I see this topic come up alot in the forums. It’s about as controversial as religion or politics, at times. Which is slightly retarded. So let’s have a mini education class on hiring/outsourcing people from other countries. More specifically – the Philippines.
First, let’s talk about currency conversion. You have to understand that when you post an ad on oDesk or eLance, they speak to you only in U.S. Currencies. When you see someone who has responded to your job posting, and is offering to do the job for $2.00 per hour, it’s U.S. currency. When that is converted to Foreign Currency, it’s not equivalent to what you’re thinking in YOUR head. Go ahead and try it now. Do a currency conversion from Philippine Pesos to U.S. Dollars.
1. Go to Google and Enter “convert us dollars to philippines pesos”
2. Enter 1 (in the U.S.) Section
It will automatically covert the Pesos to 41.09.
Now, to see how that compares to a U.S. dollar, ask Google how much a pack of cigarettes costs in the Philippines. You’ll discover that it costs around 24.50 pesos. in the U.S., a pack of smokes costs about $5. If you compare that to the Peso, you’ll realize that $1 US Dollar paid will spend (in the Philippines) the same way $9 or $10 would in the US.
I just got on Skype and Asked my VA (who is in the Philippines ) if she made decent pay. I pay her $3 per hour, plus $100 Bonus every time we close a deal. I’ll just attach screen shots (with her named scrubbed off) showing you her reply. She’s so cute. I love her.
So to answer the question of “How much should I pay a Virtual Assistant”? The answer lies in the conversion of currency. If you hire an American, you could pay any where from $10 – $20 per hour (anything less than that and you’ll wish you didnt). If you’re outsourcing it to someone in another country (Philippines, Sri Lanka, Russia, India), then do a little research about their culture, their currency, and their wages. Pay them a fair rate. Always strive for win-win situations.
To enrich your business, sometimes you must enrich yourself with knowledge. I’m sure there will be comments left regarding hiring someone overseas when all of the “American” people are out of work. I’m ready for your comments. I have lots of cheese to give out with your whine.