Pros and Cons of having dedicated IT staff in-house:
Having dedicated IT staff means they are 100% committed to your business. They're not splitting their time among numerous clients the way a contracted company might. One of the benefits of having an IT department is that the staff develops a strong understanding of your unique business needs and should be in a good position to manage your short and long term IT requirements. With your own IT staff on payroll, you know you've always got someone available (unless they're out sick or on vacation!) should an emergency or urgent situation present itself.
The primary disadvantage of hiring IT staff is that you'll be paying for their benefits, their training, and a variety of other costs associated with hiring a new employee. Not to mention, you have to pay them the agreed upon salary regardless of how much IT work you end up having, which means you may be overpaying based on workload!
You can choose to outsource your IT needs to a flat rate IT service provider and reduce your monthly and overall costs. Having a virtual IT department lets you focus more on running your business rather than the technology that supports it. You aren't stuck paying employee benefits or other employee costs, and you aren't responsible for making sure the IT team remains up to date with their training and knowledge.
The Bottom Line
It is challenging to find out the right way of looking after your growing IT business needs. However, by thinking strategically about your business' unique IT requirements, you can make sound decisions that further promote its growth and profitability.