Human resource management 2

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Human resource management 2

Category: Coursework

Subcategory: Human Resources

Level: College

Pages: 3

Words: 825

Outsourcing refers to the practice that reduces cost by giving some portions of work to outside suppliers as opposed to doing it internally (Martin, 2010). It is used by different companies as an effective cost-saving strategy owing to the fact that it is advantageous to purchase something from companies as opposed to producing it internally. This term can be relevant in a manufacturing company like Dell outsourcing computer components from a different manufacturer to save on cost or another outsourcing book-keeping duties to other firms of accounting which might be cheaper than retaining an internal auditor
The Equal Pay Act of 1963 is a the United States federal law amending the Fair Labour Standards Act, which is aimed at abolishing wage disparity which based on sex. The act was signed into law on June 10, 1963, by John F. Kennedy being part of his New Frontier Program. This act is very essential since as it may be used in any organisations that require employees.

HIPA refers to health insurance portability and accountability act which was enacted on August 21, 1996, by the United States Congress and signed by the president of the time. The act is very important because it protects HYPERLINK “https://en.wikipedia.org/wiki/Health_insurance_in_the_United_States” health insurance coverage for all the workers and their respective families when they lose or change their jobs.

Performance evaluation is a multipurpose tool whose main aim is to provide an opportunity for commu…

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