Outsourcing benefits in the Philippines
The Philippines offers a highly educated workforce, with a 97% literacy rate and around 600,000 university graduates each year.
Thanks to low living costs, combined staff and office expenses are about 70% less than in countries like the US and Australia, leading to significant cost savings.
Cost efficiency
Lower hourly rates for skilled professionals lead to major savings.
Strong english skills
High English proficiency ensures smooth communication.
Small business advantage
Affordable outsourcing makes it accessible to small businesses.
Enhanced operations
Outsourcing can improve business processes quickly.
Customizable benefits
Companies can offer tailored benefits cost-effectively.
Remote work: the new standard
Remote work is becoming increasingly common in the Philippines, with many companies now operating entirely remotely. Currently, about 64% of outsourcing in the country is remote, and this number is rising.
Slash Staffing supports this shift by equipping all remote workers with the tools they need to succeed from home. This approach not only meets the growing demand for flexible work arrangements but also helps businesses save on overhead costs and maintain productivity.
The size of outsourcing in the Philippines
Outsourcing is a major industry in the Philippines, contributing around $30 billion to the economy annually. The sector is growing fast, with employment rising by 8-10% each year. The Philippines' BPO (business process outsourcing) industry has expanded significantly, from $267 million in 2004 to about $30 billion in 2022. This growth is fueled by the country's large English-speaking workforce, strong work ethic, and convenient time zone.
Quickly deployed expert teams
Slash Staffing quickly provides expert teams for various operations, including inbound and outbound telesales, multi-channel customer support, data analytics, digital marketing, content creation, and web and app design. Your business gets the right support fast.
Build your team in just 2 weeks
Slash Staffing can have your team ready to go in less than 2 weeks. We have a pool of skilled professionals ready to start working for your business as soon as you give the green light. Let us know when you're ready, and we'll handle the rest.
Big savings with outsourcing
Outsourcing with Slash Staffing can save you up to 80% compared to hiring locally. While local hires might cost $80k-$100k a year, our skilled professionals typically cost around $20k annually, depending on their role. This means you can get high-quality work at a fraction of the cost.
Outsourcing growth in the Philippines
The Philippines has rapidly become a global leader in contact center outsourcing, with its BPO sector employing over 1.3 million people and contributing nearly $30 billion to the economy each year.
Range of outsourced jobs
The outsourcing industry in the Philippines spans various jobs, from traditional call center roles to high-end services like IT support and specialized Knowledge Process Outsourcing (KPO).
Economic impact
The BPO sector holds about 10-15% of the global market, significantly boosting the Philippine economy. The country's economy is expected to grow from $280 billion to $680 billion by 2024, potentially reaching $1.2 trillion by 2030.
Future growth
Offshore outsourcing in the Philippines is predicted to grow by 13% annually, with the country expected to capture 15% of the global market and generate close to $40 billion in revenue by 2022. The IT-BPO industry also anticipates continued growth, with most companies expecting a 5-15% increase in 2021.