Offshore outsourcing to the Philippines is a lucrative and growing market. As of 2012, over $1 billion USD worth of work was being outsourced to the country each year. This blog post will explore some popular offshore outsourcing trends in the industry, as well as what you can expect from our company because we are experts in this field.
In this article, we’re going to talk about the latest trends businesses should check out and consider, especially if they’re planning on outsourcing to the Philippines.
We’ve listed some of the best traits Filipino workers possess that could help you understand why the country is chosen by hundreds of business owners from around the globe.
English Proficiency
The Philippines is one of the most popular destinations for offshoring because they have a high English proficiency as well as low wages when compared to other countries in the Asia Pacific (such as India and Vietnam).
Huge and Diverse Talent Pool
One of the major trends in offshore outsourcing is that it's not just for manufacturing and IT anymore. You can now hire people to do administrative work, engineering, accounting, sales and marketing - basically any kind of project you might need help with. The Philippines has a very well educated workforce who speaks both English and Tagalog fluently, so they are able to provide high-quality customer service as well.
Versatility and Adaptability
One of the best parts about offshore outsourcing to the Philippines is that they are very familiar with American culture meaning there will be a less cultural clash when interacting and communicating with them. Filipino people also have a strong sense of family, which means your employees won't just feel like another number or hire but rather they will be cared for like a family.
Favourable Tax System
The Philippines has a very favourable tax system. They have special economic zones that are free from customs duties and import taxes on capital goods, raw materials, equipment and spare parts for ten years. This means companies can manufacture their products in the country without having to worry about losing too much money upfront due to taxes or tariffs.
Conclusion
The Philippines holds the top spot of being the best Offshoring destinations for businesses around the world. This is due to the wide array of benefits the country offers to foreign investors. Planning on offshoring? Choose the Philippines.
