Outsourcing Services

Outsourcing is the contracting out of an internal business process to a third-party organization. The practice of contracting a business process out to a third party rather than staffing it internally is common in the modern economy.

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Outsourcing sometimes involves transferring employees and assets from one firm to another but not always.

The definition of outsourcing includes both foreign and domestic contracting, and sometimes includes off-shoring, which means relocating a business function to another country. Financial savings from lower international labor rates is a big motivation for outsourcing/off-shoring.

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