HR Services Consultant Terminology

Activity-Based Costing: assesses the costs associated with certain aspects of company operation
 
Barriers to Outsourcing: often baseless fears within the company that act as obstacles to outsourcing human resources
 
Business Process Outsourcing (BPO): analyzing business processes and then working with business providers to regenerate and outsource them
 
Commercialization: a positive byproduct of outsourcing; when a company generates equity value from its internal operations

Dismissal: the process of removing employees from their employment
 
Empowerment (Enablement): empowering people with more responsibility and control in their given field

E-sourcing: HR outsourcing service providers with a web interface
 
Gainsharing: contract obliging client and service provider to share the financial profit generated by their cooperation

Make Versus Buy: dilemma often faced by customer when contemplating on "making" or performing a certain activity in-house or "buying" the service  

Outsourcing: external contractors undertake work originally performed in-house
 
Performance-Based Pricing: compensation is linked to specific performance or outcome
 
Scope of Services: agreement summing up the services provided by the HR outsourcing party
 
Service Level Agreement: defines the intended or expected level of service

Service Provider:  the third party that provides outsourcing services for a company
 
Value Proposition: an estimation of the value an organization is expected to gain from outsourcing certain services