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Similarly, another report from BCG found that more diverse management teams reported innovation revenue that was 19 percentage points higher than other companies — diverse companies reported 45% innovation revenue compared to the usual 26%. Innovation revenue is the profit earned from new products, services, or ideas).
As such, understanding the nuances and benefits of each workforce model—be it Staff Leasing, Managed Services, or EOR (Employer of Record)—becomes crucial. Managed Services: Delving Deep Managed services refer to a comprehensive approach where an organization outsources certain tasks or functions to a specialized third-party company.
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