Pronunciation: [a͡ʊthˈa͡ɪ͡ə] (IPA) 
The word "outhire" means to hire someone at a higher salary or rate than another person or company. It is spelled with the letter "o" followed by "u" and then "hire". The IPA transcription would be /aʊˈhaɪr/ which reflects the pronunciation of the word, with the stress on the second syllable. The spelling of the word is simple and straightforward once you understand its meaning and how to pronounce it correctly.
Outhire is a verb that originated from the combination of the prefix "out-" and the word "hire." It refers to the act of choosing to employ or engage someone at a higher rate of payment or compensation compared to their previous or potential employers. Outhire signifies the intention to surpass or outbid other employers in order to secure the services of a particular individual or group.
This term commonly finds application in the context of competitive job markets, where multiple firms or organizations may be vying for the same candidates. By outhiring, a company aims to entice the prospective employee with more appealing financial incentives or other benefits, such as better working conditions or career prospects. It implies that the employer recognizes the value or skills that the individual possesses, and is willing to invest more resources to acquire their expertise.
The concept of outhire treats employment as a competitive market, where companies compete to obtain the most qualified candidates. Though outhiring risks inflating salaries and creating wage disparities among individuals with similar qualifications, it fosters competition that can potentially drive up the overall salary levels in a particular profession or industry.
In summary, outhire is an action taken by an employer to hire an individual or group by offering more attractive compensation or benefits than their competitors. It reflects the recognition of the value of the person's skills and the use of financial incentives to secure their services.
The word "outhire" is derived from the combination of the prefix "out-" and the noun "hire".
The prefix "out-" in this context means "beyond" or "exceeding". It is used to convey the idea of moving, surpassing, or going beyond a certain limit or boundary.
The noun "hire" comes from the Old English word "hȳr", which originally meant "price" or "payment". Over time, it evolved to specifically refer to the payment or compensation for the temporary use or service of an object, property, or person.
When these two elements are combined, the word "outhire" is formed, referring to the act of hiring or renting something that surpasses in terms of cost or compensation what is considered normal, average, or expected. We commonly use this term when comparing rental prices or service fees that are higher than usual.
