One of HR function is Outsourcing and Most of Banks and Service sector companies do this and the HR companies,which are providing the service also comes under ESI,EPF coverage. Noway, the company could escape from this. The main reason for outsourcing is to focus on their core function and difficulty in man power management. Banks like ICICI,IDBI gets manpower service from HR companies. Mafoi can not mint money, like you said. As a matter of fact, infosys,wipro and tcs also does the man power support to MNC's. will u say that,they are cheating us?
