According to an article in Business Week Cheap Michael Thomas Jersey , the Philippines is on target to grow its business process outsourcing revenues to $13 billion, and provide jobs for 650,000, by the end of 2010. So Cheap Alvin Kamara Jersey , what exactly are the advantages of outsourcing to the Philippines that have made it a first choice outsourcing solution for businesses across the globe?
- Available Skills Match Industry Needs
About a quarter of Filipino graduates are qualified for business-related jobs like accounting and marketing. Additionally, many of these professionals have had extra customer service training. The skills available in this pool of professionals match the needs of many U.S. businesses.
- Lower Costs
Outsourcing to the Philippines can save a business as much as 30-40% in operational expenses. This is huge savings for small and medium-sized companies especially. Here is something worth taking note of - the minimum wage rate in the U.S. is about $8 per hour; in the Philippines it is $8 a day!
- Language
First and foremost is the ability to speak English well and have no foreign sounding accent. This is of the utmost importance for many businesses. Its success has been so stellar that industry players estimate India has lost around 100,000 call center jobs to the Philippines due to its "high-quality voice skills" and status as the third-largest English-speaking nation in the world.
- High Levels of Literacy, Skills and Education
The Philippine government places high priority on education and this is evident in the high 92.6 percent literacy rate (per CIA figures). The Philippines produces about half a million college graduates every year. This means that there is a significant pool of talented and highly-educated professionals available to choose from.
- Shared History And Matching Cultures
Did you know that the Philippines were the first colony of the U.S.? For nearly 50 years (1898-1946) the Philippines was governed according to an American system. During this period Cheap Drew Brees Jersey , the country was exposed to American language, education, politics and cultural values. To this date, many Filipinos are keenly aware of what is happening in America in sports Cheap Taysom Hill Jersey , politics, fashion, etc.
- Good Work Attitudes
Countries in the Middle East and in Europe give high preference to Filipino workers because they are honest, well disciplined Cheap Chauncey Gardner-Johnson Jersey , and hard working. Many countries hiring delegations to the Philippines on a regular basis to select workers for their local businesses. These testaments show that Filipinos are not only hard-working, but that they are trustworthy and can also be relied on to produce the results expected of them.
- High Internet Usage Among Filipinos
Internet usage among Filipinos is high. The country has a 25% Internet penetration rate compared to 7% in India. The Internet and telecommunications industry in the Philippines is growing at a very fast pace because of the huge demand for internet access. It is expected that internet literacy among Filipinos will continue to grow at brisk pace.
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