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

Confidentiality Agreement

What is Confidentiality Agreement?   A ‘Confidentiality Agreement’ is a contract between the employer and the employee which restricts the employee from sharing any kind

Indirect Compensation

What is Indirect Compensation?   ‘Indirect Compensation’ refers to all the non-monetary benefits provided to an employee. It can include everything from additional benefits to

Disability

What is Disability?   A ‘Disability’ is defined as a limitation of any kind that hampers an individual’s ability to perform a task effectively. It

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