Magellan Solutions

JUNE 1, 2021

This is one of the many reasons why industries decide on offshoring their operations. Outsourced staff causes: Decrease of need for direct employee salary. The pricing for staffing offshore is also cheaper. This is in comparison to business process outsourcing. BPO companies in Thailand vs. Philippines.

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SourceFit

OCTOBER 2, 2014

The Philippines’ business process outsourcing (BPO) industry is on track to hit an estimated $25 billion in revenue by 2016. As the country continues to add higher value propositions to its traditional contact center offerings, the BPO industry expects increased traffic in the next two years.

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Magellan Solutions

MARCH 27, 2023

Around US$700 billion was spent by corporations on outsourcing in total in 2022.In In 2023, spending on IT outsourcing is projected to increase by 22% to US$519 billion. Spending on business process outsourcing (BPO) is anticipated to reach US$212 billion in 2023, up by 19% from 2019. With nearly 1.44

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SourceFit

OCTOBER 21, 2014

Philippine President Benigno Aquino III said that the country’s business process outsourcing (BPO) and offshoring sector can grow further with government support. Aquino told business leaders that the BPO sector could employ 1.3 million Filipinos by 2016 from 2014’s 1 million.

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Magellan Solutions

MAY 3, 2018

The Philippines is undoubtedly among the highly-coveted regions across the globe as far as business process outsourcing (BPO) is concerned today. Investors all across the world — US, UK, Australia, and the like — find the Philippines as a perfect place to develop their business operation.

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Magellan Solutions

AUGUST 14, 2021

It is relatively less pricey than other BPO companies yet it is considered as the best in the whole world. Part of the reason why offshore companies love to outsource to the country is because it is easy and affordable. Currently, the country controls 13% of the global BPO market. How affordable? Salary per year ($).

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Magellan Solutions

JULY 17, 2021

According to a recent study, 64% of insurance company owners think that the rising labour costs is the main reason why they will outsource. Thus, they will look for an offshore insurance process outsourcing provider to lend them industry experts. What are the Benefits of Insurance Claims Outsourcing ?

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SourceFit

MAY 1, 2012

The National Economic and Development Authority (NEDA) is projecting growth of at least 15% annually for the Philippines’ Business Process Outsourcing (BPO) sector. . According to NEDA Assistant Director General Ruperto Majuca, the estimated 15 percent growth is an average figure for the years 2011 to 2016.

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Magellan Solutions

DECEMBER 5, 2019

Companies that outsource to Philippines benefit from its wide range of call center and back office services. With over 800 BPO companies, around 1.5 million freelancers , favorable laws, an efficient labor market rate, and a huge talent pool, the country has positioned itself as one of the largest outsourcing destinations in the world.

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SourceFit

NOVEMBER 9, 2013

for the second quarter of 2013 thanks to strong domestic demand and the success of the business process outsourcing (BPO) industry according to Moody’s Analytics. . The country’s BPO sector is projected to reach 6.8 “[The] Philippines accounts for 15 percent of the global BPO market.

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Magellan Solutions

APRIL 6, 2020

Your chosen BPO company will work with you to set a KPI per agent. Plus, labor rates in offshore destinations like the Philippines are also cheaper. To track progress, it is important to maintain communication with your offshore team. How Much Does Data Entry Outsourcing Cost? Fast turnaround time. Cost-effective.

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Magellan Solutions

MAY 28, 2019

“Outsourcing is inevitable, and I do not think it’s necessarily treating people like things.”. Business process outsourcing, or simply called as BPO, is a term deemed outlandish, absurd, and even crazy a decade or two ago. Identifying experts will help you determine whether your company needs a BPO partner or not.

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SourceFit

FEBRUARY 20, 2015

is now a member of IBPAP (Information Technology and Business Process Association of the Philippines). 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. Membership Benefits.

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Magellan Solutions

AUGUST 31, 2022

You must be ready to handle any risks or challenges you may encounter before you employ an offshore staff. . We’ll look at seven significant outsourcing failures in this article. We’ll also go through the top ten causes of these outsourcing failures and how to prevent them. . WHY DO COMPANIES OUTSOURCE THEIR BUSINESS?

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SourceFit

MAY 22, 2015

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.

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SourceFit

JULY 18, 2011

Manila, Philippines – In less than 10 years since business process outsourcing or BPO was introduced in the Philippines, the country is now considered as the world’s number one center for voice-based services. . The BPO industry is continuously growing.

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SourceFit

FEBRUARY 3, 2015

The services sector, led by Philippine business process outsourcing (BPO), grew by 6 percent in Q4 last year, the same growth for 2014’s total year average. The industry currently employs 1.052 million Filipinos, and voice and non-voice outsourced services in the Philippines are expected to increase employment to 1.3

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SourceFit

MAY 26, 2015

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). million Filipinos by 2016. Outsource Bookkeeping Philippines.

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Magellan Solutions

JULY 5, 2021

As a result, it might be hard for any start-up business owner to look for the right BPO company for their operation. . After all, low pricing is the main reason why business owners choose to outsource their function to an offshore BPO company. Big Outsource. Why You Might Want to Outsource with Them?

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