Well known for its great white sand beaches, clear blue oceans and warm hospitality – Philippines have become one of the greatest tourist destinations in Asia. But in the recent years, the country has proven itself to be so much more than the perfect vacation getaway.
In the year 2015, Philippines took over Mumbai’s position as the 2nd top ranking BPO destination in the world.
With a workforce composed of highly literate young individuals and competitive labor rates, numerous countries around the world favor the Philippines as a good destination for offshoring – one of them being, Australia.
Most Australian firms prefer the geographical time zone the country has. Cities of Perth and Western Australia have the same time zone while there is only a two hour difference to the Australian Eastern Standard Time.
The country has a large number of well-educated workforce with over 600,000 tertiary graduates. Universities and schools encourage development by providing skills that companies need, like speaking the English language fluently which caters specifically to the requirements of the BPO Industry.
And with over 100 million citizens, majority of which are young professionals, the country produces over 450,000 college graduates every year. This continuously contributes to the country’s growing talent pool. Recent studies have said that over a million of Filipinos have worked in the BPO industry and the numbers are increasing exponentially.
Another factor that led the Philippines to become one of the top BPO destinations is its lower cost. From labor rates down to office space leasing, companies save a lot due to low cost of living. The affordable pricing of course is inclusive of great services and facilities.
The economic growth brought by the BPO industry also attracts firms to the country. Experts reported a prominent increase in the revenue of BPOs in the year 2016. Strategic advisory firm Tholons have recognized the consistent growth rate of contact support, finance and accounting in the country. In addition to this, significant improvement have also been observed in crucial areas that impacts the success of businesses in a foreign setting.
In another report, the Philippines sit between Indonesia and Vietnam it terms of how easy it is to start and operate a business in an Asian country. The country’s archipelagic landscape also contributes to how diverse the local economy is – offering different benefits and various capacities to host small to large enterprises.
With numerous tourist attractions near prime locations such as beaches, hot springs, resorts and spas that are only 2 or 3 hours away – you can relax when the city bustle gets a little too much for you without having to file for an extensive leave.
So why not try having the best of both worlds? Numerous seat leasing providers and coworking spaces in the Philippines’ prime business spots like Mandaluyong City, Makati City and Ortigas Center – await you.