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The growth of business process outsourcing (BPO) in the Philippines has undoubtedly developed so fast. Almost all major global IT/BPO vendors have a presence in the Philippines. The Americas remain the biggest client for the Philippine outsourcing industry accounting for more than three-quarters (65 percent) of the domestic BPO market.
IBPAP is the country’s umbrella association for the local IT-BPO industry, with the goal of making the Philippines the world’s top destination for voice and non-voice outsourced services. Related Posts: – Philippine BPO, remittances to drive GDP past China by 2016. Sourcefit Philippines Inc. Membership Benefits.
The dollar volume of bank loans for SMEs declined by 20% since the recession in 2007. . BPO companies have different business models to run your business smoothly. . BPO companies have the ability to widen your marketing strategy and target international customers through 24/7 operations. Lack of Financial Access.
Before the COVID-19 Global Pandemic, the world experienced the Global Recession during the years 2007-2009. However, if you outsource specific departments such as HumanResource, Accounting, IT, or Marketing, you will not have to worry about paying their benefits. Why are Outsourcing and Recession Related?
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