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.

As the businesses are becoming more virtual or online day by day so some employers are also moving towards getting some part of their businesses done from online sources or from the third party. The major reason of doing this thing is to cut the cost in a way that it couldn’t affect the profitability and operations of business. As we all knows very well that companies usually have to invest a huge amount in hiring process. The hiring includes time consuming processes from short listing among the huge number of candidates to their test, interviews, hiring and finally their training. So it wastes lots of time, energies and cost too. The main problem comes when the company gets the big project for once and it has to complete it in a limited time period. At that time companies used to look at the most reliable and cost effective way rather than hiring new people and trained them. The one option that could be taken in this regard is to ask the employees that either they are able to serve the company as part time workers or not. If the workers get agreed to the management’s proposal then it would be the best option for management rather than hiring new staff. But if the workers don’t want to avail that opportunity then the management has to think something different to meet their 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.

Managed services provider majorly provides IT related services like technical assistance for any business, maintenance of their old data and making their backups, providence of full fledge security protection for their computer systems, designing and maintaining their websites, designing their logos for different products, server management, maintenance of customer's records, who have visited the website and found any query regarding any product, and lots of other IT related assistance.

Having enough expertise in the related area, these service providers are becoming the IT departments of some companies, as this leads the companies to minimize the costs of making its own IT department. Hence companies hired them as their IT department to mange whole IT needs efficiently.

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.

Although some companies still prefer to have in-house IT departments but most of them are moving towards getting the third party’s services to make their outputs quicker and cheaper. By looking its advantages it could be said easily that in future there will be very difficult to find even a single company that has their own IT department in their setup.