Business services are a large industry and a significant part of the economy. These intangible services help companies maintain operations despite not delivering a tangible commodity, and many of them are essential for the functioning of numerous industries. Examples of these intangible services include information technology, banking and insurance.
These types of businesses offer a variety of options to clients, and they often serve the needs of both consumers and corporations. Companies might hire a company to help with marketing, human resources, or financial consulting, for instance. Some of these businesses also provide office space and supplies, catering, cleaning, and waste management services.
A company might require professional assistance to manage an in-house project, such as a construction or renovation. These firms can help manage the project with a team of experienced workers, ensuring that it is completed on time and within budget. They can even provide their own equipment, which reduces the need for the company to buy or rent pricy construction tools.
Another example of a business service is an employee wellness program. These companies might host in-office day cares to help employees maintain a work-life balance, or they may arrange for fitness classes and transportation.
The professional and business services supersector is one of the largest in the United States. It includes many different sectors, including legal services, employment, accounting, and marketing. Some jobs in the industry require only a high school diploma or GED certificate, while others require a bachelor’s degree.