The term outsourcing represents a business partnership between a company and an individual (or company). In this partnership, they agree that the company will contract services from an outside provider who will be paid an agreed upon fee for their services. This type of business partnership can be long or short term.
An important detail of outsourcing is that the company that does the work doesn’t become an employee of the company that hired them.
In general, businesses look to outsource their processes to some other entity for a variety of reasons:
- Because they can save money
- Because some other organization can do that job better
- Because the need is short term and hiring is time consuming and expensive
This is a good arrangement which helps both parties benefit and enables them making money. This trend has grown so fast that today, you can find professional companies that outsource their services. This is their business model, and it works.
Here, we will talk about some of the most common outsourced jobs since the start of 2017.
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