European Journal of Molecular & Clinical Medicine

Abstract

To counter the fierce competition in the global market and to accomplish long term
growth, organizations need to develop, refine and concentrate on their core
competencies. Organizations need careful planning and strategy formulation and
implementation to enhance productivity levels and to change the Value system of the
employees .This is a mandate as employees be in a better position to internalize the
new and emerging technologies and future challenges. The HR function has
transformed due to the evolution of the internal and external organizational
environment. The focus has shifted from traditional, operational and administrative
perspectives to changes in employment relationships and strategic HRM. Presently the
contemporary approach of human resources management is to define the relationship
between business strategy and human resources management. Moreover, organizations
are required to investigate the way in which HRM can be used strategically to achieve
organizational goals. Outsourcing is simply getting work from the external sources,
which is done previously inside the organization. If external organizations or business
entities have specialized in an activity which is not strategically important to businessand
is able to do it cost effectively, it is recommended to get it done. Human resources
outsourcing: “Human Resource Outsourcing (HRO) is the process of transferring
functions of an organization’s human resources management functions or activities to
a service provider external to the organization”. Many organizations outsource all or
some HR activities because they cannot afford to employ talented part-time or full time