contract out

Hire outside help

To contract out is to hire an outside party to perform work rather than doing it internally: The company contracts out its payroll processing.

Organizations contract out functions that aren't central to their mission or that specialists can handle more efficiently.

In British usage, to contract out of something is to formally opt out of a scheme or arrangement, especially a pension plan.

Related

externalization · deal · hiring · agreement · job displacement · gig economy · consultancy · engage · compliance · terms · non-compete clause · delegation · offshoring · cost efficiency · cost cutting · clauses · liability · service delivery

Categories
Opposites
task execution locus

contract outdo it yourself

Complete tasks independently

insource · DIY · internalize

organizational boundary

contract outinsource

Perform internally, not externally

internalize · absorb · repatriate · take back

organizational control

contract outvertical integration

Owning multiple production stages

centralize

Family

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Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Abstract · Everyday, not technical · Rated G