Why Partner with an Outsourcing Company in the Philippines

MICROSOURCING WHY PARTNER WITH AN OUTSOURCING COMPANY IN THE PHILIPPINES COST EFFICIENCY 60% - 80% Lower Operational Costs • Low cost of living • Lower employee salaries • Lower office rentals CULTURAL COMPATIBILITY • Filipinos are naturally customer-focused and easy to work with. • Western culture largely influences contemporary culture. ENGLISH PROFICIENCY 70% of Filipinos are fluent in English English is the primary language used in education, law, and business. • The Philippines has a High English Proficiency Index Score of 60.33. placing top 13 among 72 countries. ENGLISH • Ranked #3 in Asia for English language skills after Singapore and Malaysia HIGHLY SKILLED AND AVAILABLE WORKFORCE 44 million workers in the Philippines • Young labor force, with a median age of 23 years old • Large population of college graduates 97.5% literacy rate ECONOMIC GROWTH High GDP Growth at 7% · Robust economy · Large consumer market • Stronger purchasing power TRACK RECORD, SCALE, AND MATURITY OF THE BPO INDUSTRY 25 years in the business! <--> • 10% global market share • 15% global market share by 2022 GOVERNMENT SUPPORT Incentive Programs encourage foreign • Special Economic Zones (SEZ) • Income tax holiday • Industry associations with strong ties with government: • Philippine Economic Zone Authority (PEZA) • IT and Business Process Association of the Philippines (IВРАР) Philippine Information Technology-Business Process Management Roadmap 2022 (PH-IT-BPM Roadmap 2022) FRINGE BENEFITS Ideal geographic location, climate, and time zone • 2-hour difference from AU and opposite hours for the USA · Easily enables night time work or 24-hour onshore-offshore delivery cycles PARTNER WITH AN OUTSOURCING COMPANY IN THE PHILIPPINES TO MONUMENTALLY GROW YOUR BUSINESS OPERATIONS. MICROSOURCING https://www.microsourcing.com/blog Sources: https://www.microsourcing.com/company/outsourcing-philippines.asp https://www.microsourcing.com.au/benefits/cost-savings.asp https://www.forbes.com/sites/sylviavorhausersmith/2015/04/08/the-philippines-rich-in-culture-and-in-opportunity/2/ http://opinion.inquirer.net/86602/english-proficiency-as-a-competitive-edge http://enterph.com/blog/large-young-philippine-population-benefit-foreign-investors/ http://www.ef.com/epi/ http://www.manilatimes.net/bpo-revenues-outpace-ofw-remittances-2018-ing-bank/309043/