Given our present day’s heightened competitive nature of the business industry, a lot of organizations are consequently looking for newer ways and techniques to make sure they make use of their valued resources more efficiently. Doing so helps them to have a tight grip of their competitive edge in the market industry.
Offshore outsourcing in the Philippines has proven to be of great benefit to foreign companies. Business Process Outsourcing in the Philippines has now become the largest source of private employment, as well as the second-largest contributor of foreign exchange earnings after remittance.
Offshoring is acquiring of services or products from another country. Typically, offshoring is what usually being referred to in most articles which mentions “outsourcing” that you read online. Moreover, foreign companies have continuously chosen the Philippines to help them grow their business. From start-ups to multinational companies, these businesses have taken advantage of the BPO services in the country.
If you are a business owner who is considering to offshore in the Philippines, allow us to give you some key takeaways as to how offshoring in the country can be beneficial to you and your growing business. Presented below are the advantages of offshoring in the Philippines:
- Filipinos have an exceptional workforce
- The BPO industry is strongly supported by the government
- Filipinos have excellent communication skills
- Offshoring in the Philippines will reduce your overhead costs
- Take advantage of a certain quality talent pool
- Culturally compatible with Western countries
Offshoring vs Outsourcing
A lot of people are still confused as to what are the differences between outsourcing and offshoring. As mentioned above, people often misuse the word outsourcing, wherein what they are really trying to imply is offshoring.
Outsourcing refers to organizations who hire a third party instead of making-use of their in-house workforce. On the other hand, offshoring is basically outsourcing but the difference is that, workers work remotely – in the other country.