Fort Mill Times recently published an article that mentioned the expected growth of the Philippine outsourcing market from 2014 to 2018. The article highlights the in-depth market study conducted by Research and Markets on the Philippines and the growth of its outsourcing market in the years to come.
“The analysts forecast the Outsourcing market in the Philippines will grow at a CAGR of 13.97 percent over the period 2013-2018.” Source: Research and Markets
There are many good reasons for the Philippines’ dominance in the business process outsourcing industry. These are:
1. Low labor and operating costs lead to a higher profits.
2. Highly skilled, hardworking workforce and the third largest English-speaking country in the world.
3. Cultural compatibility with both the West and the East equates to ease of doing business.
SHORE Solutions can compete with the companies mentioned in the report as a key player in outsourcing market in the Philippines. By offering high-quality service at low cost, SHORE allows its clients the flexibility to select their level of involvement from setting up their business to full outsourced management of some or all project components.
With over 2,000 employees across four locations in Metro Manila, SHORE is focused on addressing client requirements from Australia, UK, US and the Philippines for their contact center, BPO, KPO, IT and professional services. SHORE continues to match and even exceed the KPIs produced by their overseas counterparts.
“Companies are outsourcing their F&A, and HR activities to low-cost destinations. This trend in the Global Outsourcing market has increased the revenue margins for the Philippine Outsourcing industry…” Source: Fort Mill Times
SHORE has 15 years of experience in Human Capital Management enabling successful implementation and execution of talent management process in the country. Its set of Finance & Accounting processes include payroll processing, staff-expense claims, bookkeeping, bank reconciliation, financial reporting, tax compliance, audit services and many more.
To read the Fort Mill Times article, click here.
Visit this link to find out more information about the Outsourcing Market in the Philippines report from ResearchandMarkets.com.