What is Outsourcing?

Whether you're a beginner or an expert, you will find this Glossary useful.

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.

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 service such as payroll, benefits administration or manufacturing.

It's a cost effective mesure done so that the company can focus on what it does best.



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