Home     Contact Us    
Main Board Job Seeker's Board Job Wanted Board Resume Bank Company Board Word Help M*Modal Nuance New MTs Classifieds Offshore Concerns VR/Speech Recognition Tech Help Coding/Medical Billing
Gab Board Politics Comedy Stop Games Faith Board Prayer Requests Health Issues

ADVERTISEMENT



Main Board Today's Top Viewed: Medical scribe employment.. (Views: 55)

More explanation of the word outsource for you - sm

Posted: Oct 30th, 2023 - 10:13 am In Reply to: No they didn't. Offshoring is sending work overseas - sm

What Is Outsourcing?
Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure. As such, it can affect a wide range of jobs, ranging from customer support to manufacturing to the back office.

Outsourcing was first recognized as a business strategy in 1989 and became an integral part of business economics throughout the 1990s.
1
The practice of outsourcing is subject to considerable controversy in many countries. Those opposed argue that it has caused the loss of domestic jobs, particularly in the manufacturing sector. Supporters say it creates an incentive for businesses and companies to allocate resources where they are most effective, and that outsourcing helps maintain the nature of free-market economies on a global scale.

ADVERTISEMENT


Post A Reply Reply By Email Options


Complete Discussion Below: ( marks the location of current message within thread)