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Image by rawpixel.com on Freepik The State and Growth of the Human Resources Outsourcing Market Human resource outsourcing pertains to a business organization transferring one or more HRfunctions — even the entire human resources department — to a third-party provider. Why Do Companies Outsource HRFunctions?
In this section, we will summarise the key HR outsourcing models. Professional Employer Organisation (PEO): In this model, the PEO becomes the employer of record for tax and compliance purposes, handling HRfunctions such as payroll, benefits, and compliance.
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