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Project Description : Organizations now must devote more effort to their core business due to rapidly shifting market dynamics and pressure from global competition. Companies are quickly coming to the realization that they cannot satisfy every human resource activity. Therefore, businesses today, whether they are manufacturing, software, or service providers, choose their areas of expertise and outsource everything else. This allows them to concentrate on their core competencies and let others handle the rest more effectively and economically. As a result, HR consulting services and outsourcing are growing more and more common. HR functions such as payroll administration, employee benefits, human resource management such as interviewing, hiring, background verification, exit interviews, performance evaluation, risk management, and so on can be outsourced. Outsourcing has been a frequent approach to manage people and technological resources, improve services, and reduce costs more effectively. By outsourcing non-core functions, HR professionals can shift from mundane administration to a more strategic role. The objective of this study is to learn about HR Outsourcing and Consultancy Services at ABC Company.
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