As your business grows, managing costs becomes increasingly critical. While it’s tempting to cut corners to drive down expenses, certain areas, such as IT support, require careful consideration. Although having in-house IT resources to manage your company’s technology needs seems like an ideal solution, it is often beyond the financial reach of many businesses.

The average national salary for IT professionals sits around $50,000 per year. However, this figure doesn’t account for the additional costs of recruitment, training, turnover, and benefits. Beyond these immediate expenses, maintaining a competent in-house IT team involves continuous investment in staff development and expansion as your business grows. The challenge doesn’t stop there; high rates of staff turnover compound these costs further. According to a report by Accounting Principals and Ajilon, over a quarter (25.7%) of employees are actively seeking new job opportunities, and more than half (55.5%) are passively open to new offers. This turnover not only disrupts workflow but also incurs significant costs in terms of rehiring and training new staff.

Given these factors, IT expenses can quickly spiral out of control. However, outsourcing your IT support can provide a balanced solution, offering controlled budgeting and reliable service. Hiring a Managed IT Service Provider to handle your IT needs has shown to reduce IT costs by up to 40%. This approach ensures you receive expert support without the overhead of maintaining an in-house team.