Will Humphreys and a cohost argue for paying virtual assistants 2-3x typical rates. They say higher wages trigger emotional reactions from hires, boost commitment and work ethic, and saved their company $250,000 annually while improving results.
Chapters
These team members of theirs, they are a part of the family of that partner.
I don't think they realize that. Well, I mean, a lot of companies that are paying their people three to five dollars an hour, they're helping. They're not really bringing them out of poverty. When we're two to three times that, these people cry when they get hired. It is such a big deal that this company, they saved a quarter of a million dollars of profit, by the way. That's profit in the owner's pocket per year for better results. But when you ask this individual, that's not what they care about. I mean, from a business perspective, they're like, yeah, that's logical. But what they love is the fact that the VAs that they're hiring, they're changing those lives in a dramatic way. And then the thing that I've heard from multiple people as well is they love how like people show up to work like it is life changing money. And it rises the tide of commitment and work ethic across the company with Americans and Filipinos.