How Outsourcing To The Philippines Can Help Your Business
Thursday, February 18, 2010 3:06The Philippines is on target to grow its outsourcing revenues to $13 billion, and provide jobs for 650,000 people, by the end of this year. So, what exactly are the advantages of outsourcing to the Philippines that have made it a first choice outsourcing solution for businesses across the globe?
- Language
First and foremost is the ability to speak English well and with no accent. This is of the utmost importance for many businesses. Its success has been so stellar that industry players estimate India has lost around 100,000 call center jobs to the Philippines due to its “high-quality voice skills” and status as the third-largest English-speaking nation in the world.
- A High Level of Literacy and Education
The Philippine government places high priority on education and this is evident in the high 92% literacy rate (per CIA figures). The Philippines also produces about half a million college graduates every year. However, only a third of these graduates get employed locally. This means that there is a significant pool of talented and highly-educated professionals available to choose from.
- Available Skills Match Industry Needs
About a quarter of Filipino graduates are qualified for business-related jobs like accounting and marketing. Additionally, many of these professionals are eligible in customer-related functions. The skills available in this pool of professionals match the needs of many International businesses.
- Lower Costs
Outsourcing to the Philippines can save a business as much as 40% in operational expenses. This is huge savings for small and medium-sized companies and for start-ups. Here is something worth taking note of - the minimum wage rate in the U.S. is about $8 per hour, whereas in the Philippines it is $8 a day!
- Good Work Attitudes
Countries in the Middle East and in Europe give high preference to Filipino workers because they are hard working, well disciplined and honest. Many countries regularly send hiring delegations to the Philippines to recruit workers for their local businesses. These testaments show that Filipinos are not only hard-working, but that they are trustworthy and can also be relied on to produce the results expected of them.
Learn more about outsourcing to the Philippines at http://squidoo.com/outsourcing-outsource
