It's almost been a decade since the Philippines made headlines by becoming one of Asia's first outsourcing destinations and it still remains to be on top of its game

The Philippines has been known as a world-class provider of offshore business process outsourcing for over two decades. 

The country has come a long way in showcasing its business process outsourcing (BPO) expertise and in making itself an integral part of the world economy, providing professional services that span across different industries outside the region as well.

In this article, we’re going to talk about the different reasons why offshoring to the Philippines has become the best decision for businesses.

26% of the country's GDP is exported. This is partly due to offshoring companies choosing this as a location for business or manufacturing operations. The former Philippine President says that in 2010 the country will be able to sustain its growth and anticipates it growing further.

A lot of BPO companies are also located in the Philippines and have boosted local economies through employment opportunities and increased revenue streams. BPO companies employ over 500,000 people, directly and indirectly, create many more jobs with associated support services such as accounting, advertising etc.

They make use of Filipino know-how when dealing with English speaking countries particularly North America which makes them a very attractive option for US-based firms looking at offshoring to a BPO.

The Philippines is a country on an island in Asia. It is one of the most popular offshoring destinations for service providers because it has a very high level of English language competency, very low-cost labour and many highly educated workers.

The Philippines has the second-largest English-speaking population in Asia. It also has a high literacy rate and high level of education among its people, a large pool of multilingual business graduates. 

This makes Filipinos excellent candidates for BPOs as they are highly educated and can easily pick up new skills. The Philippine economy continues to grow at over 6% annually, making it one of the fastest-growing economies in East Asia's developing market area.

The first option for many companies seeking new locations is China due to its large population base and cheaper salaries, but this can often mean dealing with risks such as language barriers, lack of transparency in business practices, cultural differences and limited infrastructure.

In contrast, the Philippines has become a popular alternative to China for offshoring BPO due to its supportive government policies, better infrastructure, educated English-speaking workforce, a stable economy and, most importantly, the availability of highly skilled workers.

You can save a lot of money by hiring help from overseas.

The cost of living in the Philippines is lower than in many other countries, making it more affordable for you to hire help from overseas. It may be time to outsource some work if you have been thinking about doing so and find yourself with outsourcing capabilities but no one to actually do all the extra work that needs to get done.

You can hire help from other countries with minimal fuss when you outsource to a country like the Philippines. A worldwide outsourcing solution such as this lets you expand your business, save money, and take advantage of all opportunities that could come up in the future. 

You may be thinking that hiring someone inside your own country would be easier, but it's not necessarily true. Making sure you have everything handled properly can cost more than researching offshoring companies and going ahead with a plan of action once you've chosen one to work with for an indefinite period of time.