How Expensive is Managed IT Companies vs. In-House IT?

The decision between managing IT in-house or hiring a managed IT service provider can be a difficult one. On the one hand, you may not have the resources to manage your own systems and require outside help. On the other hand, you may want to maintain control of all aspects of your business operations by doing it yourself.

The truth is that both options come with their own set of pros and cons, making it hard to determine which is best for your company’s needs. To make this determination easier, let’s take a look at how expensive each option can be compared to one another.

What is In-House IT?

In-house IT management involves having an in-house staff to manage all of the IT needs of a company. This could include a wide variety of duties, such as setting up and maintaining networks, providing user support, installing software, and overseeing cyber security.

What is Managed IT?

Managed IT services offer companies the ability to outsource their IT needs. This solution provides a team of experts who can take care of all IT-related duties, from setting up networks and troubleshooting tech issues to providing security solutions and monitoring systems.

Cost Comparison

Comparing the cost between in-house IT and managed IT services can be tricky since there are so many variables involved. Below, we’ll look at a few aspects that can help you determine which option is best for your budget.

The Cost of In-House IT:

When you opt to manage IT in-house, your costs will primarily come from hiring and maintaining employees. This means that you must not only pay salaries for the team but also factor in any associated taxes, benefits, and equipment costs. Depending on the size of your company and its needs, these costs can quickly add up to quite a large sum.

The Cost of Managed IT Companies:

Hiring a managed IT provider can also be expensive, but often to a lesser degree than managing an in-house team. These companies typically charge monthly subscription fees that cover all of the services they provide, including data backups, hardware repairs, and software updates. This means you won’t have to pay salaries, benefits, or taxes for an in-house team.

The cost of a managed IT company will depend on the services you need and the size of your business. Smaller companies may find that they receive better value from using these providers than larger ones, as they can take advantage of their economies of scale.

Which is Best For Your Business?

Ultimately, it’s up to you and your business’s individual needs and budget when it comes to deciding whether in-house IT or a managed service provider is the best solution for you. Carefully consider all aspects of each option to make an informed decision about which will give you the most value.

No matter what your choice, it is important to remember that both in-house IT and managed service providers can offer quality services that will help keep your business running smoothly. All you need to do is identify which one best fits within the scope of your company’s needs and budget.