The Philippines ranks 9th out of 50 countries on Kearney’s Global Services Location Index (GSLI), a ranking index that helps businesses choose where to locate their outsourcing operations. The country’s relatively low cost of living allows businesses to save up to a whopping 70% of labor costs while enjoying higher-value service offerings, a healthy work environment, and digital resonance.
BENEFITS OF OUTSOURCING IN THE PHILIPPINES
Staying competitive in today’s global market requires strategic planning to maximize efficiency and minimize costs.
In today’s globalized economy, businesses are constantly seeking ways to be ahead of the curve. One popular strategy that has gained significant traction over the years is outsourcing. Among the numerous outsourcing destinations, the Philippines has emerged as a top choice for businesses worldwide. Here’s why:
The Philippines boasts a large pool of talented and skilled professionals. With 1.6 million college graduates in 2022, foreign investors know that there is no shortage of talent in the country. Their solid educational foundation ensures that businesses can easily find highly competent individuals in fields such as customer service, IT, accounting, and more.
English proficiency is an essential asset for effective outsourcing, and the Philippines ranks highly in this regard. The country’s education system places a strong emphasis on English language proficiency, making it widely spoken and the primary language of business and education. Communicating fluently in English eliminates language barriers and ensures smooth communication channels between onshore and offshore teams, minimizing potential miscommunications and misunderstandings.
Outsourcing to the Philippines offers significant cost savings for businesses. The cost of labor in the country is notably lower compared to developed countries, allowing companies to access a talented workforce at a fraction of the cost.
The Business Process Outsourcing (BPO) industry is one of the largest contributors to the country’s economy, which is why the government supports the sector through different initiatives and incentives. Having business-friendly policies attracts foreign investment, further enhancing the cost-effectiveness of outsourcing operations.
The Philippines has made significant strides in developing its technological infrastructure. The country boasts a reliable telecommunications network, robust internet connectivity, and modern IT facilities. This technological advancement enables seamless remote collaboration, secure data transmission, and access to state-of-the-art software and tools, enhancing the efficiency and productivity of outsourced operations.
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PROMINENT SKILLS AND QUALITIES OF FILIPINO STAFF
There are several things to consider before hiring a Filipino employee. However, this process is simplified by partnering with BPO companies, since they specialize in providing excellent outsourcing services.
BPOs make it easy for businesses all over the globe to find and hire offshore staff and eventually build their own remote teams. Here are a few things clients should know about Filipino staff:
HOW TO HIRE FILIPINO EMPLOYEES?
READY TO OUTSOURCE IN THE PHILIPPINES?
Outsourcing to the Philippines provides a multitude of benefits for businesses looking to optimize their operations and stay competitive in the global market. The country offers a highly skilled workforce, cost-effective operations, cultural compatibility, strong English proficiency, and a robust technology infrastructure.
By leveraging these advantages, businesses can streamline processes, increase efficiency, and focus on their core competencies while enjoying the cost savings and high-quality service delivered by their Philippine-based outsourcing partners.
Talk to our outsourcing experts today, and let’s work on building your remote team!