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Is Outsourcing Offshore Right for You? Pros and Cons

Magellan Solutions

As the global economy becomes increasingly interconnected, the appeal of outsourcing offshore has soared. The global BPO market is projected to reach $525 billion by 2030 , growing at over 9% annually. Companies increasingly turn to offshore providers for talent, expertise, and cost-efficiency.

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Philippine BPO, remittances to drive GDP past China by 2016

SourceFit

Philippine BPO, remittances and other factors are expected to drive the Philippines toward a gross domestic product (GDP) that’s projected to outdo China’s slowing economic growth by 2016 according to Citibank’s 2015 Annual Outlook GDP forecasts. . Growth forecast for 2015 is set at 6.5 percent and 7.3

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Why Do You Need to Outsource Customer Service Solutions to a BPO with Low Attrition Rate?

Magellan Solutions

While pricing and services are important factors, you should also consider the attrition or turnover rate of the BPO company. Here’s the average attrition rate of the BPO industry in the past decade: Year. Average Attrition Rate for the BPO Industry. This will give you an idea how long an agent can work for your business.

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Magellan Solutions joins CEU 26th Job and Career Fair

Magellan Solutions

one of the most promising Philippine-based companies offering comprehensive BPO solutions to onshore and offshore clients. According to the Philippine Commission on Higher Education (CHED), there were 656, 284 college graduates in 2015. Most graduating students from different CEU colleges attended the event.

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Philippines Outsourcing Revenues to Overtake Foreign Remittances

SourceFit

Revenues from Philippines Outsourcing, the country’s offshore outsourcing sector, are expected to outpace remittances from Filipinos working abroad in a few years, according to the central bank of the Philippines or Bangko Sentral ng Pilipinas (BSP). billion, with earnings expected to increase by 15 to 17 percent in 2015.

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Outsourcing Philippines to Drive 5.5% Growth Until 2020

SourceFit

percent clip within the next five years due to strong performance of Outsourcing Philippines, the country’s information technology and business process outsourcing (IT-BPO) sector, according to market intelligence firm IHS. The Philippine government expects the economy to grow by 7-8 percent in 2015 and 2016. Reference: – [link].

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Outsourcing Philippines, Remittances: Top Economic Drivers

SourceFit

Outsourcing Philippines or the offshore outsourcing industry in the Philippines and remittances from overseas Filipino workers remain the two main drivers of economic growth in the country. Balisacan expects the economy to grow about 7 to 8 percent in 2015. . PH BPO Firms Lead Job Creation: Employment to Pick Up in 2015.