contracting out

Definitions

Commerce

  • noun the process, on the part of an employee, of withdrawing from the UK State Earnings-Related Pension Scheme and buying an appropriate personal pension
  • noun the process, on the part of an employer, of withdrawing employees from the UK’s State Earnings-Related Pension Scheme and enrolling them in an occupational pension scheme that meets specified standards

Health Economics

  • (written as Contracting Out)
    The sourcing and purchase of a service for an agency 's clients from an external organization.
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