The Philippines as an English-speaking country has been a boon for job seekers and businesses looking to outsource services. The country's large population of English speakers, coupled with its low cost of living, has made it a popular destination for outsourcing call center and business process operations (BPO). In fact, the Philippines is now the world's third-largest BPO destination, after India and China.
For job seekers, the Philippines offers plentiful opportunities in the BPO sector. Call center jobs typically pay well, with many positions offering a starting salary of around $500 per month. And because the cost of living in the Philippines is relatively low, workers can save money while enjoying a comfortable lifestyle.
For businesses looking to outsource services, the Philippines is an attractive option for many reasons. The country has ample facilities, excellent infrastructure, and more than 90 million potential customers living close by. Businesses can also take advantage of cheap labor costs, ensuring that services are delivered at highly competitive rates.
The BPO sector in the Philippines employs about 600,000 people, generating more than $8 billion in revenue per year. As a result, job vacancies continue to grow each year as companies seek more Filipino workers to meet demand. By 2016 it is estimated that the BPO industry will employ one million Filipinos and produce over $13 billion in annual revenue.
The United States, India, Nigeria, Britain, and Pakistan are ahead of the Philippines in terms of population size while Singapore is ranked before it in terms of a total number of English speakers, according to a U.S.-based language resource company.
One major reason for this is that Filipinos have been job hunting overseas since time began. Historically, Filipinos have always looked for jobs abroad due to poverty. Nowadays, job opportunities are still very much abundant especially in service industries like business process outsourcing (BPO)s which require communication skills in English.
In fact, as of now, there are at least 4 BPO companies established in the Philippines with job titles that require good communication skills in English such as customer service representative, software support analyst, and system engineer. In case you didn't know, these job positions have been outsourced from the United States and other countries because of a large number of North American residents looking for jobs online.
As a result, job opportunities for Filipinos who can speak fluent English are increasing. So if you've been thinking about going abroad to find a job or earn more money, go ahead and do it! Who knows? You might just be sharing the same room with someone from across the border next time you log on to your computer.
The Philippines offers a wide range of Outsourcing services
The Philippines is a well-known destination for outsourcing services. The country's combination of talented workers, cost-effectiveness, and infrastructure make it an attractive option for businesses looking to outsource their operations.
Offshoring services to the Philippines has become increasingly popular in recent years. In fact, the Philippines is now the third-largest hotspot for offshoring services in the world, after India and China. This is largely due to the country's large pool of talented workers and its low labor costs.
The Philippines offers a wide range of outsourcing services, including call center services, accounting and bookkeeping services, software development, and engineering services. Businesses can choose from a variety of delivery models, including onshore, nearshore, and offshore arrangements.
Offshoring services Philippines
The Philippines also has developed a large pool of highly skilled workers.
As of 2013, the country had more than 1 million college graduates available for work, with an additional 700,000 who were still studying or waiting to graduate.
To top it off, the workforce is generally young; more than 60 percent of Filipino employees are under 30 years old. This helps to ensure that businesses will have access to new talent throughout the duration of their contractual arrangement.
The cost of labor is equally impressive in the Philippines; according to one study conducted by International Data Corp., wages for specific industries in the country were as much as 60 percent lower than those in China and India. At the same time, recent economic reforms have made the Philippines a more inviting place for businesses to invest.
This includes initiatives such as opening up certain industries to foreign direct investment and offering tax incentives to companies that do business in special economic zones. These changes have helped drive down costs and led to an increase in capital investments throughout the country.
The Philippines is also well-equipped with modern infrastructure – making it easy for companies to send their operations there without worry about connectivity or telecommunications issues. Offshore data centers are already present throughout the country, as are financial markets, international airports, and a well-developed telecommunications infrastructure.
This ensures that businesses can easily connect with their workers in the Philippines and manage their operations from anywhere in the world.
Overall, the Philippines offers an attractive destination for offshoring services. With its large pool of talented workers, low labor costs, and modern infrastructure, the country is poised for continued growth in the years to come.
What factors do you think are most important when deciding whether or not to outsource services?