Human Resource Outsourcing: Threat or Opportunity?

Abstract

Outsourcing is the name of the game in 21st century. Companies that want to be lean and competitive, need to aggressively pursue outsourcing. The flight of key functions to low-cost nations has happened in a big way in the past and is going to continue in future also. Like a coin has two sides, Outsourcing can prove to be a pain in the neck if not addressed properly It can be a game changing strategy for companies that are on the move. It may prove to be suicidal for companies that are unable to address key challenges posed by outsourcing - when pursued in an aggressive manner.

Keywords: Outsourcing, Competitive Advantage, Technological Change, Lean Organisation