Category : Outsourcing
In today’s world, where the pressure to perform better and more successfully, especially financially, there are several aspects that employers try to exploit in order to reduce their costs, thus boosting the profit margin.
One of the terms that has been part of business operations throughout the world for many years now is definitely “outsourcing”, i.e. the act of hiring an external company to perform a part of you work. Skilled and educated labor force, but much cheaper, can be found in many countries throughout the world. All those countries have something in common: less developed economies and more difficult financial situations. There are also instances where companies from another part of the same country are outsourced, but those are not such common situations.