There are many factors necessary for a successful business like a proper infrastructure, investment and the most important is human resource. This is the necessary element of any kind of business either new or old. HR is the equity of every business but the upcoming technologies and the modernism is going to change the way of hiring and selection of the human resource. Human resource plays an important role without which you cannot run the business properly.

As the businesses are becoming more virtual or online day by day so some employers are also moving towards getting some part of their businesses done from online sources or from the third party. The major reason of doing this thing is to cut the cost in a way that it couldn’t affect the profitability and operations of business. As we all knows very well that companies usually have to invest a huge amount in hiring process. The hiring includes time consuming processes from short listing among the huge number of candidates to their test, interviews, hiring and finally their training. So it wastes lots of time, energies and cost too. The main problem comes when the company gets the big project for once and it has to complete it in a limited time period. At that time companies used to look at the most reliable and cost effective way rather than hiring new people and trained them. The one option that could be taken in this regard is to ask the employees that either they are able to serve the company as part time workers or not. If the workers get agreed to the management’s proposal then it would be the best option for management rather than hiring new staff. But if the workers don’t want to avail that opportunity then the management has to think something different to meet their business requirement.

As there is a trend of online companies who are taking the responsibilities of doing your work as the third party so they are called the managed service providers. Their work is to work with many companies simultaneously and they get profit of it. They charge the companies for the work they do on monthly basis. Their basic work is to get the projects and earn money and profits.

The basic work of managed service providers includes the maintenance of the old data, keeping the backups and the IT related services like security protections, web designing etc. There are a lot of work related to IT and they work for different companies at a time.

Companies realized after analysis of expenses incurred by company’s IT department and the outer service that the costs are minimized in hiring the services from outside. Hiring them as the IT department save the company from unnecessary wastage of time and cost

There are many pros of having managed service providers and one of the most important benefit is that the companies who can’t afford or have the time and space constraints to have some new setup for the IT department they usually get the benefit of it. Then this is very cost effective process. This can provide all sort of solutions related to IT department.

Though some companies still feel convenient with the traditional methods but a majority of them are increasing their outputs by reducing their costs and managing the work quicker. Consequently it seems very clear that in future not a single company will have its own IT department and they will feel secure and cost efficient in taking the services of the managed service provider.