Business
Process Outsourcing Business Processing Outsourcing (BPO) industry is growing rapidly in the Philippines. It is an economic force that propels Philippines
to be considered as the emerging global leader in the BPO industry. There
continues to be a vast untapped potential for outsourcing in the country
displaying an accelerating growth of the global offshore market. Some BPO services here in the Philippines are
call centers, software development, animation, encoding, accounting and payroll
outsourcing.
India
is known as the distinguished leader of the call center industry. 2006 showed a marked increased globalization
for BPO especially overseas contact centers in Asia, Central and Eastern Europe. India has over 1 billion population which
encompasses the 87 million population of the Philippines. The language widely spoken is English not to
mention 1,652 different native languages.
Why Invest in Philippines?
In early 2000, however, Philippines,
an agricultural country, is currently getting recognition in the call center
arena. As a result, the country are
considered as the major player and notable competitor of India. Thanks to the support of the government, the
contact centers everywhere in the Philippines are developed with
sophistication. When you select the Philippines as
your offshore business processing outsourcing provider, you are assured of improved productivity,
operational efficiencies, reduced cost of operations and strengthening your
competitive position. Philippine BPO industry
has advantages that include good quality education, good value, overall quality
and efficiency, low cost, increasing domain expertise and increasing
performance metrics and program management skills. The colonization of Americans has greatly
contributed on Filipinos and their fluency in the English language. Another great reason is exhibited in the
literacy rate of 92.6% from 2000-2004. It
currently has an average of 92.6 literacy rate with a large pool of qualified
fresh college graduates who are looking for white-collar employment.
The Philippines
holds many advantages over the alternative Asian sites including India:
Labor costs are equivalent to China. The Philippines offers, fluency in the
English language, skilled labor pool and infrastructure stability, making it a
perfect choice. There is a high prevalence of spoken American English as a
result of the cultural and social affinity with United States of America. There is availability of modern and stable
infrastructure namely water, electricity, roads, telecommunications, large pool
of qualified college graduates, government support and tax breaks for the
industry, access to skills conforming to US professional standards and more
associated work environment for trainers and managers compared to other Asian
options.
The Philippines
tends to be ranked next to India
as the second option for outsourcing.
This is foreseen to change in the next few years since Philippine call
center industry develops and enhances its infrastructures and the government
actively seeks to enhance the English skills of the future workforce of the
country.
The Philippines
continues to take the world of information technology in the likes of BPO and
call centers. It is evidently seen as
large call centers are located in the major business districts in Metro Manila
and provinces across the country.
The Philippines continue to conquer the
world of information technology such as BPO and call centers. The valuable
knowledge of the Filipinos in customer service and other valuable resources are
among of the few reasons that the Philippines
is surpassing India.
Large call center companies are occupying the skyscrapers in the major business
districts in metro Manila
and other provinces in the country.
These centers of technology and learning run the length of all
regions. Form Baguio
to Clark to Metro Manila to Cebu to Davao. The Philippine president, Gloria Macapagal
Arroyo, in her State of the Nation Address in July 2007, emphasized that the Philippines
ranks among leading global offshore hubs due to cost-competitiveness and more
essentially English proficient, highly trainable, IT-enabled management and
manpower. The spurt of BPO services in
different parts of the Philippines
has contributed substantially to the nation’s revenue collections.
The labor pool, cost and
government policies of India
and Philippines
varies greatly. As of 2006, the labor pool of the Philippines
produces 440,000 graduates annually while India produces almost 380,000
graduates. The country has a stable
large pool of quality labor of personnel who are multi-skilled,
highly-trainable, highly educated, literate and, most of all, English-speaking
workforce. Filipinos speak idiomatic
American English better than Indians with a more neutral accent. The Philippines
is an outstanding destination of a wide array of offshore services. The skill of the Philippine IT industry is
world class.
With the facts presented, it is
foreseen that Philippines
will be a promising key player in the global BPO industry, owing to the fact of
being highly adept at providing high quality labor at a fraction of a cost.
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