A practice used by different companies to reduce costs by transferring portions of work to outside provider rather than completing it internally is termed as:

A practice used by different companies to reduce costs by transferring portions of work to outside provider rather than completing it internally is termed as Outsourcing. HR Outsourcing is a process in which the human resource activities of an organization are outsourced so as to focus on the organization`s core competencies. Often HR functions are complex and time consuming that it will create difficulty in managing other important thrust areas.