Types and Forms of Outsourcing and The Arguments

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puvaucheb

Business Finance

Description

Please submit a 4 - 5-page write-up about Outsourcing practices.

Discuss;

Types and forms of outsourcing and the arguments;

- in favor of

- the benefits from,

- and the challenges associated with this viewpoint and practice.

Discuss advantages and disadvantages.


Must have atleast 4 references and citations.

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Running Head: OUTSOURCING PRACTICES

Outsourcing practices
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Institution:
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OUTSOURCING PRACTICES

2

In business, organizations are forced to look for experts from outside the Company to
help them in some methods. This is known as outsourcing. Simply, outsourcing can be defined as
the practice of hiring other individuals, Companies or organization to help the Organization
perform some tasks instead of using the employees within the Company. The outside party may
also offer services to the contracting Company or handle some activities on behalf of that
Company. To this extent, therefore, this paper seeks to discuss and explore the outsourcing
practices and analyze the benefits and the challenges that face outsourcing practices.
It is paramount that in all outsourcing practices, a third party must be involved to handle
and function on behalf of the Company represented. There are numerous practices that the
human resource department should put into consideration before outsourcing. They include
determining whether the business requires outsourcing, make a solid plan on how to outsource,
choosing of the best Company or Organization to outsource, go for a team that is dedicated,
make the outsourcing decisions based on various factors not only the cost and finally document
everything (Bangemann, 2017).
The first practice for a Company which needs to outsource is to determine whether their
business is right for outsourcing. This entails the project involved. Outsourcing should only
come...


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