Outsourcing, Offshoring and Staff Leasing

 

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Outsourcing is the business practice of hiring a party outside a company to perform services that traditionally were performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.

 

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Outsourcing often involves transferring a company’s business process, operational and/ or non-core functions usually to a remote team that may either be foreign or domestic. Outsourcing to a foreign country or relocating a business function to a distant country is usually called ‘Offshoring”.

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Staff Leasing and Specialized Services are business delivery models between a client and a provider, where the provider takes care of recruiting staff for a client’s particular needs, along with providing equipment and overseeing operations for the client, ensuring that their leased staff are delivering the quality of work that is expected of them from the client.

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The nature of the business for Staff Leasing companies varies; while Specialized Services Companies employ the same business model but focuses on a specific field of expertise. In our case, the focus is Software Development and Project Management.