Time & materials project can be understood as personnel outsourcing project, commonly known as selling people's heads. Most of them work in the client's site, and the client pays the company according to how much each person pays each month.
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Outsourcing can enable enterprises to avoid excessive organizational expansion, concentrate human resources to reduce costs, improve profits and reduce costs, so that funds can achieve higher efficiency, invest in the competitiveness of enterprises, improve efficiency and customer satisfaction, and operate enterprises more flexibly without being limited by existing professional knowledge and skills. It is an inevitable trend to accept the new business philosophy of outsourcing, and outsourcing services are imperative.
Outsourcing can be divided into domestic outsourcing and offshore outsourcing according to geographical classification. The outsourcer and its outsourcer come from the same country, and the outsourcing work completed in China is domestic outsourcing; The outsourcer and its suppliers come from different countries, and the transnational completion of outsourcing belongs to offshore outsourcing. According to the nature of work, it can be divided into "blue-collar outsourcing", which refers to the outsourcing of product manufacturing process; "White-collar outsourcing", also known as "service outsourcing", refers to the outsourcing of technology development and support for other service activities.
Usually, the outsourcing business mainly includes information technology, followed by human resources, procurement, logistics, finance and accounting. Outsourcing is suitable for various fields, and its value and effect need to be verified by corresponding market demand and industry supervision system.