Overview,Outsourcing,the,Phili business, insurance Overview: Outsourcing to the Philippines
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Apparently, Philippinestop-notch standing in the global outsourcingindustry has already become prominent amongst the principal sectors in thebusiness world. The Philippines has been contending with the leader of theindustry, India, and recently made a huge milestone that makes its peopleproud. Thelatest report from Tholons, a US-based strategic consultingcompany for global outsourcing and investments, entitled 2013 Top 100Outsourcing Destinations showed off how Philippines outsourcing industry hasbeen doing for the last 6 years and how it remarkably performed in the latestyear. Philippines lately received a gigantic achievement of becoming one of theTop 3 outsourcing destinations around the world. Overtaking the place of Delhi(India), Manila (Philippines) had a +1 movement from last years report. Asidefrom Manila, there are more cities in the Philippines which were included inthe Top 100 Cebu, Davao, Santa Rosa (Laguna), Iloilo, Bacolod and BaguioCity. Among those 7 cities included, 5 increased in rankings which is a greatindicator that outsourcing continues to bloom in the country as years go by. Wikipedia andOutsourcingInsider really make brilliant explanations on how Philippineshas become competent in this industry. But considering those things in mind, whatcould be the most common reasons why moreand more companies tend to outsource their processes to the Philippines? Belowcould be the top 3 reasons: Diverse Culture. Filipinoscan easily adapt to different cultures since it has been colonized by foreigncountries for a long time. Plus, English is included in the curriculum programswhich also makes it the 2nd official language of the country. Thismakes them more proficient on using the English language compared to its countryneighbors. Its affordable to outsource in thePhilippines. Instead of hiring employees locally, mostentrepreneurs find it cheaper to outsource processes to the Philippines.Overhead costs decrease and savings continue to increase up to more than 50%. Filipinos carry the entire, idealpackage. When finding an outsourcing partner, companies preferthose who are more reliable, credible and capable of doing tasks with care andcompetency. Filipinos are best known for their values and amazing skills. Theycarry integrity, teamwork, creativity, trustworthiness and dependability. Asidefrom being highly skilled and knowledgeable, these values make Filipinos theideal outsourcing package.These reasons above might be true for a lot ofbusinesses out there but people shouldnt ignore the fact that everybody stillhas different perceptions when it comes to this. Philippines outsourcingcompanies certainly have more time to prove what they got and why the countrydeserves the number one spot. However, how do you think this enormous rise affectedthe competing countries? How should they overcome such challenges?
Overview,Outsourcing,the,Phili