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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1524 |
Essay's paper body
Despite this success, over the course of the last several years, IBM has found that in order to keep itself competitive, corporate restructuring has been necessary. As such, practices such as downsizing and outsourcing have become quite popular for the company. In 2002 IBM signed a deal with Fidelity's Employer Services Company to outsource its HRM department...
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Of the IBM's 1,200 human resource employees, Fidelity retained 450.
"The growth of HR outsourcing will continue to gain momentum as organizations reap the benefits, including significant cost savings, new capabilities and services for employees, and enabling HR to focus on more strategic work that is integral to the business," Bryan Doyle, president of Hewitt's HR outsourcing group, said in a press release (Gurchiek)...
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