2002, Offshoring and Reduced Overhead

Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions

Companies That Outsource Payroll And Other Admin Tasks

Magellan Solutions

APRIL 30, 2020

In 2002, the financial giant signed a 10-year contract worth $700 million with a human resources outsourcing company. It is one of the pioneers of the offshoring process in its industry. This move was seen to reduce overhead costs, enabling the company to boost profitability despite slow revenue growth. L’Oréal.

Payroll

Payroll Outsourcing Human Resources Offshoring

Global Sourcing Brief

Companies That Outsource Payroll And Other Admin Tasks

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