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Staff Virtual White Paper on Outsourcing Companies in the Philippines

Staff Virtual White Paper on Outsourcing Companies in the Philippines

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Published by Ike Stranathan
This white paper describes how outsourcing to the Philippines can give a company a competitive advantage it today's challenging economic environment. For more information, or to download this white paper from our website, visit: http://staffvirtual.com/
This white paper describes how outsourcing to the Philippines can give a company a competitive advantage it today's challenging economic environment. For more information, or to download this white paper from our website, visit: http://staffvirtual.com/

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Categories:Types, Business/Law
Published by: Ike Stranathan on May 09, 2013
Copyright:Attribution Non-commercial

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05/14/2014

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STAFFVIRTUALSV
OUTSOURCING TO THE PHILIPPINES FORCOMPETITIVE ADVANTAGE - AN OVERVIEW
A white paper by Ike Stranathan,Founder of Staff VirtualDecember, 2011
 
Introduction
.........................................................................................................................
3Outsourcing - Embracing the New Reality
...............................
4What is Exactly is Outsourcing?What are the benefts?
........................................................................................
5What Do In-house Employees REALLY cost?
........................
5Why are Organizations Outsourcing?
...............................................
6The Philippines - An Overview
..................................................................
810 Reasons why Outsourcing is Boomingin the Philippines?
........................................................................................................
9The Future o Outsourcing and Virtual StaLeasing in the Philippines
...........................................................................
13Conclusion
........................................................................................................................
14 About the Author
......................................................................................................
15Conclusion
........................................................................................................................
16
Table o Contents
 
SV
STAFFVIRTUAL
Whitepaper / January 2011
Page
3 o 16
WWW.STAFFVIRTUAL.COM
This white paper will provide an overview o outsourcing andits many benefts, and why the business process outsourcing(BPO) industry in the Philippines is experiencing rapid growth. Intoday’s global economy, companies cannot aord or outsourcingnot to be included in their strategic plans. Outsourcing works,and it’s an attractive option or many companies.Most outsourcing providers are located oshore, in other countrieswhere wages are less than that back home. The Philippines isone such country. Labor rates in the Philippines are extremelyattractive to entrepreneurs, as is their large, college educated,English speaking workorce. Outsourcing to the Philippinesis increasing in requency and scope. The BPO industry is theastest growing sector o the Filipino economy, already employingapproximately 600,000 proessionals. Revenues are projected toincrease sharply in the coming years as companies outsourcemore complex and creative business processes. According to theBusiness Processing Association o the Philippines, the PhilippineBPO industry is expecting 2010 revenues o approximately $9billion, and total BPO revenues could increase to a staggering$25 billion by 2016.In the current uncertain economic environment brought onby the global fnancial crisis, companies o all sizes and in allindustries must adapt and innovate to become more efcient andcost conscious. Strategic partnerships with quality outsourcingproviders are more important than ever. Outsourcing can improveoperational efciencies and give a competitive advantage whilereducing labor costs.
Introduction
Outsourcing to the Philippines forCompetitive Advantage - An Overview
 A white paper by Ike Stranathan, Founder o Sta Virtual
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that isthe most adaptable to change” ~ Charles Darwin

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