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.
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.