10 years ago No Comments

(pronounced IN-sor-sing)

As you might imagine, insourcing is the opposite of outsourcing, which is taking internal company tasks and paying an outside firm to take care of them. Seems rather obvious that you would actually use your own company to do the work that it needs performed, eh” So why does this term even exist” The backlash against outsourcing. After looking outward for the last decade, companies are starting to look inward again. So instead of getting offices in Bombay to produce the construction documents for a new hospital addition, maybe a big firm finds one of its less busy satellite offices in another city – whether within their country’s borders or not – to do the work. Why should one office in the same sprawling firm hire on more people when another branch is on the verge of laying employees off” It’s a win-win.

See also: outsourcing