WHY OUTSOURCE
TO THE PHILIPPINES?
Outsourcing to the Philippines has become a prevalent practice among businesses worldwide due to the country’s exceptional capabilities in providing high-quality services. Several factors make it an ideal destination for outsourcing, making it a hub for a wide range of industries.
One of the most significant advantages of outsourcing to the Philippines is its expanding pool of highly skilled professionals. The country boasts a robust education system, producing graduates who possess a solid foundation in their respective fields, making them valuable assets to any business.
Additionally, the Philippines is known for its exceptional proficiency in English, making it an excellent fit for Western businesses. English is the main language used in all aspects of business operations, including communication, writing, and customer service. This attribute alone makes the Philippines an exceptional destination for outsourcing companies.
The country is also renowned for its hospitality, which is commonly referred to as the “Filipino Hospitality.” This trait is innate in Filipinos, and they have a propensity for treating their customers and clients with warmth, politeness, and respect. Moreover, 645,000 students graduate from college annually, increasing the work pool. This takes the Philippines into the top 15 largest workforces globally.
Here are compelling numerical facts highlighting why outsourcing in the Philippines is the most ideal destinations:
A.) Country Overview
Population: 118 million
Source: Worldometers (2023)
Gross Domestic Product: $404.28 billion
Source: TradingEconomics (2022)
Gross Domestic Product Per Capita (PPP): $3527.98
Source: TradingEconomics (2022)
Gross National Income Per Capita (Atlas): $3950
Source: TradingEconomics (2022)
B.) Cost Competitiveness
Salaries: Software Engineer: 13.09% of US
Salaries: Software Developer: 11.35% of US
Salaries: Technical Support Representative: 7.96% of US
Salaries: IT Representative: 10.79% of US
Salaries: Copywriter: 11.87% of US
Source: Outsource Accelerator (2023)
C.) Resources and Skills
Workforce Size: 47.67 million
Source: Philippine Statistics Authority (September 2023)
Adult Literacy Rate: 99.27%
Source: GlobalData (2021)
Technological Readiness: Internet Access: 58.90%
Source: Statista (2023)
The Republic of the Philippines is a sovereign archipelago in the Southeast Asia sector, located on the western side of the Pacific Ocean.
Capital: Manila
Dialing Code: +63
Population: 118 million (Worldometers, 2023)
Gross Domestic Product: $404.28 billion (TradingEconomics, 2022)
Official Languages: English Language, Filipino Language