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microeconomic concepts such as competition, markets vs Cental Command, Coarse's theorm, hidden costs, allocative efficiency, and market forces

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In view of all of microeconomic concepts such as competition, markets vs Cental Command, Coarse's theorm, hidden costs, allocative efficiency, and market forces, why would it make sense to outsource a function such as human resource management?

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Solution Summary

Benefits of outsourcing HR services are presented.

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First of all outsourcing HR services allows firms to share much of their employer liability risk and gives them the time to concentrate on growing their company's profitability and productivity instead of spending time dealing with administrative issues. This frees the HR staff to focus on strategic planning activities ...

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Umut Oltulu, MBA
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  • BSc, Dokuz Eylul University
  • MBA, Texas A&M University-Kingsville
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