Outsourcing Opens New Opportunities for Filipinos
When you say outsourcing, India is one of the first things that come to mind. But recently, India is experiencing a rapid growth in salaries, and companies are responding by looking at other countries for outsourcing.
So they discover the Philippines, a country that has a huge English speaking work force that is familiar with the Western lifestyle. In its history, the Philippines has been under Spanish and American rule, and the cultures of its former rulers are still deeply embedded to Philippine society until today. This makes the country very qualified for outsourcing.
But the best thing that makes the country a perfect candidate for outsourcing is the cheap labor costs. The minimum wage in the country is about $8, which is roughly a fraction compared to other countries. Even employees with college degrees can be employed for about $300 dollars a month, and that can be a dream come true for companies looking for outsourcing.
This cheap labor cost doesn’t translate to an advantageous and parasitic situation. In fact, the business process outsourcing sector has matured enough in the Philippines that it has become a big driving force in the economy.
Since the country has a population of over 100 million, competition for jobs is becoming more serious. Outsourcing gives additional job opportunities for the people of the Philippines.
Look at how BPO companies across the country help the people not only in the financial sense, but also in the sense of fulfillment that they are doing something that matter. The Philippines offshore workers at the Pinoy Partners Outsourcing Center provide web and IT services, business support, and creative services across the globe.
The country has a generally weak economy and a relatively big population, so these web and IT professionals, business support experts, and creative minds could end up not utilizing their skills because of tight job competitions. But thanks to outsourcing, these talents will have more options to maximize their potential.