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When it talks about outsourcing Philippines is one of the most famous and hight reputable countries. This is due of the dawn of the internet era, more an online venture. This is also the reason to have more options and opportunities for the business expansion and extensions. Outsourcing internet marketing needs to the Philippines is very affordable, online businessmen are very much satisfied with the outcome. It is quite a long process in terms of searching and evaluating what you really need for the business.
You will be able to choose the best service provider that can improve business marketing performance with the large number of outsourcing companies in the Philippines. Businesses should have its uniqueness in the virtual world. You need to find people who can take your business to the next level and not just provide what you need first hand. Saving money is the primary goal through outsourcing. But, the most important factor is saving time and effort and also to maximized potentials. Outsourcing in the Philippines is not just about purchasing the services. It is also about building trusted partners in a new journey, outsourcing companies in the Philippines offer a wide range of internet marketing strategies. Knowledgeable in the field of marketing, internet marketers are assisted through services in many ways.
Graphic Design and Web Development Services is one of the ways. This is best through visual designs, every websites needs to have their own identity. The Philippine outsourcing companies employ skilled and professional web and graphic designs who are able to make unique and effective website designs that are fit for any businesses.
The search engine optimization and pay-per0click management, outsourcing companies in the Philippines can create a systematic campaign and process that would help your website earn visitors throughout the web by placing your website’s link on the first page of search engines such as Yahoo, Google and Bing. The content creation, in every website must have something to offer its visitors because of an online marketer would need to have people who will be able create websites contents such as articles, videos and graphics. All of these contents must be creative and updated.
REFERENCE:
http://www.nowcandoit.com/philippines-best-country-for-outsourcing/
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A spokeswoman said that the Wells Fargo & Co., yhe fourth-largest US bank by assets, is looking to move some jobs outside the United States as it pushes forward with a company-wide cost-cutting program.
Bridget Braxton a spokeswoman said that the bank is considering sending work in its evacuation division, technology areas and other business lines to India and the Philippines. She dismiss to say how many jobs could be lost. Charlotte Observer reported that Wells Fargo was disposing to outsource jobs in its institutional evacuation division to India and the Philippines, extracting an internal memo sent to employees. She said that San Francisco based bank could also shift positions within the United States and it is examining which markets are the most economically attractive. Wells Fargi had about 265,000 full-time employees at the end of the first quarter, the vast majority will continue to based in the United States.
By the end 2012, Wells Fargo has told investors it aims to reduce quarterly expenses by about $1.7 billion to $11.25 billion. The bank has said that it would consolidate technology units and streamline staff functions as part of the efficiency initiative, it is called Project Compass.
Wells Fargo’s head of wealth management, brokerage and retirement services David Carroll says to Reuters that his business was looking at areas where it could use less expensive workers overseas, mostly for back-office processing tasks. Carroll’s business has about 35,000 employees with about 500 in India and Chile.
Wells Fargo opened a technology resource center in India’s Hyderabad to provide software development Wachovia, which Wells Fargo acquired in the year 2008 began partnering with Indian outsourcing firms such as Genpact Ltd in 2005.
REFERENCE:
http://tcdn04.abs-cbnnews.com/business/06/21/12/wells-fargo-looking-move-some-jobs-ph
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The officials of various business process outsourcing companies operating in the country believe more multinational companies are likely to set up shop in the Philippines, a survey administer by the Bangko Sentral ng Pilipinas reveal. The survey on information technology and IT-enabled services for 2007-2008 conducted by the BSP showed more companies engaged in IT are expected to take advantage of lower costs in cheaper locations, including the Philippines.
The survey stated that the top officials of various outsourcing companies and associations remained potent on the prospects of the industry, citing that the multinational firms are likely to outsource to cheaper locations like the Philippines to trim down costs. The survey showed that the Philippine IT and IT-enabled service industry remained resilient amid the global financial crisis as shown by the results of the 2007-2008 BSP survey on the industry. In 2007, the total revenue of the industry grew at a rapid double-digit rate of 44.8% to 6.3 billion in 2008 from $4.4 billion in 2007.
