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:

Related MCQs

• People should be regarded as assets rather than variable costs was emphasised in
• Loyalty awards given to employees, for completing several years is an example of
• People who are attracted to career, involving verbal activities rather than physical activities are classified as
• Which metric views employees as capital rather than as an expense?
• The shifts that have been taking place in the collective bargaining front in India in the post-liberalisation period include I. collective to individual contracts. II. increased wages/incomes and benefits accompanied by erosion of job control. III. concession bargaining. IV. Attendance, skill or performancelinked rather than age-weighted and seniority based wages and benefits.
• The metric can be used as a measurement to show improvements to savings in recruitment and retention costs.
• Training technique, which allows trainees to solve problems and work in different departments is called
• Why might there be some difficulty in identifying and applying the Best-practice approach to HRM in Organisations?
• The three important components in aligning business strategy with HR practice:
• Match the following Question Correct option A. The monitoring stage 1. The firm identifies and confirms the overall business direction. B.The clarification stage 2. Investment on the human capital and the value placed by employees on this investment. C. The assessment stage 3. The firm checks the new system against strategy. D. The design stage 4. The firm plans the proposed changes into practice. The correct order is