Benefits of Outsourcing to the Philippines
The outsourcing industry in the Philippines is so large that the entire Southeast Asian country consists of more than 100 people of different ethnicities. BPO companies in the Philippines employ more than 2 million people and together with remittances provide a big boost to the Philippine economy.
In the last ten years, outsourcing in the Philippines has increased by 30% year on year. As a result, the tiny island nation has emerged as an established global BPO player. The future looks extremely promising: Deloitte predicts that the company could increase its share of the B POE cake to 20% of the total global market and generate more than $50 billion in sales. India has taken over the world’s second-largest outsourcing market, while Metro Manila is rising in many other sub-sectors.
The hottest outsourcing markets in the Philippines today include telecommunications, healthcare, education, financial services, healthcare, manufacturing, and retail. This has made the country one of the world’s most attractive markets for outsourcing in terms of its growth potential.
These industries are currently on the rise and have a lot to offer in terms of reliability and security for outsourcing in the Philippines. Undoubtedly, one of the advantages of outsourcing to the Philippines is that it is very good in terms of price, which is the main reason for outsourcing companies. Labor costs in the Philippines are nearly half that of the US and the UK, and entrepreneurs are also saving on labor costs for many of their projects. In fact, a major advantage of outsourcing to the Philippines is that it is extremely business-friendly, as it costs less than $2,000 to lead a team of employees.
The Philippines has a significant linguistic advantage over the US and the UK, as English is the official language used in daily conversations in the Philippines. As a result, the BPO industry is full of workers who can speak good English with an accent very similar to that of the US. This neutral accent and way of speaking is a great advantage for voice-based services such as television and radio. Broadcasts based in the US or the UK also have the option of working with Filipino service providers so that language never becomes an obstacle.
Although the education system in the Philippines is somewhat similar to that of the US, which also knows the exact skill level of outsourced workers, much remains to be done to do so. By comparison, companies in the Philippines are able to hire skilled, ready-to-use, and willing workers. While countries like India do not lack talented people, the hunt for and access to heads has become a task.
In addition, the Philippine government sponsors various state-sponsored university courses that enable interested students with BPO and industry-relevant skills. In the Philippines, more than 450,000 students have studied at universities and institutes in the past five years, according to the Ministry of Education.
Growing up in a technology world, they understand how technology can be used to create better business solutions. Many of these young people also have access to high-quality training opportunities to prepare them for the BPO sector, thereby facilitating their entry into the industry, which is equipped with the right skills to succeed.
This reduces legal liability and management issues and helps you provide you with a strong human resources management team that can help you easily set up training projects and provide the right resources for your employees and the management of your business. If you outsource to the Philippines, you can get rid of these problems as long as your outsourcing company’s relationship with its customers is very strong, ensuring that the customer-customer relationship remains perfect. One of the biggest problems in running a business is that you are faced with a lot of paperwork, legal, accounting, financial, human resources, and other related issues during the process.
This ensures that you can always focus on your business and not have to deal with all these issues during the process.
At various times in its history, the Philippines has been a former colony of Spain, Mexico, and the United States, and as a result, the people of the Philippines have grown up with Western media and have many similarities in their culture. Although pop culture in the US is also extremely well received, it is not as well-received as in the Philippines, but that does not help you much because it can be a small factor in an overall scheme of things. Although the Philippines is a much more diverse country than most other Asian countries, cultural similarities play a large role in ensuring that outsourcing works well when working with a service provider based in the Philippines.
The Philippine government has been instrumental in ensuring that the BPO industry in the Philippines can thrive and grow by ensuring that favorable laws and regulations are enacted that allow it to do so.
Since outsourcing usually involves the disclosure of confidential data, the Data Protection Act adopted by the Philippine government in 2012 ensures that data protection standards comply with international standards. To make outsourcing to the Philippines as secure as possible for employees and their families, there are strict rules to protect valuable and confidential information from unauthorized access.
The BPO industry remains a strong economic pillar of the Philippines, and as a result, the Philippine Government has done an excellent job in recognizing its potential and facilitating its growth by facilitating infrastructure and political development. These include the development of B POO specific curricula, support for the financing of call centers and training centers, the establishment of a National Council on Information and Communication Technology to support the growth of the sector, and tax incentives and incentives to encourage foreign investment.
The BPO industry in the Philippines tops the list of countries providing high-quality services to customers around the world. Performance and efficiency are key to ensuring that the country could reach one million B-POE employees within four years.
The average Filipino citizen’s quality of life improves dramatically when he works in the BPO sector, and every year it spills over to a large extent into the local economy. Compared to its counterparts in other countries, the Philippines has much higher levels of education, health, education, and employment.
With many suitable factors that are ideal for companies worldwide, the Philippines has become one of the most sought-after – after outsourcing destinations. Based in the Philippines, Flatworld’s delivery center helps you get the best local talent and services at an effective price so you can start outsourcing as soon as possible. Please contact us to learn more about how we can help you navigate the waters and enter the cost-effective outsourcing landscape of the Philippines.