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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
Home » Glossary » What is Employee Outsourcing
What is Employee Outsourcing   

What is Employee Outsourcing


Employee Outsourcing is considered by many small organizations as a cost-effective alternative to traditional way of employee hiring, as it relieves the expense and administrative burden put upon business. Organizations often resort to practice of employee outsourcing when they are not yet able to afford hiring full-time or even part-time employees. It can be described as a practice of engaging remote workers who are employed by special companies providing outsourcing services, so these firms take care of all the tedious employment and administrative issues including trainings, payroll, benefits, compensation, insurance, tax reporting and supervision of workers. 

Outsourced employees may sometimes visit sites of the companies which they work for (if a job requires this), or they may work in a completely remote manner, utilizing modern communicational means (Internet and teleconferencing), so you don’t have to provide them with desks and any office space. These outsourced services usually comprise everything which is not needed on daily basis, but is very important to a company from time to time, for example: 

  • IT functions (maintenance of software, hardware, networks, servers, etc); 
  • Accounting, tax management and other finance-related services;
  • HR functions: recruitment, payroll and secretarial services;
  • Call Centers and customer service/support;

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