About Offshoring and Outsourcing in Philippines

Over the past few years, the Philippines has established itself as one of the top countries in the global O&O industry. Total O&O revenues in the Philippines grew from USD1.5 billion in 2004 to USD3.3 billion in 2006, with direct employment of 235,000 full-time employees at the end of 2006. In 2007, it is estimated that revenues reached USD5 billion and employment grew to 320,000 employees.

It is for these achievements that the Philippines was named the Best Outsourcing Destination in 2007 by the National Outsourcing Association of the United Kingdom

Many of the largest multinational participants in the O&O market such as Accenture, Citibank, Convergys, Dell, and HSBC have already made big investments in the Philippines and are planning to expand their presence further.(BPAP.org)

References:

Bpap.org Business Processing Association Philippines, Offshoring & Outsourcing Philippines: Roadmap 2010

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Offshoring and Outsourcing in Philippines