Potentials Of Outsourcing
The time for outsourcing is just right. This is a history in the making where businesses can still be productive despite the economic turmoil and even on a low budget. Although outsourcing is not a new business strategy, it has been known that outsourcing is widely used in America since 80s.
That is why outsourcing services has seen a lot of potentials in the market. With the evolution of technology, many businesses are having difficulties in coping up in the digital age and hiring an outsourcing provider will absolutely ease their means.
Assuming service levels are equivalent, but there will always be significance in terms of prices. However, if the price is comparable, there are several reasons why businesses take the advantage of outsourcing vendors.
Cost-effective
The greatest advantage of outsourcing services is its cost-efficiency. Outsourcing can get a job done at a lower cost and better quality as well. As of today, there are several outsourcing providers offer affordable wages particularly in Asia. In fact, a client can even save at least 60% when compared to in-house staffing.
Another savings you can benefit from outsourcing is infrastructure and technology. Outsourcing takes the responsibilities of business processes that are needed for your company. You will no longer need to invest in training and hiring resources for your business.
Focus On Core Area
Outsourcing services is not limited to one business process; it comprises a lot of categories where businesses can choose which core area needs more focus. This also gives you the opportunity to make your business operational in spite of time zone differentials.
Faster And Better Services
Needless to say, many businesses or companies are still digital non-nomads. With outsourcing, the rise of new age technology is not a problem; it is their ultimate solution for a faster and better services.
Outsourcing Landfall To The Philippines
As outsourcing industry continues to grow globally, it also takes its landfall to the Philippines in 1992. After two decades, the business process outsourcing is the largest industry in the Philippines. In 2010, Philippines became the BPO capital of the world where highest numbers of individuals are being hired when compared to other countries.
The outsourcing industry in the Philippines begun as a call center hub and then, it became a multi-hub offering a wide array of services including administrative tasks, customer support, virtual assistants, internet marketing and development and IT services. Philippines is also getting popular in the field of mobile applications, game moderation and website services.
At present, the outsourcing industry in the Philippines range from start-up businesses to global outsourcing service providers. Despite the challenges that Philippines is facing today, outsourcing industry continues to soar high and globally competitive in the business market.
By 2020, the World Bank predicted the Philippines to grow at least 11% of the country’s Gross Domestic Product surpassing the overseas remittances. New innovations are being developed to address the needs of both local business and foreign investors.
HP Outsourcing Inc. 