Published Paper Details:

Human Resource Management is an essential field of every organization. Since it deals with humans and humans are unpredictable, it is a never-ending process which keeps on going till the organization is running. Today in the light of globalization, many firms have decided to outsource its non-core activities to external providers. The functions of Human Resource Management, if not wholly but partly, are also being outsourced to an external expert provider so that the firms can focus on their core business. The competitive nature of organizations today seeks best of everything possible to get an edge over other competitors, outsourcing functions of HR seems sensible decision to focus on strategic decisions of the organization. When the need for external supplier aroused, HR outsourcing firms have filled the vacuum by providing the expert services to the organization. Through this study, our aim is to find whether there is a scope for people having specialized knowledge of Human Resource Management to start their enterprise out of the outsourced HR functions. Apart from traditional HR job at any organization, entrepreneurial aspect of HRM should attract more people to take up this career. Through this study our aim is to find the functional areas of HRM which are being outsourced. Our study focuses on the growth of the enterprises which are working in the field of outsourced HR functions. This study also analyzes the financial performance of such enterprises. The satisfaction level of entrepreneurs towards performance of their enterprise as well as employees is necessary to understand the scope of entrepreneurship in this field. It is also important for the enterprises to increase their clients every year to be called as growing.