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A Deloitte study found that 59% of businesses cite cost-cutting as a primary reason for outsourcing. The global IT outsourcing market is projected to reach $1.149 billion by 2032, according to Precedence Research, highlighting its growing importance.
But through BPO outsourcing, companies can divest fewer resources on: Training Buying software High-tech systems Peripherals. This gives companies more financial resources to focus on areas like: Manufacturing Production Main business trade. Lower costs spell good news for employees. Nearshore Outsourcing.
Costs One of the primary drivers for outsourcing is cost savings. A study by Accelerance found that companies can save up to 40-70% on development costs by outsourcing to countries with lower laborcosts. Access to Talent Outsourcing provides access to a vast pool of specialized talent.
American Express (Amex), an American multinational financial services corporation, outsourced its customer services and other back-office tasks to the Philippines. Despite its outsourcing activities, Amex is still considered as one of the best companies to work for. Why Should You Outsource to a Call Center?
Villegas said the service sector’s strengths lie in low laborcosts, high tertiary education levels, adaptable workforce, English fluency, and cultural compatibility with the United States and other countries in the West. years) with young, talented people swelling the labor force. Outsource Bookkeeping Philippines.
American Express (Amex), an American multinational financial services corporation, outsourced its customer services and other back-office tasks to the Philippines. Despite its outsourcing activities, Amex is still considered as one of the best companies to work for. Why Should You Outsource to a Call Center?
But if you prioritize high-quality service at a low cost, you may consider the Philippines. It is an excellent choice for its key competencies such as its educated workforce, efficient labor practices, industry expertise, low laborcost, and strategic location. . The length of time of the contract. Anheuser-Busch InBev.
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