2002 and Reduced Overhead - Global Sourcing Brief

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. This move was seen to reduce overhead costs, enabling the company to boost profitability despite slow revenue growth. Based on estimates, Mondelez outsourced 40 percent of work processes.

Payroll

Payroll Outsourcing Human Resources Offshoring

Companies That Outsource Payroll And Other Admin Tasks

Stay Connected