| The Republic of the Philippines has emerged as an | | | | There are plenty of reasons why the Philippines has |
| important supplier of labor to the global offshore | | | | emerged as a top Business Process Outsourcing |
| outsourcing market at the beginning of the new | | | | location in the Asia Pacific region. Low cost or wages |
| century. This South East Asian country has | | | | is one of the main reasons for this phenomenon. For |
| experienced a Business Process Outsourcing or BPO | | | | instance, the Philippines has the second-lowest hourly |
| boom thanks to the demand for offshore call | | | | wage for offshoring professionals. Compare that to |
| centers, web developers, search engine optimizers, | | | | the wages in Malaysia which are around twice that of |
| online marketers, programmers, animators and graphic | | | | the Philippines. A company that wants to hire an |
| artists. | | | | online marketer or web designer from a Filipino |
| The country was able to collect more than $2 billion | | | | Business Process Outsourcing company like AOV |
| from offshore service generating revenues, placing it | | | | Philippines outsourcing can save a lot of money. The |
| third behind India and China a year ago. If you | | | | Philippines also has a larger pool of workers suitable |
| consider that the outsourcing industry in Manila | | | | for multinational companies than most Asian countries |
| employed just two an a half thousand people and | | | | making it ideal for outsourcing. |
| the industry had revenues of merely $24 million at | | | | The figures clearly show that the Philippines will |
| the beginning of the decade, the current figure is a | | | | continue to become a major force in the Asian |
| very significant increase. Predictions indicate that this | | | | Business Process Outsourcing industry. The offshoring |
| growth will be sustained in the following years. | | | | industry will continue to become a dominant part of |
| Over 200,000 Filipino workers were involved in | | | | the Philippine economy since many young Filipinos |
| various BPO companies in the last year. Various | | | | aspire to become involved in the different lucrative |
| experts have predicted that Business Process | | | | areas of Business Process Outsourcing. The |
| Outsourcing in the Philippines will earn about $11 billion | | | | government of the Philippines has also recognized the |
| and employ more than 900,000 people in the next | | | | trend is making economic and legal reforms that |
| decade. Good BPO companies similar to AOV | | | | would allow the industry to flourish. Filipino economists |
| Outsourcing service will continue to flourish and more | | | | understand that the outsourcing industry can improve |
| Filipinos will strive to join the outsourcing industry in | | | | the standard of living of the citizens. |
| the next following years. | | | | |