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BPAP figures show that in 2011, the country’s non-voice services – a sub-sector of the businessprocessoutsourcing industry – posted 30 percent growth as the entire IT-BPO sector achieved 24 percent growth. .
European Companies Outsourcing To Philippines. Here are some European companies that outsource their operations in the country. AXA Insurance. A French multinational provider of insurance and various financial services, AXA outsourced to a Philippine-based BPO company to improve its learning program.
The 2012 Data Privacy Act brought the Philippines’ businessprocessoutsourcing sector to international security standards. The Health Insurance Portability and Accountability Act (HIPAA) sets the standard for sensitive patient data protection. But this also brings in the worry involving sensitive data. .
Between 2012 and 2019, profit pools (earnings before interest, taxes, depreciation, and amortization – or EBITDA) grew at a compound average growth rate of approximately 5%. suggests that a large group of individuals may have moved from employer-funded insurance to other options. The October 2020 unemployment rate of 6.9%
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