BPO | Business process outsourcing (BPO) is the delegation of one or more IT-intensive business processes to an external provider, who then owns, administers, and manages the selected processes based on defined and measurable performance goals. |
Distributed Team | Distributed teams are those in which individuals work in different geographical places from one another. |
EOR | The term EOR is an acronym for Employer of Record. An EOR is a third-party company that takes over all the employment tasks on behalf of another company. This lets the EOR allow overseas companies to create offshore teams without setting up locally while minimizing the liabilities and risks of local employment laws |
Human Resource Management | Human resource management is the organizational function in charge of all matters concerning people in an organization. |
KPO | Knowledge Process Outsourcing (KPO) is the process of outsourcing data-driven knowledge-intensive processes such as obtaining, managing, analyzing, and presenting objective business insights. |
Offshore | Offshore refers to a location that is either land-based or water-based and is located outside of one's country's borders. |
Offshore Staffing | Offshore staffing is the process by which organizations hire and establish a team of temporary workers in another country. In other words, firms participate in offshore team recruiting when they establish a development center outside of the country and hire a team of professionals from the same country. |
Offshoring | the practice of outsourcing some of a company's processes or services |
Outsourcing | Outsourcing is a business technique in which a corporation contracts a third party to perform work, conduct operations, or offer services on its behalf. |
Payroll Services | A payroll service is a corporation or organization that assists with payroll processing on a third-party basis. |
PEO | PEO is short for professional employer organization. This is an organization or company that agrees to a joint-employment relationship with an employer by sharing or renting out their employees to the employer. |
Recruitment Companies | Recruitment agencies are third-party organizations that help employers discover qualified candidates. Employers tasked them with finding candidates for open positions within their organizations. |
Remote work | Remote work is the practice of employees doing their duties from a location other than the employer's central office. |
Staff Augmentation | Staff augmentation is an outsourcing approach used to staff a project while meeting corporate objectives. |
Staff leasing | an arrangement in which a firm's employees work for another company that pays them and manages their other costs and responsibilities |
Staffing | Staffing is the ongoing process of recruiting, selecting, evaluating, and creating a working relationship with current or prospective employees. The primary purpose of staffing is to find suitable people for the various tasks within the firm. |
Staffing Services | Any person who recruits its own personnel and sends them to a client to assist or complement the client's workforce |
Talent Pool | A talent pool is a collection of potential candidates that help an organisation grow and achieve its long-term goals. |
Virtual Assistant | Virtual Staff/employees are ordinary employees who operate from a remote location. These venues could be their homes, co-working spaces, cafés, restaurants, or any other location where the virtual employee has access to high-speed internet. |
Virtual Staff/Employees | Virtual Staff/employees are ordinary employees who operate from a remote location. These venues could be their homes, co-working spaces, cafés, restaurants, or any other location where the virtual employee has access to high-speed internet. |