Offshore is the practices of hiring an external organization to perform a business functions in a country. To third party providers in other countries it is considered to have a great monetary value by means of subcontracting non-core business processes. Companies who outsource services can save to as much as 70 percent of their business capital and increase the company revenue as well.
One of the most prominent outsourcing locations within Asia is the Philippines. Philippines is also the most westernized country that provides offshore outsourcing. Its educational and political systems were patterned to the United States since the Philippines was colonized by the US. Filipinos are good not only in English language but at the same time Filipinos are well aware of American culture and work ethics.
In outsourcing Philippines there are a lot of opportunities, with the global demands of foreign multinational companies the business process outsourcing or BPO industry of the country can deal. The country is recognized as one of the power players in outsourcing business. In Asia it has one of the best telecommunication infrastructures making it the primary location of choice for offshore outsourcing. With an impressive amount of voice and data communication bandwidth, the Philippines has outstanding trans-pacific communication infrastructure. The modern application of technology in the country and the standardized business process applications, it makes the management of offshore business in the country much easier.
The Business Process Outsourcing industry in the country is known as the Philippines sunshine industry because it is the fastest growing among different sectors. The Philippine BPO industry keeps on growing aggressively not only in the country but also in key outsourcing locations around the world. It has proved its strength to stand even with the recent global financial crisis. The country’s low cost of labor and vast pool of English speaking professionals gives it a competitive edge in the Business Process Outsourcing competition. The Philippines is very ideal in the global business market. To the attest to the effectiveness of outsourcing services to the country, some international companies and businesses can attest. The country boasts its high literacy rates and less expensive operational costs. With an efficient Information Technology skills that can help in improving technical support and web development, outsourcing companies in the country are comprised of a large volume of English proficient staff members. Philippine outsourcing helps the economy. More and more people wants to outsource because it has lots of money in outsourcing wherein they can provide enough money to their family.
REFERENCE:
http://www.articlecube.com/Article/What-Outsourcing-Philippines-can-offer-to-Business/1427886
http://www.zimbio.com/IT+Outsourcing/articles/_TWum2E8_4O/Outsourcing+Philippines+can+offer+Business
