Business services are a broad range of tasks and activities that help businesses maintain their operations, even though they don’t result in a tangible product. They can include things like a software service that upgrades applications, or a company that provides employee training.
A good example of a business service is that of an IT consultant who develops software for an organization based on a contract, instead of creating the software in-house. This helps companies cut costs and free up internal resources.
Another common type of service is a consulting firm that helps businesses with their financial and accounting needs. These companies typically have a team of experts who provide professional advice and guidance to clients.
They are often used to help small or mid-sized businesses with their finances and operations. They also work with large corporations to help them achieve goals and improve their performance.
Business services may be the right career for you if you’re looking to make a difference and want to work in an industry that offers great opportunities for advancement. However, you should consider whether you have the necessary skills and experience to thrive in this field.
Employment in business services is expected to grow 2.1% annually through 2030, according to the U.S. Bureau of Labor Statistics.
The industry is part of the service-providing industries supersector. This sector includes businesses that provide a variety of services to customers across all sectors of the economy.
It is the responsibility of the industry to ensure that its employees have a safe and secure workplace. It also ensures that workers receive fair wages and benefits, including medical care, pensions, retirement, disability, and life insurance.
Some of the biggest companies in this industry, such as ADP, Allegis Group, and ManpowerGroup, are headquartered in the US. They serve clients worldwide.
The European Union (EU) currently has a number of legislation and policy initiatives to stimulate the growth of this sector. These include the EU Services DirectiveEN***, which allows businesses to more easily establish in other EU countries or to offer services across borders.
There are a number of career paths in this industry, ranging from entry-level positions to senior leadership roles. Generally speaking, most business services jobs require a bachelor’s degree and a working knowledge of the field.
In some cases, a master’s degree is required for some positions. Moreover, many business services jobs require a strong understanding of math and computer science.
Lastly, the industry is in need of workers who are willing to work long hours and on tight deadlines. Some of these jobs can be stressful and demanding, so it is important to have a good work-life balance.
The industry’s members are active in helping to create new jobs, retrain and train current staff, and provide business assistance to communities in New York City. This includes resolving issues with city agencies, accessing financing and incentives, bidding on government contracts, and hiring and training workers.