Human Resource Outsourcing

What is Human Resource Outsourcing?

 

‘Human Resource Outsourcing’ is the term that signifies the practice of taking the help of a third party to fulfill certain duties of the HR department. This is usually implemented by getting into a contract with a third party.

 

Another important aspect to consider is that companies might outsource a certain task of the HR or they might even consider outsourcing the entire HR department. Mostly, companies opt for outsourcing the payroll department as it requires the HR to repeat the same mundane tasks as well as take care of statutory compliance.

 

Some companies would also outsource the training department since there are various agencies who specialize in providing this service and hence, they would be able to complete the training effectively.

More HR Terms

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Intangible Rewards

What is Intangible Rewards ?    ‘Intangible Rewards’ refers to those rewards that are provided to an employee which doesn’t have a monetary value. These

Climate Surveys

What is Climate Surveys?   ‘Climate Surveys’ are the kind of surveys that measure comprehensive employee engagement and are not related to any specific department.

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