What is Outsourcing
Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another.
The term outsourcing, which came from the phrase outside resourcing, originated no later than 1981. The concept, which The Economist says has “made its presence felt since the time of the Second World War”, often involves the contracting of a business process (e.g., payroll processing, claims processing), operational, and/or non-core functions, such as manufacturing, facility management, call centre/call centre support).
The practice of handing over control of public services to private enterprises, even if on a short-term limited basis, may also be described as “outsourcing”.
Outsourcing includes both foreign and domestic contracting, and sometimes includes offshoring (relocating a business function to a distant country) or nearshoring (transferring a business process to a nearby country).
Offshoring and outsourcing are not mutually inclusive: there can be one without the other. They can be intertwined (offshore outsourcing), and can be individually or jointly, partially or completely reversed, involving terms such as reshoring, inshoring, and insourcing.
Our Labor Outsourcing & Recruiting Services:
- Temporary Staffing:
- Flexible workforce solutions for short-term projects, seasonal demands, and temporary vacancies.
- Permanent Placement:
- Expert recruitment and placement of qualified candidates for long-term roles.
- Recruitment Process Outsourcing (RPO):
- Comprehensive management of your recruitment function, from sourcing to onboarding.
- Payroll Services:
- Efficient and compliant payroll management, including tax and benefits administration.
- Compliance Management:
- Ensuring adherence to all applicable labor laws and regulations.
- Background Checks:
- Thorough verification of candidate credentials and background information.
- Skills Testing & Assessments:
- Rigorous evaluation of candidate skills to ensure optimal job fit.
- Executive Search:
- Specialized recruitment of high-level executives and senior management.
- Industry-Specific Recruiting:
- Targeted recruitment for specialized industries, leveraging deep industry expertise.
- Onboarding Services:
- Smooth integration of new hires into your company culture and workflows.
- HR Consulting:
- Expert advice on HR best practices, employee relations, and talent management strategies.
- Technology-Driven Recruitment:
- Utilizing advanced Applicant Tracking Systems (ATS), online platforms, and AI to optimize recruitment.