Offshoring in the Philippines is rapidly rising. Since 2006, the industry grew to 46% annually. As a matter of fact, the Philippine government has begun executing a number of programs to spread the industry’s competitive advantage and to catch the attention of foreign businesses and clients all over the world.
Advantages of Philippines Offshoring
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Cheap Cost. In a study conducted by Rene Soriano in 1985, it is already predicted that the core motivation for offshoring was to reduce production cost and maximize profits. It’s believed the salaries in developing countries are 50-80% less in the United States. For instance, the earning of a customer service representative in the US is $25,000. Here in the Philippines it’s only $2,828. Read more
