Business services are distinct from economic services, but they share a lot of characteristics. They both concern businesses with the building of service systems and delivering value to their customers. Business services workers are both the provider and consumer of these services. They are also responsible for ensuring that all aspects of their businesses are able to serve customers.
Careers in business services
A career in business services is a rewarding and diverse opportunity. It requires an array of skills, including critical thinking, leadership, and the ability to collaborate with others. Careers in business services offer flexible working hours and the ability to work from home. The growth of technology and the COVID-19 pandemic are driving the demand for business services. According to the U.S. Bureau of Labor Statistics, employment in this supersector will increase by 2.1% annually.
If you’re interested in working in this industry, there are many entry-level opportunities available. Most of these positions can be done from home, so they’re great for working parents and people with children. Many businesses are constantly growing and need a wide variety of people to help them meet their goals.
Examples of business services
Businesses offer a variety of services to their clients. These services are usually technical in nature and offer a lot of value for the customers. Some of these services include internet access verification, website hosting, remote backups, and employee self-service systems. These services free up a company’s employees’ time to focus on core business goals. They also make use of information technology and align the company’s IT assets with its goals to maximize profit and efficiency.
Examples of business services include utility services like solar panel installation, real estate services like office and retail space, employee quality of life services like daycare and fitness, and logistics services like transportation, warehousing, and recycling of cardboard. These services are often crucial for the successful operation of a business and their clients.
Impact of business services on economic growth
Recent research has highlighted the positive relationship between the importance of business services to economic growth, and the consequent productivity growth. The study found that the five sectors most important to business services in 1995 and 2013 had above-average productivity growth. The importance of business services to productivity growth was positively correlated with the growth of these sectors’ employment.
Business services are a rapidly expanding sector in many countries, especially in Europe. These services help enterprises improve their efficiency and competitiveness by supporting different business processes. They also help companies reduce costs through economies of scale and specialization. Outsourcing has played an important role in this development.
Stress level of workers in business services
A recent study by Gallup showed that the level of stress among workers in the United States has reached record highs. Of the people surveyed, 44 percent said they had felt stress at work in the previous workday. Further, 60 percent of the people said they were emotionally detached from their work, and 19 percent reported feeling miserable at work. These findings underscore the fact that stress at work is having a negative effect on employee engagement and productivity, and that the United States is home to some of the most stressed workers in the world.
While the nature of work is changing at an exponential rate, the dangers of job stress still pose a real threat to the health of workers and companies. In response, NIOSH has launched a research program that focuses on reducing work-related stress. It also provides educational materials. One such booklet highlights current knowledge on job-related stress and lists steps that employees can take to minimize their stress.