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IT outsourcing has become a highly profitable industry in the Philippines, attracting numerous global investors who have recently set up their offshore IT operations in the country. In the 2017-2018 school year alone, state universities and colleges produced 77,747 IT graduates.
Even if you hire the required talent somehow, the operationalcost is steep because of the pending increased $15 minimum wage. The answer is offshore Outsourcing. All the more reason to outsource to offshore locations for access to highly dedicated professionals to become part of your internal team. 45% in 2019.
As illustrated below, overall global equity issuance was stagnant from 2017-2019, while global debt issuance has been steadily rising since 2017. Concerns of market volatility and issuances softening started way before the recent collapse of global banking giants, Silicon Valley Bank (SVB) and Credit Suisse.
According to interviews with Andre Silva, CTO of CuriosityStream, his advice to other entrepreneurs is to work out how to combine the offshore crew with the on-site staff. In July 2017, the company raised a total worth of $5 billion, and it is still increasing. They operated in Israel, Ukraine and the US, with 22 employees.
Aside from operatingcosts up to 70% lower than the U.S., Furthermore, our partnership will give you the following advantages: Cutting operationscost. Cutting costs is one of the most common attractions. This is one of the many reasons why industries decide on offshoring their operations.
I had the pleasure of participating in one such forum in recent weeks when the National Online Retailers Association (NORA) invited me to join an online panel discussing how to secure top talent offshore as part of its ‘Future Workplace Transformation’ series. Source: Global Ecommerce sales growth from 2017 to 2023 Source: Global.
After all, low pricing is the main reason why business owners choose to outsource their function to an offshore BPO company. Reduce operatingcosts. Gain operational expertise. But one of the things worth mentioning here is their statement about reducing the overall cost of operation up to 70%.
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