HR Outsourcing - Issues & Imperatives
Key Words: - Outsourcing, Optimality, Contours, Value chain
Abstract:- Human Resource Outsourcing (HRO) has finally come to stay. With that, few of the eye bros have raised with questions – what will be the future of HR? Is it doomed to fade away? OR will it emerge a winner all the way? Will Indian HR break new grounds and embrace outsourcing unconditionally? What is the magnetic attraction of outsourcing? What are the risks involved and what is the secret to success? Is this the beginning of a revolution, where HR transcends traditional boundaries and emerges as a powerful business function? Some of these and various other relevant issues concerning HR outsourcing (HRO) need to be deliberated and arrive at imperative organizational dimensions to reap the fruits of new paradigm of HR outsourcing that has come to stay. In a liberalized economy wherein change, competition and competence are the major drivers of business efficiency the need will be to optimize each link in its value chain. Rapid pace of technological development coupled with intense market competition are threatening organizations to maintain optimality of all their business processes only through their internal resources particularly when they have to continuously focus their internal resources towards core processes to accomplish their strategic intents and maintain the competitive edge in the market. This has led to the growth of the outsourcing paradigm by which an organization enters into a contract with an external agency [partnering organization] to operate and manage one or more of its business processes, which usually are the support processes in the value chain. This paper deals with various issues concerning HR outsourcing, contours and concerns of HRO, trends and insights into effective functioning of HRO and certain imperative organizational dimensions for making the concept successful in an organizational context.
"HR Outsourcing - Issues & Imperatives ", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.3, Issue 11, page no.200 - 207, December-2018, Available :https://ijsdr.org/papers/IJSDR1812034.pdf
Volume 3
Issue 11,
December-2018
Pages : 200 - 207
Paper Reg. ID: IJSDR_180872
Published Paper Id: IJSDR1812034
Downloads: 000347190
Research Area: Management
Country: Sivamaogga, Karnataka, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
