Has your business been steadily growing and now you feel crazy overwhelmed with trying to keep with IT or managing your business’s database? It can be tough financially to bring someone on with full benefits and a competitive salary. Extra taxes, equipment, and training costs can also add up, especially if you see the need to hire a few people. Even recruiting can be expensive — who knew??–companies spend around $3,500 on each candidate they recruit. Luckily for you, there’s an easy solution! It’s called a managed service provider that can help with the workforce management system, vendor management software, and other management solutions.
Wait Back Up. Can You Explain What A Managed Service Provider Is Exactly?
A managed service provider at its most basic function is another company that handles your IT remotely. They monitor the system and offer solutions to any issues you may have with the IT systems. Other managedd service providers can also sometimes provide HR services, like finding a contingent workforce or freelance talent. Almost 90% of firms today rely on freelance work to run smoothly, so this is another option you might want to consider, especially if your business fluctuates heavily depending on the season and you only need part-time help some of the year.
Well, Okay. But Is Hiring A Company To Help Run My Company Bad?
Not at all! Many businesses are co-dependent on each other. Just because you’re specialized in one area doesn’t mean you’ll know everything! And if you have a particularly complex database or system that you use, there are bound to be glitches and things that go wrong every now and then. You want experienced professionals to be able to come in and fix the problem as soon as possible, so you can get back to your work.
It also saves you revenue that you can pour into other channels. Most managed service providers (MSPs) charge a flat fee, instead of billing you every time you use them. In addition, it means you don’t have to hire specialized IT guys or go to the trouble of looking for them. They also will already be familiarized with your system and be able to get to the heart of the problem much faster.
Hiring an MSP can also help your security, because it’s being constantly monitored. Anything that goes wrong will be picked up and fixed without much delay. You also always have someone to call if you think something isn’t working properly.
Lastly, an MSP can often help solve a lot of your human resources issues. If you need contracting work done or freelancing work, MSPs can reach out to people for you. In some cases, the person may work for you through them, which means you don’t have to deal with the taxes or worry about adding them to the benefits plan. They may very well receive that through the MSP who hired them.
If you’re a small or medium sized business, using a managed service provider may be the perfect option for you. Talk to a consultant today to find out if it’s the right choice for your business.