Outsourcing In The Philippines; Top Choice In Global Outsourcing
The global business of market today is becoming increasingly competitive
. Change is an inevitable part of every existence and development and innovations are being introduced constantly. In order for companies to remain competitive, a lot of them are turning to outsourcing. Time is very essential to business since sufficient quality time for the company most likely results in higher earnings. Transferring non-core activities to external providers that are experts in the various fields create a 24/7 operations to hasten the development of your business. Outsourcing in the Philippines is one of the top choices in the global marketplace that can offer more than low rates for services.Philippine outsourcing creates a lot of job opportunities to Filipinos which effectively reduced unemployment rate of the country. Many graduates choose to work in BPO because of good compensation packages offered. The salary in call center industry is above the average wage which makes BPO attractive to professionals and degree holders. The education and experience of the Filipinos makes the countrys pool of workforce very competitive. Because of the global demands of outsourced Philippine staff, more and more BPO companies are establishing operations to Philippines and it is expected that BPO industry in the country will continue growing. As a former US colony, Philippines have an advantage in outsourcing business. Its best asset is its vast pool of workers that are very proficient in the English language with accents and a culture which are closer to those of many Western callers. Many BPO operations can be seen in prime cities like Metro Manila, Cebu City, Davao Angeles and others.
The BPO industry of the Philippines is growing at a stable rate. The continuous influx of foreign investors relocating their services to the country proves that the flourishing of Philippine BPO is undeniable. The reason for this is that the BPO industry in the Philippines is offering the cheapest services and best employees. Services that are provided are custom tailored to the need of every individual business. Every outsourcing provider in the country aims to satisfy their clients by providing best quality results that are at par with the global standards. Outsourcing in the Philippines is offering services such as technology development, customer service, financial and other administrative jobs.
Business process outsourcing (BPO) industry in the Philippines currently covers around 15 percent of the global business market. Philippine BPO has become the backbone for the economy of the country; it is one of the biggest revenue generators and fastest growing sectors. The outsourcing industry in the Philippines is often referred to as the countrys sunshine industry because of its very fast and non-stop growth. Many investors choose Philippines to outsource their services because they have seen the potential to make their business grow by leasing staff in the country as an alternative to hiring fulltime in house employees. According to the CEO of Exist and PSIA marketing chair Jerry Rapes, It is estimated that the total outsourcing market globally will grow to about $250 billion in 2016 from about $125 billion in 2011.
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