Successful business needs some elements to be in without which a business can’t survive. When you start a business it needs some investment, tools and technology and the major part of the business that is the human resource. It includes all the employees working in different departments of the organization. Human resource is the most important part of every organization. With the passage of time the need of having more human resource is decreasing and this is just because of the reason that we are moving towards the e-business. E-business includes the online work and some organizations prefer to complete their work from some online sources so this has changed the hiring process.

The mobility of businesses towards online system is increasing day by day; it includes transferring the whole business setup as an online business or to transfer a part of business to get it done from any other online company. Companies are moving toward virtual businesses not only to save the time but also to reduce the cost that would surely be occurred in hiring new employees. To avoid the long and costly process of hiring most of the companies tends to be online. The hiring process becomes most urgent when any company finds big projects that need a huge number of employees to complete it on time, not only to get profit but to maintain their credibility in the market. In this situation the company can hire their in-house employees for some time as part time workers on additional pay. But the company has to think differently if employees show no interest in working as part time workers.

To shed down the load of extra work, management can hire a third party. Work can be assigned to any one, either to a physical company or the virtual one, depending upon the reliability in satisfaction of needs. Managed service provider is the name used for third party providing service. The managed service provider serves various companies at a time and manages their work properly in addition to earn income. They charge the served companies on the basis of monthly schedules. Their income is based on the tasks assigned by different companies in order to provide the service to them

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 services provided by managed service providers are supplied at lower cost as compared to the cost involved in the hiring of new employees so they are already trained people who are providing us this IT related services. This is very effective way to reduce the cost and time. This step towards the third party is taken mostly by modern companies.

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.

Though some companies still feel convenient with the traditional methods but a majority of them are increasing their outputs by reducing their costs and managing the work quicker. Consequently it seems very clear that in future not a single company will have its own IT department and they will feel secure and cost efficient in taking the services of the managed service provider.