Published on October 13th, 2017 | by Guest0
6 Advantages of Offshore Outsourcing to the Philippines [Infographic]
Over the past several years, companies around the world look to the Philippines for their Business Process Outsourcing (BPO) needs. Regardless of what the job is, the Philippines cater to all businesses and provide some of the best resources and highly qualified employees at a fraction of the cost they’ll spend elsewhere.
This cost advantage and easy access to diverse and quality talent are the main reason why the Philippine BPO sector has grown from an obscure industry into one of the country’s leading sources of employment and biggest dollar revenue in less than 10 years.
The Philippine BPO industry started around 1992. Since then, it has become the second biggest contributor the Philippines’ national economy. Over the past decade, it has experienced a growth in the excess of 25%. In 2016, it generated 1.3 million new jobs in the Philippines with 17% annual growth. By 2018, revenue from the industry will outpace remittances brought in by Overseas Filipino Workers.
Because of this rapid growth, the Philippine government continues to provide this sector with its full support, establishing dedicated economic zone around the country where BPO companies are given special government assistance and tax breaks.
This fast and steady pace of growth only means that many companies have been leveraging Philippine-based offshore outsourcing solutions for many years now. In fact, many major companies from countries like Australia, Canada, and the United States consider the Philippines as the second home for their businesses because of the benefits it provides.
To better understand why thousands of businesses worldwide choose the Philippines to carry out some of their most critical jobs, here are the key takeaways from the infographic below from Global Outsourcing which discuss the six advantages of outsourcing in the Philippines.
- Cheap labor and overhead cost.
- Excellent Communication Skills
- Quality Talent Pool
- Culturally Compatible with We
- Exceptional Work Ethic
- Strong Government Support
To learn more about this topic, check out the infographic below.