There are many factors necessary for a successful business like a proper infrastructure, investment and the most important is human resource. This is the necessary element of any kind of business either new or old. HR is the equity of every business but the upcoming technologies and the modernism is going to change the way of hiring and selection of the human resource. Human resource plays an important role without which you cannot run the business properly.

Hiring process in every organization varies according to their rules and regulation and also depending on the type of work they have in their organization. This process is very expansive and as we are living in a global era so everyone is moving towards online businesses for which they need resources to do their work online. This is because online businesses are easy to handle, they do not require any this type of selection and this process is cost effective and time consuming too. In manual selection or hiring there are many factors to check like short listing, interviews and trainings while online method is easy and quick. The problem in manual selection is that when a company has a large project and they have to do it in a very short period of time then they look for the most reliable human resource rather they hire new people so they go for the option to work for part time if the employees get ready then they start working if not then the company think about the new hiring process for the business requirement.

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

IT related problems and needs that are satisfied by the virtual service providers include the old data storage, maintaining the new data, their strong web presence by maintenance of web sites, building strong customer satisfaction features, logo designing and many more same kind of assistance services.

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.

Some positive points of managed services provider make it preferable over the recruitment of new employees. The companies facing the hurdles of money and space shortage problems usually do not want to make separate IT departments and can avail the virtual IT services from the managed services provider. Another advantage is of minimization of cost and saving of enough time to complete the work instead of hiring and training of the work force. Service provider run a whole broader system that can provide the thorough information and guidance related to each and every issue, but the one or two employees cannot manage that alone. A psychological need of managed service provider can provide better results for you i.e. they have to provide best services in order to retain their customers.

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.