Business Insider By Brian PhelanA few weeks ago, we wrote about the rise of the “virtual job-shadowing” business, which was a term coined to describe the practice of hiring an outsourced digital adviser to help you fill a job vacancy on the spot.
Now, in a new study, researchers from Cornell University and the University of New Hampshire say they’ve found that these outsourced advisers are actually the best thing about the practice: they’re cheaper, faster, and more efficient than traditional hiring.
In their new study published in the Journal of Applied Behavioral Science, the researchers asked 250 prospective job seekers to fill out an online job application, then paid $1,000 each for the adviser they hired.
They also asked the candidates to rate their ability to fill the position on a 10-point scale from 1 (no experience needed) to 5 (need more than two years of experience).
They then looked at whether the adviser was able to fill a vacancy on a daily basis over the course of a year, and also to see if they were able to hire a job seeker with a similar background.
The study found that the average adviser could do a job search in a day, but that they could get a job every six weeks for about $100 a day.
For comparison, the average job search can cost between $1 and $1.50 an hour in the US.
The researchers also looked at the cost of the adviser to the job seeker.
The average adviser paid $200 for the job, and a job searcher pays about $200 a day for an adviser, the study found.
While the researchers couldn’t determine if the advisers were really cheaper, the cost per hour per adviser was about $1 less than the typical job search, or $2.80 per hour, the equivalent of what the average household spends per month, the report found.
The report also noted that the rate of return on investment for a virtual adviser is also higher than the average human hire.
In the study, virtual job hunters were about $40 cheaper than their counterparts.
The results are similar when it comes to the actual cost of a job.
In other words, the adviser is more efficient when compared to hiring a human, the research found.