What is Outsourcing?
Outsourcing refers to the business process of hiring outside parties to perform non-core functions and services that used to be done by the company's staff.
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Outsourcing definition
Outsourcing refers to the business process of hiring outside parties to perform non-core functions and services that used to be done by the company's staff.
Companies usually outsource services such as payroll, benefits administration or manufacturing.
It's a cost-effective measure done so that the company can focus on what it does best.