Jobs in the Business Services Sector
The Business services sector includes a wide range of sub-sectors that support other sectors by offering professional expertise, knowledge and skills. These services enable companies to focus on their core businesses, reduce operational costs and enhance competitiveness. In addition, they can also enhance the value of goods and services by adding new features or providing additional products or services.
Many of the tasks associated with Business services are specialized and highly skilled, and demand for workers in this sector is expected to increase in the years to come as the global economy recovers from recession. As a result, wages in this sector are relatively high compared to other sectors.
While not every job in this sector requires a bachelor’s degree, some positions may require specialized degrees in the fields of IT, marketing, finance, or human resources. Those who are able to develop strong interpersonal communication and critical thinking skills can find opportunities in this sector. The industry is also characterized by its high level of scalability, which allows for companies to adjust the scope of their business services as needed.
The industry’s workforce comprises about 2.1 million people, with employment levels expected to return to pre-recession levels in 2021. While this industry has a low unemployment rate, competition for jobs is intense and it can be difficult to attract and retain talent. As a result, it’s important to provide employees with attractive compensation and benefits packages that will help to attract and retain talent.
Companies in this sector offer a variety of Business services, including consulting, legal, tax, and IT. These providers can help companies with a wide range of business needs, such as assisting with mergers and acquisitions, developing business strategy, and creating employee training programs. In addition, they can help companies improve their customer experience through business intelligence and analytics.
These professionals are often found working in a variety of settings, from hospitals to law firms to corporate offices. Some are self-employed freelancers, and the flexibility offered by these jobs can be appealing for those who want to work from home or another location that offers good internet connectivity.
In terms of workplace safety, the industry has a lower than average rate of occupational accidents and illnesses per 100 full-time employees. However, it’s important for employees to follow company policies regarding workplace safety and to take regular breaks from their duties.
Companies that outsource their Business services are typically looking to cut costs, free up time, and gain access to expertise that would otherwise be unavailable internally. In addition, outsourcing can allow them to scale their business services as needed. For example, Dropbox outsourced several key functions during its early days and benefited from being able to rely on experienced service providers. When selecting a service provider, it’s important to read reviews, ask for recommendations, and check their credentials. Online platforms such as Clutch and Upwork can help with this process. Companies should also consider whether they have the right infrastructure in place to manage and track service requests.