Globalization of the world economy has come along with a number of challenges. Notably is the increased competition that has resulted to liquidation of some firms as others have turned to become multinationals. The global economic meltdown that has affected all economies in the globe has further forced businesses to employ the best strategies in order to remain in operation.
Among the key areas that play a key role to enable businesses to thrive and overcome challenges, besides being at a competitive advantage is the human resources. Therefore, it is critical for businesses owners to understand the significance of outsourcing the human resources services and its impact within a firm. Taking into consideration that outsourcing human resource services is a new concept, comprehending this concept is imperative for all the human resources managers.
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