The BSP said that the industry continued to grow at a rapid double-digit rate of 44.8% although this was slightly lower than the 50.3% growth in 2007. IT-enabled services exports rose 51.5% to reach $5.3 billion in 2008 from $3.5 billion in 2007. In 2008-2007, export earnings comprised about four-fifths of total industry revenues. With the animation sub-sector having the highest export to revenue ratio of 95.8% in 2008, all sub-sectors reported that more than 70% of their revenues were sourced from exports. As of end of the year 2008, the total equity investment in the industry amounted to $2 billion as of end 2008. About 93.3% or $1.8 billion represented foreign equity participation of the total amount.
More than half of 54% of the foreign equity investments amounting to $986 million in 2008 and 54.2% amounting to $445 million in 2007 were accounted for by American investors while Japanese investors cornered a 20% stake. In the year 2007, the employment in the IT and IT enabled services industry jumped 30.8% to reach 355,135 persons in 2008 from the 271,556 employment level. The total compensation paid by the industry increased 29.7% to $2.8 billion from $2.1 billion. The survey covered a total of 648 companies in 2008 from 624 in 2007. The survey results were based on an overall response rate of 59.9% and 55% in 2008 and 2007, respectively. The respondents included companies engaged in the operation of call centers, medical and legal transcription, software development, animation and other BPO activities.
REFERENCE:
http://tcdn04.abs-cbnnews.com/business/04/19/10/it-officials-bullish-rp-bsp-survey
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The world’s call center capital is the Philippines, however it will need more graduates and better trained professionals if its to be a major force in the broader outsourcing market where growth is in providing research and analytics for the legal, healthcare and financial industries. The Philippines has overtaken Indian in running call centers, helped by an affinity for the language, culture and work ethic of the United States, its former colonial master.
Lots of Filipinos offering a wonderful ” Have a nice day” while working the graveyard shift to answer calls on behalf of multinational clients clients such as Citigroup and JPMorgan Chase now far exceeds India’s 350,000 and the governement wants to double the market to $25 billion by 2016, employing 1.3 million workers.
However, to do that the Southeast Asian nation must convince investors it has more to offer than just a huge pool of talent speaking English with an American accent.With the 90 percent of that in non-voice work providing more complex skills and services in research and analytics for lawyers, doctors and bankers , the research firm everest group has forecast the global business process outsourcing industry could be worth $220-$280 billion.
Non-voice work accounted for just over a fifth of total BPO revenues of $10.9 billion, however a third of the Business Process Outsourcing workforce or around 220,000 people. President and CEO of outsourcing services provider SPi Global, Maulik Parekh said that the goal is aggressive yet achievable as long as they know one thing that what got them here that wont get them to where they need to be.
Parekh said that a lot of the focus of the tripartite relationship between the government, private sector and educational institutions has been about English language skills. They need to start to focus on how they can have a thriving healthcare, human resource, finance, publishing, IT-related BPO and procurement. India is expected to continue to dominate in outsourcing with their first advantage and skills in software development yet the Philippines has its eyes on the non-voice market’s potential.
Partner at Everest, Nikhil Rajpal said that while some providers leveraging the Philippines for non-voice functions, the scale of work is relatively low. But, tremendous market potential exists if service providers can successfully manage talent-related constraints. The Philippines must ensure it has a steady supply of professionals and highly skilled workers to offer the more complex, added-value services to meet clients changing and increasing demands with China, Latin America and other Asian markets such as Malaysia that also making strides in outsourcing.
The number of local university is growing at only 3 percent and there were only 5-8 percent of it are hire-able based on the government data, highlighting a need to re-engineer the country’s educational system. The Philippines has a 10 year basic education system which the government is looking to extend by two years, by adding a pre-school kindergarten program to match its Asian rivals.
Gregorio Domingo a Trade Secretary said that the challenge is to be able to supply the human resources to support the industry both from the entry level to middle managers and executives. In China, the country turns out 470,000 accountants, engineers and nurses however that figure is dwarfed by the 4 million college graduates in India and 2 million in China.
