A practice used by companies to assign their costly activities to outside providers for the purpose ...........

Principles of Human Resource Management Employee involvement

A practice used by companies to assign their costly activities to outside providers, (for the purpose of cost saving), rather than completing it internally is called;

Planning

Decentralization

Restructuring

Outsourcing

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Explanation:

Human resource outsourcing refers to a process in which the employer transfers responsibilities and risks for HR functions to the external provider which performs this tasks for the company.
Since HR functions can be complex and time-consuming business opt for outsourcing either whole HR logistics or part of the HR responsibilities like payroll.