WHY OUTSOURCE
TO THE PHILIPPINES?
The Philippines is one of the most popular places to outsource work to, and for good reason. It has most of what any business wants when looking for places to outsource to—a steadily growing pool of possible workers, an intimate familiarity with Western culture, as well as excellent proficiency with the English language. Despite having well over 170 languages spoken within the country, there are only two that are considered official, Filipino the national language, and English. In fact, in the vast majority of offices, establishments, and schools (from pre-school to tertiary level) English is actually the official language.
Combine that with its cost-effective rates and famous “Filipino Hospitality,” the country has established itself as one of the premier venues for outsourcing companies. 645,000 students graduate from college every year in the country, and that figure continues to rise, making the Philippines one of top 15 largest workforces in the world. Here are some numerical facts about the country, which also further point out why outsourcing in the Philippines is the most ideal destinations:
A.) Country Overview
Source: Worldometers (2018)
Gross Domestic Product: $313.60 billion
Source: TradingEconomics (2018)
Gross Domestic Product Per Capita (PPP): $9862
Source: International Monetary Fund (2017)
Gross National Income Per Capita (Atlas): $3580
Source: World Bank (2016)
B.) Cost Competitiveness
Source: PayScale, August 2018
Salaries: Senior Software Engineer: 10.8% of US
Source: PayScale, August 2018
Salaries: Customer Service Manager: 19.1% of US
Source: PayScale, August 2018
Salaries: IT Project Manager: 19.1% of US
Source: PayScale, August 2018
Salaries: Operations Manager: 20% of US
Source: PayScale, August 2018
C.) Resources and Skills
Source: Philippine Statistics Authority, January 2018
Adult Literacy Rate: 96.3%
Source: CIA World Factbook, January 2018
Technological Readiness: Internet Access: 50.77%
Source: Statista, 2018
The Republic of the Philippines is a sovereign archipelago in the Southeast Asia sector, located in the western side of the Pacific Ocean.
Capital: Manila
Dialing Code: +63
Population: 106 million (Worldometers, 2018)
Gross Domestic Product: $313.60 billion (TradingEconomics, 2018)
Official Languages: English Language, Filipino Language
