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Benefits of Outsourcing ServicesHellena JohnsonHCS/370Shirley Seward2/13/2017
Benefits of Outsourcing ServicesOutsourcing is having certain job functions done by an outside company. Outsourcing is becoming a major trend. It has become a familiar method when doing business. Outsourcing services can be defined as “the strategic use of outside resources to perform activities traditionally handled by internal staff and resources” (Pine, 2017). OutsourcingThere are many reasons companies decide to use outsourcing. Some of these reasons include:Reduced costsImproving company focusFreeing internal resources for other purposesRisk-sharingImproving qualityImproving company focusIncreasing efficiencyReduce hiring and training costWhen a company decides to outsource, they are trusting the process of their business functions to external vendors. Outsourcing is something that is not taken lightly with organizations. It is something that weighs heavily on their minds. Making the decision to outsource or not is difficult. There are a lot of things that need to be taken into consideration. Businesses need to think about cost-efficiency, innovation, reputation, calculated risks, communication and collaboration, and more.