More than 100 distinct ethnic groups call the Philippines home, and the outsourcing business there is the economic backbone of the whole nation. With over 2 million individuals in the workforce, business process outsourcing Philippines is the single most significant contributor to the Philippine economy (along with foreign currency remittances). Therefore, this little island country is a formidable rival to major global BPO giants. While Metro Manila rises to prominence in various sub-industries, others, like the contact center business, have conquered neighboring countries.
Deloitte anticipated that the outsourcing Philippines might boost its portion of the BPO pie to 20% of the worldwide market, producing more than $50 billion in revenue, which would significantly increase from the current 3%. If outsourcing to the Philippines is a good bargain, why do so many corporations do it? Come on, let’s have a peek.
Outsourcing to the Philippines: Top Advantages
Call centers, search engine optimization, information technology services, online marketing, and remote workforce management are some of the Philippines’ most popular areas for outsourcing. Less than $2000 a month is all needed to run a team of workers in the Philippines, making it an excellent option for startups and other small businesses. Regarding safety and dependability, outsourcing to the Philippines is now a desirable option. If you’re looking for quality and affordable outsourcing, the Philippines is a great option. With PEO Philippines, you can be assured of safety and security for your business. So why not try outsourcing to the Philippines today? You may be surprised at how much it can help your business grow.
Excellent Value for Money
In addition to being the primary motivator for many businesses, lower costs are a significant perk of outsourcing to the Philippines. You may save a lot of money as a company owner by setting up a shop in the Philippines since the cost of labor is nearly half what it would be in the United States or the United Kingdom. Businesses may often cut expenses by as much as 60% by sending work to the Philippines.
Discourse Free of Prejudice
Since English is an official and widely spoken language in the Philippines, the country enjoys a significant linguistic edge. As a result, the business process outsourcing sector is staffed by a large population of people with native-level English proficiency and accents that are very reminiscent of those in the United States. Voice-based businesses, such as contact centers and virtual workforce, benefit significantly from this neutral accent and speaking style. Language barriers are never an issue when working with service providers in the Philippines for broadcasters in the United States and the United Kingdom.
The Ability to Find and Hire Top Professionals More Easily
Finding great people is not hard, but getting in touch with them might be difficult. In contrast, it takes far less time for businesses in the Philippines to assemble a team of employees that meet all of the necessary criteria. The school system in the Philippines is very similar to the one in the United States, which makes it easy to gauge an employee’s proficiency before outsourcing the work. More than 450 thousand people in the ASEAN region get degrees from higher education institutions each year, according to a new ASEAN Briefing study. In addition, the Philippines government funds several state-run programs at the country’s universities that teach students skills useful in the business process outsourcing sector.
A Young and Active Population
The average age of a Filipino is just 23 years old, making it one of the world’s youngest populations. This group has an intuitive grasp of how technology can be exploited for better business solutions since they have grown up in a technological society. Many young people also have access to excellent educational opportunities that provide them with the knowledge and abilities necessary to thrive in the BPO industry.