ENTREPRENEURSHIP

Detailed explanation-1: -HR outsourcing is a contractual agreement between an employer and an external third-party provider whereby the employer transfers the management of, and responsibility for, certain HR functions to the external provider. Many types of HR outsourcing options are available to employers.

Detailed explanation-2: -Human Resource Outsourcing is a practice in which an organization hires a third-party organisation to handle its human resources activities and administrative tasks. In other words, HR outsourcing is the process of receiving work previously completed by corporate personnel from sources outside the company.

Detailed explanation-3: -HR outsourcing is the process of in which certain human resources activities are outsourced to external partners which helps the organization get advantage of specialized skills, reduce cost and enable HR personnel to focus on strategic initiatives.

Detailed explanation-4: -Strategic human resource management encompasses the traditional human resources functions of recruiting, screening, interviewing, and hiring employees, but also works with the overall organizational strategy to achieve success.