Find out how to grow your business instead of your overhead

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