“The high costs of operating a small business in Germany can be alleviated” says Silvia Shields. Ms. Shields is a professional Virtual Assistant. Her business,
Just A Phone Call Away, may be the answer to any number of cost issues that cause German business owners to lose sleep. And, because she is a German native with over 20 years experience working with German companies, Ms. Shields understands very well the nuances of the laws governing the way businesses operate in the country.
Outsourcing, more commonly known as consulting, is a cost-effective, efficient and proactive solution that has long been used for project management, customer service and subject matter expertise. The same concept is now being successfully applied to the administrative functions every company requires. Virtual Assistance is a growing industry that has benefited from an infusion of highly skilled, expert administrative professionals who understand the need for cost-effective administrative support to small business owners who, before now, could not afford it.
The most recent German Labour Cost Survey1 shows that 74.8% of compensation to employees is the result of gross salaries and wages and only 56.7% of that amount is paid in direct remuneration to those employees. Further, employers are paying social contributions of 24.6% and statutory social security contributions of 13.7%. These labour costs are some of the highest in Europe.
By outsourcing the administrative functions to professionals such as Ms. Shields, companies are better positioned to offset their high labour costs that, particularly for small businesses, could result in a less advantageous position with regard to compliance with Basel II regulations. This solution becomes viable when small businesses reap the rewards of becoming more financially solvent through outsourcing; therefore, receiving a higher ranking with regard to credit worthiness and the ability to generate cash flow to cover all operations.
Ms. Shields benefits her clients by providing administrative and back office accounting support without the burden of governmentally mandated employer taxes, severance packages, health insurance, office space, training or equipment. All of these tasks are performed virtually with the use of the latest technology and regular communications with her clients.
Relief is within reach, and now
Just A Phone Call Away.
References
1 Statistisches Bundesamt Deutschland, 2004. Labour Cost Survey; Detailed Structure of Labour Costs in Industry and the Services Sector in 2004.
2004 Labour Cost Survey.
About the Author: Danielle Taylor is a professional Virtual Assistant and avid writer. She operates
Taylor-Made Virtual Assistance and provides specialized administrative support to authors, chefs, event planners and alternative health professionals.
