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Outsourcing Work
The practice of hiring third parties to perform services or produce goods that traditionally were performed in-house by the company's employees.
Administrative Expenses
The costs associated with the general administration and management of a business, including salaries of executives, office supplies, and utilities.
Outsourcing
The business practice of hiring a party outside a company to perform services and create goods traditionally performed in-house by the company's own employees.
Phased-Retirement Program
A type of retirement plan that allows employees to gradually reduce their working hours as they transition to full retirement, often while retaining some benefits.
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