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Running A Human Resource Outsourcing Business In A Growing Economy Like Nigeria

Outsourcing as a management practice simply means to transfer work responsibilities and decision rights to someone outside an organisation. Outsourcing is actually made up of two words, “out” and “sourcing”, a concept developed from American terminology “outside resourcing”.
When a company decides that the risk of managing in-house is greater than outside, then it is time to outsource. However, let me clarify that outsourcing goes far beyond outsourcing of humans. Other forms of outsourcing are Professional Outsourcing, Multi-Sourcing, IT Outsourcing, Process-Specific Outsourcing, Business Process Outsourcing, Manufacturing Outsourcing, Project Outsourcing and Operational Outsourcing.
For all outsourcing types, the three key reasons for enagaging outsourcing and in order of significance are, Cost Savings as outsourcing moves a busineses costs from variable to fixed. The second reason is that outsourcing enhances efficiency for the business, and thirdly delivers ....

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Tat Hong Equipment Service Co., Ltd. Announces First Annual Results after Listing

Tat Hong Equipment Service Co., Ltd. Announces First Annual Results after Listing
Net Profit Rose by 32% to RMB101.2 million in FY2021
HONG KONG, Jun 28, 2021 - (ACN Newswire) - Tat Hong Equipment Service Co., Ltd. ( Tat Hong or the Company , together with its subsidiaries, the Group ) (Stock Code: 2153), the first foreign-owned tower crane service provider established in the PRC, has announced its annual results for the year ended 31 March 2021 ( FY2021 or the Year ).
Results Highlights:
Gross profit margin improved to 34.5%
Net profit rose by 32% to RMB101.2 million with net profit margin increased to 12.8%
EBITDA increased 4.6% to RMB394.7 million attaining EBITDA margin of 49.8% ....

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