In the Philippines’ Business Process Outsourcing Industry is seen to be active this year, event though it is yet to experience the impact of President Obama’s incentive reduction policy on US firms outsourcing their jobs overseas. They are still uncertain of what or how much the impact would be if such effort by the US government is implemented, this is according to the report by The Manila Times, Commission on Information and Communications Technology Commissioner Monchito Ibrahim stated.
In the State of the Union address, President Barack Obama mentioned that it was a time to cut the tax breaks from the firms that send their jobs offshore in order to encourage more jobs in the US and for the businesses to remain within their borders. The industry should not be alarmed by the announcement of Obama,, this is said by the Business Processing Association of the Philippines. The BPAP’s Executive Director Martin Antonio Crisostomo was quoted by the Times as saying that they believe that it would not have an impact on the outsourcing industry in the Philippines. The cost effectiveness of outsourcing in the Philippines could not be outweighed by the incentives provided by the US government. The 80 percent of the accounts of Business Process Outsourcing firm in the country are from the US.
For the 2010 amid a possible pressure on outsourcing by the US government, the Philippine Business Process Outsourcing sector targets a double-digit revenue increase and employment. The outsourcing industry expects a 26 percent growth this year.
The outsourcing is the best way in all of the techniques. The businesses and the people should know that this is the best in all of the strategy. The Business Process Outsourcing in the Philippines has a best development the study looked at the sustainability of the growth and development. It was prompted by the sector’s spectacular growth in several of its subsectors. The sustainability of the hyper growth situation are increasingly being felt. The industry experience difficulties in meeting the demands of the market-specifically the country’s ability to supply the skilled workforce.
Outsourcing finds solution in everything, especially when there is a problem in the business or in a company. The outsourcing helps to develop everything outsourcing companies earn lots of money because of this way. Most of the people outsource inside and outside the country or even inside and outside the company. All of us has a freedom to outsource but one thing that people should know is that in every situation you should plan before anything.
Most of the people know the good things that outsourcing brought in the economy and industry but some people just look in the bad side that outsourcing brought in the country. They think that outsourcing is not the best but they did not know that this is the great one to have a good development in the country. Despite of all the problems that outsourcing faces, this is still strong and continue to grow. In here there are lots of benefits and money to earn. A very helpful one.
REFERENCE:
http://www.sourcingline.com/resources/philippine-bpo-sees-growth-amid-us-outsourcing-pressure
http://www.traveldocs.com/ph/economy.htm
http://www.squidoo.com/philippineoutsourcing
http://www.atkearney.com/index.php/Publications/offshoring-opportunities-amid-economic-turbulence-the-at-kearney-global-services-location-index-gsli-2011.html
