International Association of Engineering and Management Education (IAEME)
Tech & Work
Outsourcing is the process of getting services or products from an outside service provider with a view to cut the costs, to avail capabilities which are not available in house, and cutting down time period for project completion. It is delegating some or all functions of management or some operations of organization to another firm. Companies providing outsourcing services for human resource management can bring human resource sophistication in small companies and buying power of large employers.