Definition
Outsourcing is one of the most popular options many companies have in order to save time, effort, and money. Third party contractors offer more diverse skills & different levels of quality than the company's own employees.
In the room
How the word shows up in a real conversation.
A mentor asks, “What is your Outsourcing?” The useful answer is concrete: business practice of hiring external companies to perform specific functions or services. A slide title is not an answer.
Common mistake
Using Outsourcing as a label instead of a fact. If you cannot point to the evidence — a number, a customer, or a written assumption — you are using the word as jargon.
See also
Human resources
Department responsible for managing employees, recruitment, and workplace policies.
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OKRs
A rhythm of ambitious objectives and the measurable key results that prove them.
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Talent acquisition
Process of identifying, attracting, and hiring skilled employees for an organization.
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Talent acquisition cost
Total expenses associated with recruiting and hiring new employees.
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