Business Process Outsourcing

What is Business Process Outsourcing?

 

‘Business Process Outsourcing’ is the concept of outsourcing business processes to another company to save time and resources. The other company assumes full responsibility for the given process and assures to provide the output in a predetermined period.

 

Generally, companies outsource processes that are not included in the core activities of the business. Processes like employee management, customer care, etc. are often outsourced to other companies.

 

A similar concept is ‘Knowledge Process Outsourcing’ in which processes that cannot be easily automated are outsourced to another company. KPO and BPO are major revenue-based businesses in which both the companies engaging in it profits from outsourcing the processes.

More HR Terms

Staffing

What is Staffing?   The term ‘Staffing’ refers to the process of recruiting employees for an organization. It is a term that covers every aspect

Total Compensation

What is Total Compensation ? ‘Total Compensation’ refers to the complete monetary benefits provided to an employee by the company. Generally speaking, it is considered

Organizational Culture

What is Organizational Culture?   ‘Organizational Culture’ or ‘Corporate Culture’ is the overall culture and set of behaviours followed by the employees in an organization.

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