Benefits of Outsourcing in the Philippines

1. Benefits of Outsourcing in the Philippines Outsourcing has become one of the most recognizable business strategies in the world. It promotes various advantages and provides a faster, efficient and effective solution in keeping a business’ functionality or services without sacrificing time and spending a lot of money. In most cases, business owners tend to outsource their services abroad. This can be done through offshoring, and one of the best places most businesses find is the Philippines. In this article, we’re going to talk about the key benefits of Outsourcing in the Philippines. What is Outsourcing? Outsourcing is the practice of hiring a third-party to perform tasks and services that traditionally are done by the company’s own employees and staff. Recognized as a business strategy in 1989, the process became an integral part of business economics throughout the 90s. Most businesses tend to look for the best outsourcing companies to cut labour costs, which include salaries for their personnel, overhead, equipment, and technology. Companies also use outsourcing to focus on the core aspects of the business, by making the third-party work on the less critical operations. In some cases, businesses also consider looking for a third-party overseas. The process is called offshoring, this is the relocation of a business process from one country to another. This also promotes inexpensive labour without undermining the performance done on each task. Outsourcing in the Philippines The Philippines is one of the South-east Asian countries that provide both outsourcing and offshoring services. BPOs in the country provide some of the best services such as digital marketing, IT Services, Virtual Staffing Solutions, and call centres. One of the main reasons why outsourcing in the Philippines became the best choice of most companies is due to the pricing, let’s talk about more of the benefits of outsourcing in the Philippines. 4 Benefits of Outsourcing in the Philippines Great Costing Pricing is one of the advantages and the biggest reason why companies outsource in the Philippines. The cost of labour in the Philippines is almost half of that in the United States or the UK. On the other hand, outsourcing in the Philippines also lets you save on other expenses such as paying for office space, legal and HR costs, equipment, taxes, and so on. It is also mentioned that business owners can save an average of over 60% simply by outsourcing in the country. High-Quality Deliverables Many research publishers have mentioned that the BPO industry in the Philippines regularly ranks at the top of service delivery quality surveys conducted amongst clients overseas. Performance efficiency is crucial in ensuring the country was able to gain 2 million employed BPO professionals in a span of 4 years. Data Privacy and Security Since outsourcing operations usually include the sharing of confidential data, the Philippines has passed the data privacy act in 2012. This ensures the client’s data privacy and security by implementing strict regulations in place to protect data from unauthorized access. Strong Government Regulations In accordance with the Data Privacy and Security benefits, the Philippines also has strong government regulations which help the country become more recognizable especially when it comes to the BPO industry. This includes coordinating with universities to create BPO specific curriculum, government accredited training centres and the creation of the National Informatiomation and Communication Technology Council to further the growth of the BPO industry.