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.

Hiring process in every organization varies according to their rules and regulation and also depending on the type of work they have in their organization. This process is very expansive and as we are living in a global era so everyone is moving towards online businesses for which they need resources to do their work online. This is because online businesses are easy to handle, they do not require any this type of selection and this process is cost effective and time consuming too. In manual selection or hiring there are many factors to check like short listing, interviews and trainings while online method is easy and quick. The problem in manual selection is that when a company has a large project and they have to do it in a very short period of time then they look for the most reliable human resource rather they hire new people so they go for the option to work for part time if the employees get ready then they start working if not then the company think about the new hiring process for the business requirement.

Now a day the most commonly used way for getting the extra work done is giving the responsibilities to the third party. That third party could be an online company or any real one. That third party is usually known as a managed services provider. Managed services provider works as a third party for other companies, they usually works with lots of companies at a single time to maintain their business as well as to get profit. Managed services provider mainly works on monthly packages and they get the monthly charges from the companies, to which they used to provide their services. More precisely we can say that they generate their income and profit from getting projects from other companies by providing their services in return.

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.

The cost of hiring IT personnel’s could be minimized by acquiring the services of managed service provider. The companies who are working as managed service provider always has a large number of IT specialists who have full command over their work, so they can work for any company in an efficient manner to produce their profits at reduced 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.

From the above benefits it is shown that this is a good concept for all type of businesses, either any company follows it or not, and it seems to have growth in near future.