One of the fastest growing industry sectors in Philippines currently is the business process outsourcing (IT-BPO) industry. It has transcended the geo-political climate of the country, and is now more than just a lucrative enterprise as it provides high-quality, well-paying jobs to millions of Filipinos while encouraging economic activity and investments all around.
The country's success as a BPO haven has seen its rise as a global leader in providing value-added business process outsourcing services, and according to Tholons, as of 2015, Philippines ranks as No. 2 in the top 100 outsourcing destinations in the world.
Over the years, one of the key reasons behind the growth of BPO in Philippines has been the extended support of the Government led Philippines Development Plan, which ensured incentivized local and international investments and other tax benefits. Also, there have been other contributing factors as well which have played a huge role in how the BPO industry has changed the face of the island nation's economy. Let's have a look at them -
There is a reason why BPO in Philippines is commonly referred to as the "sunshine industry" of the country. In just a few years, the BPO Industry in Philippines has eclipsed countries such as India, which has lost as much as 50 percent business to Philippines in the past few years (Assocham). Over time, there have been several key factors which have ensured Philippines' steady rise as a world player in BPO services.
Some of the factors include -
With a sound business and perceived risk environment, lower taxes, investor support, and a stable government, Philippines is a business destination like no other. Flatworld Solutions, with more than 500 employees working out of a state-of-the-art delivery center based in the heart of Davao city, Philippines provides services ranging from call center, finance and accounting, animation services, etc.
Contact us now to outsource BPO to Philippines.
Want to know what makes outsourcing BPO services to Philippines so profitable? Let's have a look.
The call center industry is now one of the fastest growing industries in Philippines.
Davao City is already a host to major global companies that are benefiting by outsourcing to this happening location in the Philippines.