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