Byline: Joel Bloomer
Aug. 30--Human resources used to be an afterthought to business leaders. Executives would relegate HR work to "back-office" status because they were more concerned with initiatives that increased the top line, so-called "front-office" work. However, as managers become aware of the savings that efficient HR systems can provide, interest in outsourcing has risen. First, let's consider what motivates companies to outsource, then look at a few of our favorite stocks in this industry.
Many firms use antiquated systems that were installed year