Potential of Human Resource Outsourcing. Benefits and Risks in the Public Sector of Bangladesh

Seminar paper from the year 2016 in the subject Business economics - Personnel and Organisation, , course: 107 Advanced Course on Administration and Development for Deputy Secretaries of Bangladesh, language: English, abstract: The present paper focuses on different types of human resource outsourcing and the factors which need to be considered before public sector go for outsourcing of HR Functions. A review of available literature was done in order to understand the risks and benefits of outsourcing HR Functions that need to focus on their core business activities and still establish and maintain good HR policies. Furthermore, the factors that affect the HR outsourcing decisions with special emphasis on a proper cost benefit analysis of HR functions outsourcing have to be explored. The findings of the paper implicitly point out that the decision of HR outsourcing is contingent upon factors like availability of adequate resources, flexibility, affordability and acceptability. The paper also suggests a systematic process and certain pre-requisite to successfully execute HR Functions outsourcing.