Outsourcing to the Philippines can help businesses save money and improve process communication and coordination. Organizations looking for international outsourcing solutions can benefit from the skills and cost savings offered by this friendly Southeast Asian nation. With a significant population of skilled workers and world-class infrastructure, this country is one of the most attractive destinations for outsourced services. With over 7,100 islands, this tropical country with its rich history, has a strong foundation to support long-term growth for businesses, making it an ideal destination for foreign investor companies.

Amongst its other Asian neighbors, the country has a large pool of English-speaking talent, and its cost of living is relatively low.
If you’re considering taking your business offshore, then keep reading to learn more about why the Philippines is your best option.

The Benefits of Outsourcing to the Philippines

1. Low Labor Costs: Outsourcing to the Philippines gives employers access to a cost-efficient labor force. Wages and salaries in the Philippines are still much lower than those in western developed countries, resulting in huge savings for the employer. Skilled workers in developing nations are much more affordable than those in the United States, Australia, or the UK.

2. Access to Highly Skilled Talent Pool: Filipinos are known for their high standard of education and strong work ethic, which makes them tops in the field of high-skill occupations, such as IT and health care. Outsourcing to the Philippines can provide access to talented, motivated and affordable employees. Many Filipino workers have been educated in English and speak the language fluently. The country also has an excellent education system that mostly conforms to the American standard of teaching offering a minefield of talent from over 30 million workers. Offshore businesses can be assured of acquiring experienced and qualified candidates.

3. Lower Overhead Costs: By outsourcing to the Philippines, businesses can significantly cut costs related to office space, equipment, supplies, and employee benefits. This frees up resources for other ventures or business needs.

4. Increased Productivity: Outsourcing to the Philippines can boost productivity and allow for faster output of orders. Working with a flexible partner gives companies a competitive edge when it comes to speed and efficiency.

5. Easier Time Zone Management: Filipino employees easily adapt to the working timezone of the US, making it easier to collaborate and manage projects. In fact, the time difference can also mean that Filipino remote workers can be tasked to work on projects while their American bosses are still fast asleep.

6. Low-Risk Environment: The Philippines is a low-risk environment in terms of political stability and the rule of law. The country boasts of a democratic government with a strong record of peaceful and fair elections, a functioning judicial system, and regulations that are generally enforced, allowing for a safe and stable business environment. Furthermore, the Filipino people are known for their friendly nature, so foreigners are often welcomed with open arms. The Philippines is a stable democracy with a strong economic outlook. This political stability ensures businesses get the security and performance that they need for a successful outsourcing partnership.


The Philippines is a Business-friendly Country

Known for its welcoming attitude towards foreign investors, the country has a favorable tax regime for foreign investments. The Philippine government offers a wide range of government-backed investment incentives, ranging from free land leases up to an 80% income tax holiday.

The country is also experiencing considerable economic growth with increased infrastructure development and greater foreign investment. All of these factors have made the Philippines an increasingly attractive business hub for foreign investors. Organizations considering opening new offices or expanding current operations should look to this country as a viable option.

Additionally, because of its proximity to the U.S. and other parts of the world, managing time zones and cultural differences are less taxing.
This helps to streamline communication, operations, and production.

Furthermore, it also has a young and growing population and is home to some of the world’s most diverse and untouched natural habitats, making it an attractive option to invest in. Offices and workspaces follow an international standard conveniently well-connected to other parts of the world by air, sea, land, and the digital highway.

Enjoy the country’s tropical climate, beautiful beaches, and friendly people. Many foreign CEOs have made this nation their second home. Its growing expat community allows them to easily find like-minded people to connect with as well as nurture business and social relationships.

If you’re considering doing business in this country, the following resources will be helpful:

– The Philippine Investment Promotion Plan
– The Philippine Economic Zone Authority
– The Board of Investment of the Philippines

The Philippines is consistently ranked as one of the most business-friendly countries in the world. In the World Bank’s “Doing Business” report, it is ranked 4th out of 190 economies in the “ease of doing business” category. It is also a member of the ASEAN Open Skies Agreement, which allows for the free flow of air traffic within the ASEAN region.

The Filipino Workforce

The Philippines has a highly skilled, dedicated, and educated workforce that is ready to take on a wide range of roles in a variety of industries. According to the World Economic Forum, the country has the 4th highest proportion of tertiary graduates in the world, even ranking 4th in the world in the “quality of higher education” category of the same report.

Filipinos have a strong understanding of western culture, which makes them quite a unique remote team that can easily fit and blend. They are considered to be one of the most congenial and happiest workers. Tourists revel in their innate hospitality and genuine desire to be of service.

Key Take Aways

The first business process outsourcing (BPO) contact center in the Philippines was established in 1992. Today, the BPO industry in this country has provided employment for over 1.4 million Filipinos who fuel customer support services of various foreign companies. Despite the rise of new markets in the industry, the Philippines remains to be a top go-to destination for companies looking to expand their businesses. The outsourcing industry in the Philippines has been a significant employment and revenue driver bringing in a total of $29.1 billion as of 2022, based on reports from the IT and Business Process Association of the Philippines (IBPAP). The numbers don’t lie.

EVS prides itself on its Filipino virtual assistants who “follow the sun”. This workflow strategy allows your Filipino dynamic offshore virtual team to get things done halfway across the globe even while your onshore employees are asleep. Maximize your productivity with us. Let’s connect so we can forge toward your business growth.