Posted by Blog Administrator on December 21, 2009
The ongoing global financial crisis has deeply affected the major industries all over the world. In order to cope with the losses, businesses took the option of outsourcing to countries where they can pay less for quality outputs. The cheapest available outsourcing services were then provided then by the third world countries especially in Asia.
It was not long ago when the IT related offshore services took the lead as far as the highest percentage of labor force in the Philippines. The booming and expansion of the BPO industries in Asia has greatly influenced the lives of the majority especially the Filipinos. IT related business establishments in the Philippines were able to cater the increasing unemployment rate of the country. Together with the high paying jobs that these companies give, trainings are also provided to further enhance the skills of the Filipino workforce.
Technical support, web development and search engine optimization are some of the few services that are being outsourced by the third world countries to the Philippines and some of its neighboring countries. As the demand escalates, local and international BPO companies based in the Philippines are gradually expanding its operations, thus providing more job opportunities in the country.
The Philippines is considered as one of the top performing countries with excellent outsourcing services. Highly skilled individuals can handle operations from medical transcription to software development that is guaranteed to be of high quality standards. As a result, the unemployment rate of the Philippines was slightly alleviated and for some, the quality of living has improved over the years.