Table of Contents
- 1 Why Philippines is best for BPO?
- 2 What is the role and status of English globally in the Philippines?
- 3 Why the Philippines is becoming hub for BPO in the world?
- 4 Why BPO is the fastest growing industry in the Philippines?
- 5 How English became an official status in the Philippines?
- 6 What is the future of BPO industry in the Philippines?
- 7 Why choose the Philippines for BPO services?
- 8 How has the global health crisis affected BPO in the Philippines?
- 9 Do Filipinos speak English fluently?
Why Philippines is best for BPO?
In the Philippines, BPO companies practice cost efficiency while still providing top-notch service. Also, the country’s infrastructure cost and overall tax is cheap. This all leads up to reasonable prices for brands that would like to avail of the services of a call center in the Philippines.
What is the role and status of English globally in the Philippines?
English has always been one of the official languages of the Philippines and is spoken by more than 14 million Filipinos. It is the language of commerce and law, as well as the primary medium of instruction in education.
Why BPO is sunshine industry?
The Business Process Outsourcing (BPO) industry in the Philippines has often been dubbed as a “sunshine industry”….Work for everyone.
| Role | Usual Government-Mandated or Industry-Standard License or Certificate Required |
|---|---|
| Testing Administrator | Registered Psychometrician |
Why the Philippines is becoming hub for BPO in the world?
With a 95\% higher education literacy rate, the Philippines is producing over 450,000 graduates annually. With such a diverse knowledge-based workforce, Filipinos are qualified to work on different BPO services, which can be seen as a huge advantage for investors.
Why BPO is the fastest growing industry in the Philippines?
Filipinos have top notch communication skills and are skilled on a myriad of industries. We provide high-quality services such as voice, non-voice, and back office to a great number of verticals, encouraging more businesses to explore outsourcing opportunities in the country.
What are the impact of BPO industry in the Philippine economy?
According to the 2019 report, the sector recorded a 7.3\% contribution to the growth in GDP. In the future, the BPO sector is expected to be more than a billion-dollar industry.
How English became an official status in the Philippines?
English in the Philippines occurred in the year 1762 when the Americans occupied the Philippines from 1898 to 1946. English was implemented starting 1901 when the US occupied. In 1935, English was added as an official language. Over the years it developed including its accent, vocabulary and even the way of writing.
What is the future of BPO industry in the Philippines?
The Philippine BPO industry continues to grow and is showing no signs of slowing down. According to the IT-BPM Roadmap 2022, the BPO sector is expected to grow at $40 billion in revenues and 7.6 million direct and indirect jobs, with 500,000 jobs outside of the National Capital Region.
How did the BPO industry help the economic growth of the Philippines?
BPO is a powerful force currently driving the Philippine economy. It has created a ripple effect in many aspects: Export growth: Philippine merchandise exports increased by 7.6\%, amounting to $51.99 billion. Real estate growth: Because of BPO, there is greater demand for office spaces and buildings.
Why choose the Philippines for BPO services?
The Philippines have become the world’s largest destination for business processes outsourcing (BPO), and they are the industry’s leader for contact centre outsourcing. They have worked diligently for the last two decades to provide the much-needed services for countries across the English speaking world.
How has the global health crisis affected BPO in the Philippines?
The current global health crisis has brought various changes in the way business process outsourcing (BPO) works—a vital industry that employs more than a million Filipinos and contributing at least nine percent of the country’s gross domestic product (GDP) growth .
Why BPO in Philippines is called the Sunshine industry?
There is a reason why BPO in Philippines is commonly referred to as the “sunshine industry” of the country. In just a few years, the BPO Industry in Philippines has eclipsed countries such as India, which has lost as much as 50 percent business to Philippines in the past few years (Assocham).
Do Filipinos speak English fluently?
Compared to other BPO giants such as India, Filipinos speak in English more fluently. The country has a national English proficiency rate of 92.5\% based on a report. The Philippines is also the third largest English-speaking country in the world, thanks to its long and rich history with the Western nations.