In keeping with an article in Business Week, the Philippines is on the right track to grow its business process outsourcing revenues to $thirteen billion, and offer jobs for 650,000, by the tip of 2010. Thus, what exactly are the benefits of outsourcing to the Philippines that have made it a first selection outsourcing answer for businesses across the globe?
- Accessible Skills Match Business Desires
About a quarter of Filipino graduates are qualified for business-related jobs like accounting and marketing. Additionally, several of these professionals have had additional client service training. The skills offered in this pool of pros match the needs of many U.S. businesses.
- Lower Costs
Outsourcing to the Philippines can save a business as much as 30-forty% in operational expenses. This is often huge savings for small and medium-sized companies especially. Here is one thing price taking note of – the minimum wage rate within the U.S. is concerning $8 per hour; within the Philippines it’s $eight a day!
- Language
1st and foremost is the flexibility to speak English well and haven’t any foreign sounding accent. This is often of the utmost importance for many businesses. Its success has been thus stellar that trade players estimate India has lost around 100,000 decision center jobs to the Philippines because of its “high-quality voice skills” and status as the third-largest English-speaking nation in the world.
- High Levels of Literacy, Skills and Education
The Philippine government places high priority on education and this is evident within the high 92.half-dozen percent literacy rate (per CIA figures). The Philippines produces about [*fr1] 1,000,000 school graduates every year. This suggests that there’s a important pool of proficient and highly-educated professionals on the market to settle on from.
- Shared History And Matching Cultures
Did you know that the Philippines were the first colony of the U.S.? For nearly fifty years (1898-1946) the Philippines was governed in line with an Yankee system. Throughout this period, the country was exposed to Yank language, education, politics and cultural values. To the current date, several Filipinos are keenly conscious of what is happening in America in sports, politics, fashion, etc.
- Good Work Attitudes
Countries within the Middle East and in Europe offer high preference to Filipino workers as a result of they’re honest, well disciplined, and laborious working. Several countries hiring delegations to the Philippines on a regular basis to pick workers for their native businesses. These testaments show that Filipinos are not only hard-working, but that they are trustworthy and will conjointly be relied on to provide the results expected of them.
- High Net Usage Among Filipinos
Net usage among Filipinos is high. The country includes a 25% Net penetration rate compared to seven% in India. The Internet and telecommunications industry within the Philippines is growing at a terribly fast pace as a result of of the massive demand for internet access. It’s expected that internet literacy among Filipinos will still grow at brisk pace.
So, if your company is wanting to outsource any half of your operations overseas, hopefully you will now be of the mindset that the Philippines is the primary place that you should look to.
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Originally posted 2010-02-28 00:06:35. Republished by Blog Post Promoter
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As a Filipino I’m so thankful that you give us a positive description when it comes to working ability. That’s why those foreign business people wanted to outsource here in the Philippines because of good communication skills and Filipinos are hard working and most of all honest and really committed. Thanks again and God bless!
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