You know you could use some help, but is the return on investment (ROI) worth the expense of hiring an assistant? An executive assistant (EA), if they’re highly skilled and attuned to your needs and work habits, can be more than an extra set of hands. Executive assistant support can be your superpower. Your EA handles lower-level duties and helps you organize your time and efforts, letting you focus on strategic plans and higher-level responsibilities. An EA can have a significant impact on your business.
C-Suite Assistants partners with executives and business owners, providing custom-tailored executive assistant recruiting services to help you free up your schedule and achieve your business goals.
The Value and ROI of an Executive Assistant
How can an executive assistant add value to a company? An EA can boost productivity by streamlining daily operations, managing schedules, and handling administrative duties. They solve problems, support decision-making, and foster a positive work environment. An EA improves the follow-through and completion of projects and keeps all the balls in the air, speeding up project timelines and allowing the executive to focus on strategic initiatives.
What is the dollar value of an executive assistant? To quantify the EA’s worth and determine the ROI, first estimate how many hours the executive saves weekly due to EA support. Multiply this by the value of their time, such as their hourly wage, to calculate the money saved. Compare this to the EA’s weekly salary. Consider a top-level executive assistant who earns $100,000 annually and the $500,000 yearly income of the founder or CEO. In this case, if the EA helps the executive to be 20% more efficient, this justifies the salary cost.
Another way to measure ROI is to determine the executive’s increased productivity and company profitability that resulted from EA support. To accurately measure this, you can use KPIs (key performance indicators) like revenue generation, client satisfaction metrics, or project completion rates. Consider the positive outcomes. Was the executive able to negotiate and close an important deal? Did they generate new business, join forces with a vital business partner, bring a new product to market, or develop better processes to increase efficiency and save money? These types of activities require considerable time and focus.
An even more interesting way to look at the ROI of an EA is to understand the cost of interruptions. The cost of interruptions to productivity has been studied and documented over and over. A good EA minimizes interruptions for her executive. Interruptions create stress, reduce productivity significantly and cost money.
Why Hire an Executive Assistant
An executive or business owner must handle many diverse tasks. Wearing many different hats in the business can spread your efforts thin and lead to uncompleted projects, abandoned initiatives, reduced productivity, and burnout.
An executive assistant can:
Handle Lower-Level Tasks
An assistant can answer and forward calls, filter and respond to email correspondence, schedule meetings, manage schedules, book business and personal travel, keep track of business expenses, and much more. But this is just the beginning.
Provide Synergy Between Departments
Your EA can act as a liaison between you and your team, alerting you to potential problems and facilitating inter-department communication. This central overseer creates synergy between marketing, sales, operations, administrative, and other departments, boosting efficiency.
Enables Scalability
Are you prepared to handle more customers and keep everything moving smoothly as your business grows? An executive assistant can take up the slack, which is ideal for a startup founder or entrepreneur. As the business evolves, so do the responsibilities of an executive as well as the responsibilities of their EA
Improve Work-Life Balance
Are you constantly working, with no time for your personal life? With a discreet and trustworthy assistant to oversee business affairs for you, you can be successful without having to work around the clock.
Improve Productivity
An EA can determine priorities, manage your schedule, streamline processes, and personalize their work to fit your needs. They’ll free up your time and mental energy so you can stay focused on managing the more complex aspects of your business. Executive assistant support can minimize miscommunication and operational missteps for greater productivity.
Create a Strong Company Culture
An executive assistant enhances company culture by acting as a bridge between leadership and employees. They can organize team-building activities and promote a positive, supportive atmosphere. An EA can build team morale and onboard new employees.
Enhance Accessibility
An EA helps make an executive more accessible by prioritizing communications to the people that matter most. The assistant plays the gatekeeper role, screening calls, emails, and messages, determining which require immediate attention. They decrease interruptions so the executive can focus on the big picture and ensure that top stakeholders connect quickly.
The ideal core values of an executive assistant are resourcefulness, proactivity, independent thinking, and innovation.
Get the Biggest ROI When Hiring an EA for Your Company
Should I hire an executive assistant for my business? If you need an organizational wizard who can take over many duties that keep you from higher-level work and enjoying a work-life balance, the answer is yes! An EA on the team provides immense value for the executive and the organization.
Who you choose as an EA is essential. You can cobble together a job description, sift through many candidates, and go at it alone—or you can receive valuable hiring assistance and find the perfect EA quickly by partnering with C-Suite Assistants.
C-Suite Assistants is the leading recruiter for professional executive assistants. Our nationwide network of pre-vetted executive assistants includes passive candidates who may be already working in your industry but are open to a new opportunity. This access to top candidates and our recruiting expertise gives you a significant edge.
Hire only the best with C-Suite Assistants. Our premier recruiting agency understands the tasks, line of work, and assistance you need while expediting the hiring process to secure the right executive assistant as soon as possible. Get in touch with our recruiting team today, and we’ll provide you with more information on finding the perfect candidate.
