p

Payroll HR, often referred to as payroll and human resources (HR) management, is a crucial function within organizations responsible for administering employee compensation, benefits, and related administrative tasks. This integrated approach combines payroll processing with HR functions to ensure accurate…

Performance-based contracts are agreements between a client and a service provider where the compensation is contingent upon the achievement of predefined performance metrics or outcomes. Unlike traditional contracts that focus on inputs or activities, performance-based contracts incentivize service providers to…

PPC, or pay-per-click, is an online advertising model in which advertisers pay a fee each time their ad is clicked. It is commonly used in search engine advertising, where advertisers bid on keywords relevant to their target audience, and their…

Predictive analytics is the practice of using data, statistical algorithms, and machine learning techniques to identify patterns and predict future outcomes or behaviors. By analyzing historical data and applying predictive models, businesses can gain valuable insights into trends, risks, and…

Prescriptive analytics is an advanced form of analytics that leverages data, mathematical algorithms, and machine-learning techniques to provide recommendations for decision-making. Unlike descriptive analytics, which focuses on analyzing past data to understand what happened, and predictive analytics, which forecasts future…

In the Business Process Outsourcing (BPO) industry, processes refer to the systematic steps and workflows involved in outsourcing specific business functions to external service providers. These processes are designed to handle repetitive and time-consuming tasks efficiently, allowing organizations to focus…

Procurement is the process of acquiring goods, services, or works from external sources. It involves activities such as sourcing suppliers, negotiating contracts, purchasing goods or services, and managing supplier relationships. Procurement plays a critical role in ensuring that organizations obtain…

Procurement outsourcing (PO) is a strategic business process in which an organization delegates its procurement activities to a third-party service provider. This outsourcing arrangement can encompass various aspects of the procurement lifecycle, including strategic sourcing, supplier management, contract negotiation, purchase…