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What is Understanding Outsourcing Basics about?
Outsourcing is contracting with another company or person to do a particular function that is non-core to a business. An insurance company, for example, might outsource janitorial and landscaping operations since they are unrelated to insurance. The outside firms providing outsourced services are called third-party providers or service providers. Although outsourcing has existed as long as work specialization, companies began widely outsourcing narrow functions like payroll and billing that could be done mo
- Author
- Namrta Ashra
- Language
- EN