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Renowned BPO Destination
Over the past years, Philippines have grown to be one of the most sought after BPO location, globally – ranking in second after India in Tholons 2016 Top 100 Outsourcing Destination.
Businesses around the world favour the country for its blooming BPO industry and steady economic growth. The country’s workforce and efficient business costs creates an ecosystem perfect for start-ups and offshore sites.
With the government giving its full support to foreign investment, Philippines is undoubtedly a business haven.
Diverse Talent Pool
The large talent pool of well-educated young professionals continues to attract investors into the country.
Producing over 450,000 college graduates every year equipped with the needed knowledge and skills to become experts in their field, the Philippine labor force continues to undergo significant improvement.
The country also guarantees accent neutrality and English proficiency among all members of the tech-savvy workforce with a literacy rate of 94.6%S
Low Operational Costs
Compared to other South-East Asian countries, the cost of living in the Philippines is significantly lower. The daily minimum wage of an employee starts around $9 per day – less than a fifth of the minimum in US as well as UK.
Other overhead expenses such as office rentals, utility costs, supply costs and other third party services that ensures you with smooth business operations can be attained without spending too much
The readily available support from the government have allowed the local BPO industry to become one of the main revenue generators of the Philippines.
Past administrations have set up special economic zones to nestle the various outsourcing service providers from around the globe. As of 2014, there are 11 international gateway operators in the country and 13 submarine cables with corresponding landing points.
Other factors such as transportation, education as well as utility infrastructure are constantly being improved to serve the needs of the BPO industry
Known for its archipelagic landscape, the Philippines offers the perfect balance between work and play.
The country provides investors with several tourist destinations for the perfect vacation getaway after a taxing month at work. Nowadays, several provinces like Cebu and Batangas are rising into new BPO destinations ready to serve international businesses – giving them the option to pick locations near relaxing beaches.