Business services refer to a wide range of activities that assist business enterprises yet do not render a physical product. Some of the most important ones include information technology services, training and software services, marketing services, communication and insurance services. These services are aimed at helping companies to grow and stay competitive by offering customized solutions to their clients.
The service-based business model is very different from the product-based one. Product-based businesses need to invest heavily in designing and introducing new products to the market. They need to select the best possible materials and continuously work on improving their products in order to increase the market value of the goods they sell. Service-based businesses, on the other hand, need to spend less money because they don’t have to produce any physical items. This means that they can concentrate more on the specific needs of their clients and offer them a personalized experience.
Besides a competitive salary, business services professionals also enjoy pretty sweet benefits. According to the Bureau of Labor Statistics (BLS), employers in professional and business services provide their employees with access to paid vacations, medical care, and other perks. In addition to that, the BLS reports that these sectors are growing faster than other occupations. Therefore, it is safe to say that business services are a good career choice for fresh graduates.
As a result of the rapid development of the industry, many startups have emerged with ideas and solutions for companies to outsource their non-core functions. This is a great way to save time and resources while increasing the efficiency of your company. Additionally, digitalization has allowed for more and more services to be provided through online platforms or systems, so it’s worth considering a change in your business strategy if you want to remain competitive.
The government sector is another major area of employment in business services. The BLS reports that the sector employs about 5 million people in the US. Moreover, the government sector offers good benefits and opportunities for advancement. The government provides various business services, such as financial and accounting, legal, property management, and marketing services. In addition, the government provides administrative support services for agencies through the Business Services Center.
The BSC works to increase efficiencies and reduce costs for state agencies by centralizing transactional Human Resource and Finance processes. The BSC is led by a team of dedicated employees focused on providing excellent customer service to its customers. Its teams are tasked with managing the onboarding and training of new BSC staff, serving as liaisons between the BSC and customer agencies, ensuring that the BSC is working towards its metric-based performance goals, and assisting agency employees with financial and HR issues. In addition, the BSC supports agency initiatives and programs through its IT services.