Almost every business needs some form of a business service to operate efficiently. These include banking, insurance, warehousing, transportation, communication and other services that provide support to a company’s main activities. The term business services is also applied to any industry that provides professional advice or expertise in a particular field such as legal services or marketing.
Companies often outsource their business services to reduce costs and focus on the core aspects of their businesses. Business services can be provided by outside contractors, temporary staff or employees hired specifically for that purpose. Companies may also contract with businesses that specialize in a particular aspect of a business service such as IT or accounting.
The business services industry is comprised of a wide range of industries and professions, encompassing everything from IT support to office cleaning to logistics management. Careers in this industry offer a lot of variety, and are typically a great fit for people with interpersonal skills and a knack for problem solving. Some jobs in this field require no more than a high school diploma, GED or vocational certificate, while others can demand a bachelor’s degree and even a master’s degree in some fields.
Businesses hire business services providers to perform tasks that they don’t have the time or resources to do on their own. The types of tasks that are outsourced can include anything from creating marketing strategies to designing new computer software programs, analyzing financial reports, or providing onsite defensive computing training. Companies often outsource these functions because they can save money by paying for the services rather than hiring their own employees to perform the task.
Some of the most important business services are those related to finance, shipping and procurement, but there are many other business service sectors that play a vital role in an economy. Other important business services are insurance and workers’ compensation, which help protect businesses from the risk of accidents or injury on the job. This sector also includes services that help companies meet regulatory requirements, including environmental and worker safety regulations.
The most popular sectors for people seeking business services careers are finance, IT and administrative services. Careers in these areas can be lucrative, especially if you have excellent customer service skills. Other highly desirable industries for business services professionals include transportation and warehousing, manufacturing, advertising, media and education.
Some of the most popular jobs in this sector are sales managers, account executives and project coordinators. These jobs are considered white-collar, and they typically pay higher salaries than other types of business services jobs. The average salary for a position in the business services sector is $81,000 per year. However, there are many specialized business services careers that pay much more than this, such as project management and business consulting. These positions typically have a higher salary and also come with the benefit of having more flexible schedules. This can make them more attractive to people with children or other family commitments.