What Does Outsourced Mean?

Outsourcing is an agreement in which one company hires another company to be responsible for a planned or existing activity that is or could be done internally, and sometimes involves transferring employees and assets from one firm to another.

What does it mean for a job to be outsourced?

What Is Outsourcing? Outsourcing is the business practice of hiring a party outside a company to perform services or create goods that were traditionally performed in-house by the company's own employees and staff. Outsourcing is a practice usually undertaken by companies as a cost-cutting measure.

What is outsourcing in simple words?

Outsourcing is a business practice in which a company hires a third-party to perform tasks, handle operations or provide services for the company. ... Companies can outsource entire divisions, such as its entire IT department, or just parts of a particular department.