Magellan Solutions

MARCH 7, 2016

Magellan Solutions participated in FEU’s Alumni Placement Expo (APEx): Annual Job Fair 2016 on March 8, 2016 in Far Eastern University Makati. Since 2005, Magellan Solutions has been giving superior-quality contact center and other business process outsourcing (BPO) services to onshore and offshore companies.

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Magellan Solutions

JUNE 15, 2021

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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SourceFit

OCTOBER 24, 2014

The Department of Science and Technology (DOST) expects revenues of BPO companies in the Philippines to increase to $18 billion by the end of 2014 due to its “Next Wave Cities” program. The program also aims to roll out information campaigns on the country’s BPO services that go beyond voice and contact support.

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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. billion in 2013.

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Magellan Solutions

MAY 3, 2022

As part of its cost-cutting measures, the company moved most of its call center operations to alternative offshore locations such as the Philippines, India, and Mexico. . In 2016, some onshore call center workers at Verizon engaged in a seven-week strike in the Philippines. Bank of America. HSBC Holdings.

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Magellan Solutions

JUNE 1, 2021

This is one of the many reasons why industries decide on offshoring their operations. The pricing for staffing offshore is also cheaper. An offshore team in the Philippines usually consists of young individuals. The government has been an integral part of the BPO success in the country. Less utility. Dynamic team.

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SourceFit

OCTOBER 22, 2014

BPO companies in the Philippines are expected to absorb an estimated $30 billion in BPO earnings from rival India, according to a report by the Associated Chambers of Commerce and Industry of India (Assocham). From slightly more than a hundred thousand workers, the country’s BPO sector currently employs one million workers.

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SourceFit

NOVEMBER 4, 2014

will drive the growth of the Philippines’ Information Technology-Business Processing Management (IT-BPM) and offshoring sector, according to Department of Science and Technology (DOST) secretary Mario Montejo. million job projection by 2016 “very achievable,”? Montejo calls the 1.3 Montejo calls the 1.3

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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. 2 and Cebu City at no.

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Magellan Solutions

JULY 14, 2021

2021 BPO Status in the Philippines. The working conditions increased the fear of Covid-19 among 247 bpo services inc. The pandemic damaged even the BPO sector. But the BPO industry in the Philippines accommodated many adjustments. The pandemic disrupts the BPO industry. Moreso, Filipinos are resilient.

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SourceFit

OCTOBER 14, 2014

IBPAP senior executive director Gigi Virata said that the IIS aims to equip and empower industry stakeholders to step up and take action amid the technological revolution and robust growth happening in the IT-BPO sector. to sustain the Philippines’ offshoring/outsourcing boom. References: – [link] – [link].

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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. Reference: – [link].

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Magellan Solutions

DECEMBER 5, 2019

With over 800 BPO companies, around 1.5 Citi’s operations in the country — within the firm’s operations and under the BPO setup — can be attributed to the Philippines’ “sound macroeconomic fundamentals and skilled workforce.”. They hire Estonian and Ukrainian developers because of the cheap offshoring and their great talent.

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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. Some things are better even if they are cheaper.

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Magellan Solutions

JULY 17, 2021

Thus, they will look for an offshore insurance process outsourcing provider to lend them industry experts. The Insurance Business Process Outsourcing (BPO) market share in the US is around US$1.7 So, it is only fitting that partnering with a BPO company could also give you access with this technology. Billion as of 2020.

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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. In 2016 alone, the BPO industry raked in $23 billion in revenues and generated direct employment to about 1.15 Highly Skilled, College-Educated Workforce.

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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. Aquino steps down in 2016.”

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Magellan Solutions

MAY 6, 2020

As part of its cost-cutting measures, the company moved most of its call center operations to alternative offshore locations such as the Philippines, India, and Mexico. . In 2016, some onshore call center workers at Verizon engaged in a seven-week strike in the Philippines. Bank of America. HSBC Holdings.

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Magellan Solutions

MARCH 27, 2023

Spending on business process outsourcing (BPO) is anticipated to reach US$212 billion in 2023, up by 19% from 2019. Its market value in 2016 was US$106.46 Choose a BPO company that can supply you with employees whose skills meet your expectations. Around US$700 billion was spent by corporations on outsourcing in total in 2022.In

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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. . Here are reasons why companies outsource some of their tasks to business process outsourcing ( BPO ) companies. . In order to modernize its website and mobile apps, Hertz recruited Accenture in 2016. CASE STUDY .

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SourceFit

FEBRUARY 20, 2015

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. It provides custom offshore staffing solutions to small, medium, and large businesses all over the world. Sourcefit Philippines Inc.

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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. The BPO industry is continuously growing.

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Magellan Solutions

MAY 28, 2019

Business process outsourcing, or simply called as BPO, is a term deemed outlandish, absurd, and even crazy a decade or two ago. Nobody back then will believe that BPOs can generally help businesses grow and become successful. Identifying experts will help you determine whether your company needs a BPO partner or not.

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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. Reference: – [link].

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SourceFit

FEBRUARY 9, 2015

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. Related Sourcefit Posts: – