Business Process Outsourcing – Contributing to Philippine Economy

Posted by Blog Administrator on December 29, 2009

IT outsourcing to the Philippines by companies like Microsoft, Dell, Fluke, and MicroSourcing have already made its contribution to the economic alleviation of the country. These Philippine Business Process Outsourcing companies have provided employment opportunities to thousands of Filipinos and raised a certain degree in their quality of living. That is why despite the economic turmoil, the economy of the country still managed to find its way up.

Most of the companies that were greatly affected by the financial crisis resorted to outsourcing in order to lessen expenses. , Outsourcing transfers a fraction of the tasks in the office to an outside service provider or suppliers. And because of the currency differences, the richer countries tend to generate more profit. While the outsourcing demand escalates, business and job opportunities are generated. Some of the common outsourced services are data transcription, customer care services, virtual assistance, and search engine optimization.

IT outsourcing in the Philippines plays a major role in the employment of the skilled and talented Filipino workers. It also provides the customers high quality services and takes their websites gain rankings in the major search engines such as Google, Yahoo, and MSN. This will provide business companies a desirable income generation through SEO or Search Engine Optimization.

In 2005, there were about 100,000 people employed to various BPO jobs. A larger portion goes to the call center agents and the medical transcribers. Outsourced Careers can be considered as one of the many solutions for the country to revive its dying economy. These days, it is estimated that there are 120,000 BPO Service Providers in the Philippines creating a forecast result of 13 Billion USD for the year 2010.