REFERENCE:
http://tcdn04.abs-cbnnews.com/-depth/03/09/12/more-just-talk-ph-eyes-broader-outsourcing-role
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Here in the Philippines the IT Parks are boosting in Manila and at the same time in Metro Manila to support the infrastructure and connectivity needed to boost the robust growth of the country’s Business Process Outsourcing industry. The new Information Technology Parks outside Metro Manila are in the cites of Mandaue, Cebu, Bacolod, Cagayan de Oro, Biñan, Iloilo, Baguio, Tarlac, Dasmariñas, Cabanatuan, General Santos, Dumaguete, Naga, Lipa, Urdaneta and San Fernando. The new IT Parks is also in the municipalities of Sibulan and Bacong, Marilao Bulacan, Silang and Rosario Cavite and Negros Oriental.
With the Philippine Economic Zone Authority, Business Process Outsourcing are the predominant locators in IT parks registered. The government offers tax incentives to Business Process Outsourcing firms including the value added tax and income tax exemption. The IT-BPO industry is one of the country’s biggest job creators. The sector recorded $11 billion investments and created 638,000 jobs. It expects $13 billion revenues on a labor force of 764,000 in 2012. And by the year 2016, its projects $27 billion revenues and jobs for 1.3 million Filipino workers.
The Philippines holds a portion of the global outsourcing market because of the English proficiency of Filipinos. The rising demand for call center services leads the Business Process Outsourcing boom. The call centers count among its clients giant multinationals. The Pharmaceutical firms outsource their medical transcription in the country. This 2012, some grants and subsidies were earmarked by different agencies and institutions for the sector’s technical and educational development. In technical assistance for skills enhancement, the Asian Development Bank granted P27.3 million. A state universities nationwide were allocated a budget of P125 million to fund Development Authority for training. The ICT Office of the Department of Science and TEchnology allocated P350 million to support the IT-BPO industry.
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The internet and computers are always competing in terms of how much faster they are than the competition in the world of high speed technology. Do you ever wonder what is keeping you behind or can you pinpoint what is dragging you. Maybe, the reason behind this, is you are stuck to your own desk and you will never get the momentum to get up and get moving. How do you get all your paperwork, emails, phonecalls and pesky tasks out of the way?
A Virtual Assistant is normally a self employed and provides a professional administrative, creative and technical assistance to clients remotely from a home office. Virtual assistants are independent contractors rather than employee, they are genie that grants limitless wishes. They are taking your phone calls, handling your appointments, answering your emails and sorting out all your paperwork when you are out and talking to clients, networking colleagues or closing business deals. When you are in between meetings and having a cup of coffee, you can reach her through your mobile, incoming inquires and messages or assign a very important task that needs attention right away and you can reach her through your mobile.
They can be updating your website, taking care of your business bills, process customer orders or writing blogs and articles about your products and services while you are at home relaxing with your family or love ones. Your business doe not have to shutdown when you are out on holiday, they can keep things running little a well oiled engine, you can enjoy your well deserved Rest and Relexation with very little or no constant supervision.
Some say the best things in life are free but this genie will cost you a little bit of cash, not as much as it would of you hired a secretary , a PA or an assistant. It will cost you about a fraction of one employee. There are companies out there dedicated to serve you.
REFERENCE:
http://www.nowcandoit.com/how-to-drive-your-business-on-the-fastlane/
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You should admit that at times you need people to help you with tasks or projects even if you are in small business or a bigger one. Money is a precious resource and therefore companies must use it wisely, this often leads us to consider alternative ways of saving money by saving time and effort but still with convenience on our part. The outsourcing is an option that may allow a company to handle work that otherwise might be delayed or postponed. It will allow you the opportunity to focus on the most important project an d avoid fragmenting your time across multiple projects.
Outsourcing for a Virtual Assistant can be helpful to be effective. A virtual assistant can be provide various services you need help with your tasks to get done. They can be your remote receptionist service aside from the clerk or admin assistant. The VAs can work for a wide range of organizations like brokers, small businesses consultancy groups. It is estimated that there are as few as 5,000-8,000 or as many as 35,000 virtual assistants worldwide. The profession is growing in centralized economies with fly-in fly-out staffing practices especially in the Philippines.
