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Advantages and disadvantages of outsourcing in relation to Human Resource in Financial services organization.?


based on financial services organizations in UK.

In English: What's the good and the bad of having another company do the accounting (payroll and bill collecting) instead of hiring alot of people to?

If the company is large enough they can afford to hire, but still may want to "outsourse" for libailty reasons, and its not their specialty ie walmart (some other name in UK, yet the worlds largest Co.) they have another company do taxes so the Gov. can't go after them.

If it's a small company they can spend a fraction of the cost to hire people and still not have he libilites.
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