Businesses often outsource specialized business services to help them focus on their core business objectives. Such services can be a variety of things, from marketing and production to information technology and management. Some are more technical than others, but they all work to free up an organization’s time and focus on its core mission. Some common examples include information technology audits, service catalog updates, and employee self-service portals.
The BLS ranks administrative and support services among the fastest-growing industries, with an average annual growth rate of 3.4 percent. This growth rate is higher than the average for all industries, and it shows that the number of businesses that provide these services has continued to grow. However, it should be noted that these services may not result in tangible products.
In addition to the services mentioned above, many businesses may also require other services, including pest control, building maintenance, and tech support. These services can be very important to a business, not just because they provide a solution for a technological problem, but because they help to maintain an effective workflow and ensure safety for employees.
Some companies may also provide services that make employee life easier and help them meet regulatory requirements. They may contract with delivery services to deliver products to offices, or use childcare services to help employees balance their lives. Real estate agents can also help businesses find commercial properties and negotiate leases. Some companies even hire childcare providers to operate their own in-office daycares. These services allow companies to focus on customer-facing activities and free up business units to perform other business functions.