Outsourcing to the Philippines
Highlights
- Low Cost
- Excellent English skills
- Extensive Knowledge in Technology
- Globally Competitive
- High Cultural Adaptability
- Large Number of Highly Skilled Workers
- Accelerating Economic Growth and Stability
The Philippines is fast becoming one of the leading destinations in regards to outsourcing. Most people think of India as the obvious choice, but most clients today are put off because of unreasonable salary increases, problematic retention issues, and the clear differences in culture. Looking at the reasons below can help determine the strength of the Philippines as a viable choice for your outsourcing needs.
Low Cost
Unlike other Asian countries, Philippine peso has a lower rate of exchange to a dollar. Outsourcing to the Philippines can save you half of your expenses rather than hiring from another country.
Excellent English Skills
English is the Philippines’ second language, and it is taught intensively even during primary education. A literate Filipino can speak, read and understand English, and most of them can converse fluently and effectively. Most Filipinos definitely don’t need a translator when interacting with other English-speaking people, and this has made the Philippines different from other Asian countries. This advantage has also resulted to the BPO industry boost in the country and allowed it to become globally competitive in the field.
Extensive Knowledge in Technology
Hundreds of computer-related courses are offered by thousands of computer schools and universities all over the country. Most Filipino youths were highly interested in this field, and this inclination has allowed them to excel in anything related to technology.
Globally Competitive
Due to the profound unemployment rate in the Philippines, college graduates who are unemployed are continually increasingly annually, thereby paving the way for stiff competition. This condition works for the benefit of the employers because new graduates are forced to make themselves globally qualified for the job and those who are employed are forced to perform better to be able to keep their jobs.
High Cultural Adaptability
The Philippines is an amalgamation of cultures, a result of being a colony for three different countries over the centuries. Because of this, Filipinos have gained the innate ability to adapt quickly to different cultures. With a growing global culture over the horizon, the Philippines has a major advantage over other Asian countries because of its great familiarity with both Eastern and Western cultures.
Large Number of Highly Skilled Workers
Contrary to the common misconception, Filipinos are actually highly talented at what they choose to do. Again, this has something to do with their history, as they were required to do a variety of tasks in order to survive. Some are considered jacks-of-all-trades, while others are highly efficient specialists in their craft.
Accelerating Economic Growth and Stability
In the last few decades, the Philippine government has had a hard time providing jobs to the hundreds of thousands entering the workforce each year; causing a significant portion of highly skilled and talented people to migrate overseas. Today, the Philippine economy is rapidly growing, and it owes this partly to the BPO industry for providing more local opportunities to workers. For these reasons, BPO firms have little trouble finding highly skilled people for their clients. This stands in stark contrast with India, where finding and especially keeping employees is a serious problem.
So what are you waiting for? Outsource your business processes to the Philippines today!
