Pros and Cons of Outsourcing to the Philippines

1. Title: Pros and Cons of Outsourcing to the Philippines Keywords: ● Outsourcing to the Philippines ● Outsourcing ● offshoring Article: Pros and Cons of Outsourcing to the Philippines Outsourcing to the Philippines has been a decision that many CEOs from around the world face. This is due to the fact that the country has long been established as a key planner in the outsourcing industry, along with countries such as Brazil, India, and countries from Eastern Europe. However, outsourcing to the Philippines also requires thorough research and proper decision making in order to achieve success and efficiency. There are pros and cons of outsourcing business process work to the country, and in this article, we’re going to tackle the advantages and disadvantages of outsourcing to one of the fastest rising economies in Southeast Asia: Philippines. Pros of Outsourcing to the Philippines It Saves Time Outsourcing to the Philippines can save business owners’ precious time. This is as time-consuming and repetitive business processes are now taken care of by your chosen BPO provider in the country, making business owners focus more on their business’ core functions. It Saves Money Outsourcing non-core functions of your business can help you save at least 40% of the average costs, especially if you’re offshoring or outsourcing works overseas. For example, a mid-level developer in some country usually charges about $100-$150 per hour, which is quite expensive. On the other hand, outsourcing to the Philippines can help you find staff with the same level of expertise for less than $2000 per month. Cons of Outsourcing to the Philippines Data Security Virtually all data protection and privacy regulations state that firms can’t share the risk of compliance, which means that if your outsourcing partner fails to protect your company’s data, your company is at fault and is liable for any associated penalties or legal actions that might arise from the exposure of that data. Loss of Visibility and Control Perhaps the biggest outsourcing risk is the loss of visibility and control. Loss of visibility and control is a common fear many CEOs have when deciding to outsource. Loss of control in outsourcing can mean very high costs with a sub-par product or service