 Why
Outsourced in the Philippines
The Filipino
workforce is one of the most compelling advantages the
Philippines has over any other Asian country. With higher
education priority, the literacy rate in the country is 94.6% -
among the highest. English is taught in all schools, making the
Philippines the world's largest English-speaking country. Every
year, there are some 350,000 graduates enriching the
professional pool.
Wages are typically less than a fifth of that in the U.S. Local
communication, electricity and housing costs are also 50% lower
compared to the U.S. rates. Foreign companies that are now
outsourcing programming and business processes to the
Philippines estimate 30 to 40% business cost savings, 15 to 30%
call center services and application systems and 35 to 50%
software development.
A well-developed communication, transportation, business and
economic infrastructure links the three major islands and
distinguishes the Philippine economy. Highly accessible by air,
water and cyberspace, liberalization of inter-island shipping
and domestic aviation further sparked improved facilities and
services. The container terminals are suited to handle cargo
traffic at the highest levels of efficiency.
Communication provides redundant international connectivity 24/7
with fiber optic cable as primary backbone network and satellite
as backup. Economic reforms emphasize regional growth,
converting remote areas into business centers. The landmark BOT
legislation allows private investors to build and operate
infrastructure, then turn it over to the Philippine government
after a set period of time.
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