Why Is It Important for Managers to Understand the Importance

question 38

Essay

Why is it important for managers to understand the importance of both the internal and the sustainable rates of growth?

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Definitions:

Employee Leasing

An arrangement where businesses contract with a third-party organization to manage and provide their workforce, transferring many of the employer's responsibilities and liabilities.

Outsourcing

The practice of hiring external firms or individuals to perform tasks, handle operations or provide services that are either difficult to manage or are outside the company's core competencies.

Employee Leasing

The practice of hiring a workforce through an intermediary that provides personnel to work on a temporary or long-term basis.

PEO

A Professional Employer Organization, which is a firm that provides a service under which an employer can outsource employee management tasks, such as employee benefits, payroll and workers' compensation, recruiting, risk/safety management, and training and development.