To run the business successfully there are lots of things required like investment, equipments, proper setup and last but most important is human resource. Human resource is always taken as the back bone of any business either new or old. Although human resource is always taken as the valuable asset for any company but due to modern technological inventions, new ways of doing businesses are coming every day that has affected the human recourse’s hiring to some extent.

Getting done your business by some outer source is in common practice at present and is due to the online facility given by internet web for being its part. If some part of the business is done by some online source, it will reduce the cost dramatically without compromising the quality and turnover. Recruitment procedure adds high costs to the businesses. The hiring and the training of the individuals for a certain job make the recruitment process hectic and time consuming. It is a costly procedure that leads to the wastage of the production factors and time resource as well. At that time, company needs to find a cost effective solution instead of recruiting and training the new employees. One alternative could be to get the company’s original workers’ willingness for extended job timings and work. If the workers show their consent to the management, it would be profitable for the company in all aspects i.e. the cost minimization, quality building, and standard stability. What if the workers do not show willingness? The company has to find another solution.

Managed service providers are very inn now a day in every kind of businesses. Companies need to reduce their burden so they prefer to share some of their work with any other party, called managed service provider. Managed service provider can be in real or virtual form and it used to work with other companies to share their burdens and to get profits in return on monthly basics.

IT related problems and needs that are satisfied by the virtual service providers include the old data storage, maintaining the new data, their strong web presence by maintenance of web sites, building strong customer satisfaction features, logo designing and many more same kind of assistance services.

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

Some positive points of managed services provider make it preferable over the recruitment of new employees. The companies facing the hurdles of money and space shortage problems usually do not want to make separate IT departments and can avail the virtual IT services from the managed services provider. Another advantage is of minimization of cost and saving of enough time to complete the work instead of hiring and training of the work force. Service provider run a whole broader system that can provide the thorough information and guidance related to each and every issue, but the one or two employees cannot manage that alone. A psychological need of managed service provider can provide better results for you i.e. they have to provide best services in order to retain their customers.

Although some companies still prefer to have in-house IT departments but most of them are moving towards getting the third party’s services to make their outputs quicker and cheaper. By looking its advantages it could be said easily that in future there will be very difficult to find even a single company that has their own IT department in their setup.