Why Companies Choose the Philippines for Offshore Outsourcing
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In an effort to stay competitive in today's aggressive economy, companies are turning more and more to offshore outsourcing. The cost savings, between 20% to 40%, represents a significant, sometimes in millions of dollars for these companies. In addition, today’s global businesses are very aware that time is money, offshore outsourcing can mean your business is working for you 24 hours a day. But the Philippines offers more than economics and time zone difference aside to land the top spot as number one offshore outsourcing choice in Asia.
The Philippines has a vast talent pool of English speaking colelge graduates due its very high literacy rate of ninety-two point six percent (92.6%) and it’s more than eighty-six (86) IT universities and colleges nationwide. In addition, Filipinos fluently adopt accents and taxonomy, easily grasping American idioms and usage. Education, business, medicine and government use English as the official language.
The Philippines is the most Westernized country among all Asian countries that provide offshore outsourcing, studies show. As a former US colony, it’s education and political systems were patterned after those of the United States. As a former US colony, it’s education and political systems were patterned after those of the United States. Filipinos prefer american televisions, movies, western culture, and US pop culture. Beyond the socio-politcal structure, proving that their admiration for all things American goes beyond just mere socio-political structure. Most people grew up watching “I Love Lucy” and “MacGyver”. And at any busy intersection, there’s the omni-present McDonalds or Starbucks or both. Even something that is an Asian invetion such as the karaoke shows American influences in the Philippines. Nat King Cole, Matt Monroe, and other American classics are top karaoke choices, with the unbeatable king of karaoke songs Frank Sinatra’s “My Way” reigning supreme.
The Philippines is recognized in the whole Asian region as having one
of the best telecommunication infrastructures, making it the top
location choice for offshore outsourcing companies. Having housed two
decommissioned US military installations, Clark Air Force Base and
Subic Naval Port, the country has outstanding trans-pacific
communication infrastructure with a exceptional amount of voice/data
communication bandwidth. Videoconferencing links, internet-based
collaboration tools, and standardized business applications make
managing your offshore outsourcing partner in the Philippines easier
than ever.
And there’s more reasons why companies are
chooseing the Philippines. Cccording to recent studies by Kelly
Services recent study in partnership with Singapore-based ACA Research,
Inc., Filipinos are healthier, more loyal to their employers, and have
better language skills than all other offshore outsourcing counterpart
countries. Filipinos take less time to train, which means foreign-based
employers spend less for training. With its capabilities, knowledge,
language, the culture, and the infrastructure, the Philippines offers
the best possible environment for achieving your organizations offshore
outsourcing goals.
About the author:
Eli Loper is the CEO of TrafficSupport Inc. Traffic Support is a business process outsourcing provider with offices located in both the United States and the Philippines. For more information about TrafficSupport, please visit http://trafficsupport.net
This article may be used on other relevant websites as long as a reference to the author and a link to Traffic Support is included.
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Offshore Outsourcing says:
7 months ago
Thanks for sharing this informative article with us.