Browse Definitions :
Definition

impact sourcing

Contributor(s): Ivy Wigmore

Impact sourcing is a business process outsourcing (BPO) model in which jobs or tasks are outsourced to economically disadvantaged areas as a means of improving the situation of people living there.

The impact model is not significantly different from offshore outsourcing in general, other than the stated intent: Offshore outsourcing is typically undertaken to minimize costs and maximize profits, while corporate social responsibility (CSR) is the implied goal of impact sourcing. The work is not necessarily sent offshore but may be conducted in disadvantaged areas within the country where the business is located.

In addition to the humanitarian and public relations components of impact sourcing, it typically offers traditional benefits to the organization as well. Attrition rates may be as much as 40 percent lower than is the case with BPO in general, and there are increases in employee engagement and productivity. The benefit to the workers leads to stronger communities and potentially a market for the organization's products.

See a video presentation on the business case for impact sourcing:

This was last updated in April 2016

Continue Reading About impact sourcing

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

Dateiendungen und Dateiformate

Gesponsert von:

SearchCompliance

  • PCI DSS (Payment Card Industry Data Security Standard)

    The Payment Card Industry Data Security Standard (PCI DSS) is a widely accepted set of policies and procedures intended to ...

  • risk management

    Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings.

  • compliance framework

    A compliance framework is a structured set of guidelines that details an organization's processes for maintaining accordance with...

SearchSecurity

  • Trojan horse (computing)

    In computing, a Trojan horse is a program downloaded and installed on a computer that appears harmless, but is, in fact, ...

  • identity theft

    Identity theft, also known as identity fraud, is a crime in which an imposter obtains key pieces of personally identifiable ...

  • DNS over HTTPS (DoH)

    DNS over HTTPS (DoH) is a relatively new protocol that encrypts domain name system traffic by passing DNS queries through a ...

SearchHealthIT

  • telemedicine (telehealth)

    Telemedicine is the remote delivery of healthcare services, such as health assessments or consultations, over the ...

  • Project Nightingale

    Project Nightingale is a controversial partnership between Google and Ascension, the second largest health system in the United ...

  • medical practice management (MPM) software

    Medical practice management (MPM) software is a collection of computerized services used by healthcare professionals and ...

SearchDisasterRecovery

SearchStorage

  • M.2 SSD

    An M.2 SSD is a solid-state drive (SSD) that conforms to a computer industry specification and is used in internally mounted ...

  • kilobyte (KB or Kbyte)

    A kilobyte (KB or Kbyte) is a unit of measurement for computer memory or data storage used by mathematics and computer science ...

  • virtual memory

    Virtual memory is a memory management capability of an operating system (OS) that uses hardware and software to allow a computer ...

Close