Outsourcing 2
Outsourcing 2 : Outsourcing is the process in which a company delegates some of its in-house operations/processes to a third party. Outsourcing is different from contracting. In contracting, generally the ownership or control of the operation/process being contracted lies with the parent company, whereas in outsourcing the control of the process is with the third party and not with the parent company. In a HR context, a contractual agreement between an employer and an external third party provider whereby the employer transfers responsibility and management for certain HR, benefit or training related functions or services to the external provider
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