Human Resource Outsourcing is when a company employs a third-party company to manage its human resources and administrative functions. To put it another way, HR outsourcing is the practice of getting work that has already been performed by corporate staff from outside sources.
By outsourcing some of the administrative and operational tasks, HR professionals have been able to become more strategic people managers. Offloading several procedures and technology, such as benefits and payroll, is the goal of comprehensive human resource outsourcing.
HR outsourcing helps a company’s cost-cutting and time-saving efforts, as well as giving them a competitive edge in their human resource initiatives and enhancing employee services. HR plays a critical role in the development and execution of organizational strategy.
Also, See: Business Process Outsourcing(BPO)
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