Advantages of Outsourcing to the Philippines
Whether you’re outsourcing your business’ IT or marketing needs, the Philippines has a long-standing reputation for being a great outsourcing location. From its economy to its regulatory environment to its talented and skilled freelancers, the Philippines is an outsourcing destination with many advantages.
Economic lifeline of the entire South-East Asian country
Almost one-fifth of the total trade in Southeast Asia is intra-regional. This includes trade with Southeast Asian countries themselves. It also includes trade with countries outside the region. Trade with the United States, Japan and Europe accounts for the lion’s share of the region’s trade.
The ASEAN countries have experienced significant economic development since the mid-1960s. However, the region faces some serious challenges. In particular, creating a frictionless political-economic union is a major task. Moreover, many of the countries in the region are still in the middle of their development processes, and are uncertain about how to embrace globalization.
Southeast Asia is a strategic region that provides a convenient location for operations in the Asia-Pacific region. However, it also has its share of problems, ranging from landlessness to crop failures.
Strong regulatory environment
Despite being a former Spanish colony, the Philippines has an extensive and healthy mix of South-East Asian and Western influences. This cultural similarity plays a big role in outsourcing. The Philippines has also adopted one of the strictest data privacy acts. This ensures that confidential data is protected in line with international standards.
The Philippines has also made great strides in fostering the growth of the BPO industry. The industry has become an important contributor to the Philippines’ economy. This industry has created thousands of jobs for Filipinos. It has also improved the quality of life for the Filipino population. The Philippines is also home to millions of young people. This generation understands that technology can be used for better business solutions.
The Philippines outsourcing sector has been processing highly sensitive client data for more than two decades. The government has been instrumental in encouraging the growth of the industry. It has also introduced incentives to encourage more BPO companies to choose the Philippines.
Experienced and trained freelancers
Choosing to hire an experienced and trained freelancer in the Philippines can save you money while at the same time bringing results to your business. It’s a fact that business owners hire freelancers from developing countries to avoid the high cost of hiring US workers. Moreover, they are willing to work for a lower rate than their US counterparts. In addition, they don’t require constant supervision, allowing you to focus on the more important tasks. Experienced freelancers also likely know about the latest tools and platforms.
One of the most effective ways to do this is to hire a service outsourcing company based in the Philippines. A company that specializes in this type of service is called Virtual Staff Finder. It enables businesses to hire qualified candidates through a simple and streamlined onboarding process.
Semi-Western culture
Compared to its Southeast Asian neighbor, the Philippines has been around for quite some time. That is no surprise considering it’s one of the oldest strategic partners in Asia. The country produces a slew of quality products and services that are of use to a wide array of businesses. If your business is in need of an outsourced HR or accounting department, you’re in luck. Likewise, the country is home to some of the best software development talent in the business.
The country also boasts some of the lowest employee compensation in the business. Despite these perks, the Philippines is still a fiercely competitive competitor for various business needs. The country is a great fit for your BPO needs, but you should be armed with a comprehensive list of requirements before you embark on your next outsourcing adventure.
Good communicators
Having good communicators when outsourcing to the Philippines is important for success. They are crucial to creating great client relationships. They also contribute to business progress. They enable employees to communicate across cultural and linguistic barriers. They save businesses money and time.
Good communicators are also important for the success of call centers. The Philippines’ business process outsourcing industry is expanding quickly. As a result, companies prefer to hire employees from the Philippines who can speak English well.
Filipinos can also provide excellent customer support. They can address customer concerns appropriately and can remain calm even when talking to an irate customer. This is an asset for companies that outsource customer support services.
The Philippine economy is mainly divided into two major sectors. One is the BPO industry, which contributes around $26 billion to the country’s economy. The other is remittances of OFWs.
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