Outsourcing is the practice of contracting specific HR functions, such as payroll or recruitment, to external vendors to reduce costs and improve efficiency.
- What is outsourcing?
Answer: It is contracting HR functions like payroll to external vendors. - What are examples?
Answer: Examples include outsourcing benefits administration or staffing. - What are the benefits?
Answer: It reduces costs, accesses expertise, and saves time. - What are the challenges?
Answer: Challenges include data security and loss of control. - How does HR oversee it?
Answer: HR selects vendors, monitors performance, and ensures compliance.
