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

Summary Plan Description

What is Summary Plan Description?   ‘Summary Plan Description’ refers to the documented tenets of the predefined benefits plan that the employee is provided with,

Social Collaboration

What is Social Collaboration?   ‘Social Collaboration’ refers to the concept of multiple teams or stakeholders joining their forces and resources to achieve a common

Contact Us

Contact Us

We use cookies on our website to provide you with the best experience.
Take a look at our ‘privacy policy’