8 Reasons Why Outsourcing To The Philippines Is A Smart IdeaEducation And Low Cost Of Living Is Just The Beginning
Companies in the USA outsource work to people from other countries for a myriad of reasons and one of the countries they outsource to the most is the Philippines. There are many advantages to outsourcing and one of the top reasons is to save on labor and operational costs. Another is access to a larger talent pool. With these in mind, companies want to know where best to outsource work to, and we will list 8 reasons why outsourcing to the Philippines is a smart idea.
High Educational Attainment
The literacy rate in the Philippines is 97.5% and there are 680,000 university graduates produced every year.
Proficiency In English
There are 60 million English speakers in the Philippines and almost everyone in the country knows how to speak it; it's one of the two main languages spoken in the country. Filipinos speak English very well and most have a neutral accent which is beneficial for working internationally. The capital of the Philippines, Manila, actually ranks eighth in English proficiency in the world.
Save on Labor and Operational Costs
The cost of living in the Philippines is around 70% lower than in the US or in Australia, which in turn will save labor and operational costs by at least 60% for companies who outsource to workers living there. The Philippines benefits from the outsourcing industry a lot, the remote workers get more opportunities for advancement in their chosen careers as well as get higher salary compared to working locally.
The Philippines has been colonized a lot by foreigners which has caused its culture to be a melting pot of other cultures. The current Filipino culture is a hybrid race and most Americans and Australians will find that there is almost no language or cultural barrier.
Filipino Culture of Customer Service
Known as the Hospitality Capital of the World, it goes to follow that the Philippines has a service-driven culture. Filipinos are great listeners and are innate problem solvers, which is very useful to the Western industry which need great customer service professionals.
The Philippines' capital, Manila, has advanced technological infrastructure. Filipinos use similar technology to Western countries which can be seen in their modern corporate facilities, office spaces, and government buildings.
Talented Pool of Workers