Business services are activities that provide value to customers, clients or employers. These activities include the delivery of human, information technology (IT), financial, consulting and marketing services. They support businesses by enabling them to achieve their objectives and remain competitive.
The business service industry is a subset of the service-providing industries supersector. This sector includes all industries that provide business-related activities. This category is important to the economy because it accounts for a large portion of employment and a significant share of GDP. It also plays a vital role in the overall service economy, which consists of all the non-traded activities that make up the global supply chain.
As the name suggests, business services are an essential component of any organization. They help businesses save time and money, improve productivity, and stay competitive. They are also a critical part of the global economy and can be found in every industry, from retail to finance to manufacturing. Business services are a critical part of a company’s infrastructure, and the more they are utilized, the better a business can operate.
Many jobs in business services are remote, which means employees can work from home or another location that has a reliable internet connection. This makes these careers a good option for people who don’t want to commute or for those with family responsibilities. However, these positions still require a strong work ethic and customer service skills.
Some of the most common career paths in business services are technical, managerial and professional. Technical roles can be as simple as customer support or janitorial, but can also involve computer engineering or software development. Managerial and professional roles typically require a bachelor’s degree in the relevant field.
A service business can be more profitable than a product-based one, but it’s important to have a compelling offering that’s differentiated from competitors. A strong branding strategy is also necessary, as are creative ways to deliver a service at an affordable cost. The service must be scalable, and management must be able to hire the right employees for the job.
Whether you’re working in a large corporation or running your own startup, business services are essential to your success. Learn how to build a robust business service model that can scale and drive growth for your business.
The tables below provide data relating to employment and unemployment in the business services industry. This data includes information on the number of full-time and part-time workers in the industry, job openings and labor turnover, average wages and salaries, union membership and representation, gross job gains and losses, and projections of occupational employment change.
This page displays a list of all services available in SL1. You can use the filter options to narrow down your search, and you can select a service to add it to the Favorite Services page — this will display it at the top of the Business Services list by default. You can also create a custom Business Services dashboard that contains your favorite services by clicking the dashboard icon in the upper-right corner of this page.