Businesses Increasingly Turning to Virtual Employees to Weather Economic Downturn

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WILMINGTON, DE., September 15, 2009 — An increasing number of organizations are using virtual employees, or remote employees, to help them survive the financial and competitive challenges they face in today’s gloomy economy. “Virtual employees are often 3-5 times less expensive than comparable traditional employees, and the potential for virtual employees to help address immediate cost pressures as well as long-term recovery goals is unprecedented”, said Staff Virtual Inc. President and CEO, Ike Stranathan.

Many organizations that are not using virtual employees are moving aggressively to outsource time consuming, repetitive business processes in order to focus on their core business. Beyond the drivers of efficiency and cost, however, many organizations reeling by the economic tumult are accelerating their plans for outsourcing in order to take advantage of the unique scalability of virtual staff. Because of the plethora of skilled virtual labor and absence of long term contracts company managers are finding they can scale their staffing needs, weekly if necessary. “The demand for virtual employees has boomed in recent years in relatively benign economic market conditions, they are likely to become of far greater interest to buyers as economic conditions worsen through 2009”, said Stranathan.

However, the outsourcing industry is not immune to the current economic downturn. Clients are re-evaluating their contracts to improve efficiency and further cut costs. Some organizations are downsizing, others are expanding, acquisition and divestiture will impact many, and still others will cease to exist. However, “only organizations that are diligent about avoiding the pitfalls of cost-focused outsourcing and those that apply business outcome, focused outsourcing will be successful”, said Staff Virtual’s Executive Vice President, Roger Cox.

During the next five to seven years, one thing is certain; a broad cross-section of new clients using virtual employees will emerge. Organizations around the world are rapidly realizing the benefits of using virtual staff to strengthen their businesses, and the economic downturn is accelerating this growth.

About Staff Virtual:
Staff Virtual, Inc. is a leading provider of virtual staffing solutions. Staff Virtual delivers the insight necessary for its clients to make the right decisions, every day. Staff Virtual works with each client to analyze and interpret their virtual staffing needs within the context of their core business. Staff Virtual is headquartered in Delaware, U.S.A., with service offices in the Philippines.

For more information, visit www.staffvirtual.com.

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