2 BIG Questions to Ask Before You Outsource to the Philippines

2 BIG Questions to Ask Before You Outsource to the Philippines Outsourcing to the Philippines makes a lot of sense because the country is one of the top offshore delivery locations in the world. But before you outsource, you should ask these two crucial questions: 1. What can my company gain? 2. Is outsourcing the right choice for my company? Outsourcing = contracting out the execution of business tasks to a third party firm But before you do that, you need to address... BIG question no. What can my company gain? Some of the benefits of working with an excellent outsourcing firm: Here & Now 2 More Cost 3. Better 4. Increased 1. Cost savings Savings personnel quality productivity •2. If you outsource to the Philippines which has a business friendly regulatory environment for BPOS, you even get to further reduce costs thanks to regulatory and tax benefits •Ousourcing allows you to source a global market of talent and gives you the chance to work with highly skilled employees •Time zone difference = Multiple shifts across locations = 24 hour workday •Lower labor costs help keep production costs low. BIG question no. Is outsourcing the right choice for my company? www Some of factors that should tell you if it's the right choice: 1. Managing costs •Developing your business, remaining competitive and having the resources to realize your company vision relies on keeping costs low. 2. Infrastructure investment 2 •You don't have the resources to invest on additional infrastructure that company goals or projects require. 3. Kind of tasks 3 •The tasks that you plan to outsource can be performed remotely 4. Communication 4 •You have the bandwidth and other capabilities that will let you to keep in touch with or manage your remote staff. 5. The right fit 5 •Outsourcing fits your current processes and company goals. Your onshore team can also easily adapt if you add outsourcing to the mix. More reasons to consider outsourcing to the Philippines: According to a report published recently in financialexpress.com, the Philippines showed significantly bigger growth: Growth posted in 2013 Voice, Non Voice and Complex Services: India - 8.90% Philippines 15.60% Philippines India The success of the Philippine BPO industry is among the drivers for the country's continued economic growth. According to the latest report from American financial services company Standard & Poor's (S&P), the Philippines is now the leader in economic growth in Southeast Asia. Projected GDP* growth in 2013: 7% %3D 6% 5% 4% 3% 2% 1% 0% Philippines - 7% Indonesia 6.1 % Vietnam - Malaysia - 5.3 % 5.3% *Gross Domestic Product In the same report on financialexpress.com, BPO industry body Nascomm was quoted as saying that India has lost 10 % market share of the global BPO industry to other outsourcing destinations. On the other hand: The Philippines not only remained the second largest outsourcing destination but is also emerging as a serious competitor that has remained relevant for voice and non- voice/complex services. Get great outsourcing results with careful planning, proper implementation, and the service provider thatť's the right fit. Formore information on outsourcing and outsourcing to the Philippines, visit us at www.sourcefit.com SOURCEFIT CUSTOM OFFSHORE STAFFING SOLUTIONS Infographic prepared by: Fern Carlos Design and lay out by: Valerie Copyright© 2013 Sourcefit. All Rights Reserved.