The country has been known the companies around the world to do their back office tasks since doing business with the Philippines has a lot of advantages. If you want to get away from the increasing cost structure of a competitive business while getting the quality of your business processes, Philippine Outsourcing will help you. Philippine Outsourcing is preferred by companies in the country of UK and US to hire and help them with their overload of back office processes while saving money, efforts and time. UK and US are the countries who are looking for a virtual assistant, a web designer or a worker from the Philippines.
REFERENCE:
http://www.nowcandoit.com/what-is-a-va-again-highlights-on-what-a-virtual-assitant-can-do-to-help-you/
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The Philippine officials have been speaking to US legislators to bring up the country’s concerns about a US bill against business process outsourcing. Gregory Domingo, Trade Secretary said that the Philippine Ambassador to the United States Jose Cuisia has been speaking to US legislators to lobby against the bill that would have a negative impact on the BPO industry here.
Domingo told the reporters that the president also says that kind of threat is also happening in every presidential in the United States. He saw this in the year 2004, 2008 and this 2012. Domingo said that a bill has been filed in the US Congress proposing to make companies that have call centers overseas ineligible for grants and guaranteed loans from the federal government. It is also proposes a $10,000 a day penalty on the US call center that fail to report its relocation to an offshore location within 60 days to the labor department.
The call center operators will be required to identify their location. Callers will also be allowed to choose an operator who is base in the US. President Barack Obama proposed several tax measures aimed at encouraging American companies to bring jobs back home which spells bad news of the Philippines BPO industry that heavily relies on US based clients. Most American companies have been outsourcing their call center services to the Philippines and India, since wages here much lower than in the US.
REFERENCE:
http://tcdn04.abs-cbnnews.com/business/01/27/12/ph-lobbies-vs-anti-outsourcing-bill-us
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In the year 2011, the Philippine Information Technology and Business Process Outsourcing industry grew in terms of revenues and employment. The industry ended 2011 with $11 billion in revenues, 24 percent more than in 2010. The BPAP President and Chief Executive, Benedict Hernandez said that 638,000 people were employed in the IT-BP industry. He said that they hit the targets projected their Road Map 2016. This is a good start to our five year plan to grow at an average of 20% a year above projected global annual growth rates of 10% to 15%.
Hernandez said that if this continues at a compound annual growth rate of 20%, the IT-BP industry would be worth $25 billion by 2016, accounting for about 9% of GDP and capturing 10% of the global IT-BP market share. He also, the contact center sector also grew, strengthening the country’s world No. 1 status in contact centers. By the end of 2011, he cited a report by the Contact Center Association of the Philippines that said the sector had 416,000 employees and provides $7.4 billion worth of services.
The contact center sector grew by 21percent and remained the largest sector at 65% of the industry. The Healthcare Information Management Outsourcing Association of the Philippines reported that the HIMO sector employed 24,700 and provided as much as $277 million worth of service to global end users. The animation sector, shrank to $128 million, down 10 percent year on year. The Animation Council of the Philippines Inc. it lost some contracts due to tight competition in back-room animation services, particularly from China which subsidizes animation operations.
The sector maintained its headcount of about 8,600 animators. Hernandez reaching the industry’s 2016 targets would not be possible without the strong government support that they are now experiencing.
REFERENCE:
http://www.gmanetwork.com/news/story/254607/economy/business/philippine-it-bpo-industry-hits-2011-growth-targets
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In full-year 2009 due to strong residential and office space sales, the real estate firm Megaworld Corporation registered a profit growth of 7.2% because to strong residential and office space sales. From the previous year’s P3.79 billion, the flagship firm of tycoon Andrew Tan realized net income of P4.06 billion in year 2009. The consolidated revenues for 2009 reached P17.8 billion a 2.7% increase. The executive director Kingson Sian stated that the strong fourth quarter capped an outstanding year.
With about 306,000 square meters of BPO office space, Megaworld is currently the largest BPO office landlord. In 2010, it expects another 78,000 square meters to be completed. The real estate company currently has 6 ongoing township projects which revolve around live-work-play-learn concept in Metro Manila. It won the rights to develop the 34.5 hectare JUSMAG property in Fort Bonifacio, Taguig City
REFERENCE:
http://tcdn04.abs-cbnnews.com/business/04/15/10/megaworld-increases-2009-profit-72
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