Difference Between Outsourcing And Insourcing IT Services
Outsourcing is when you hire an outside company to handle your company's needs. You will be paying them a fee or some sort of compensation for their work. The outsourced company will use their own employees to do the job and they report back to you once they are finished.
Insourcing is when you keep your own employees in-house and use them to do the work instead of hiring someone else to do it. This means that there are not any costs involved with insourcing other than salaries, but there will also be other expenses such as benefits packages and healthcare coverage for these workers as well.
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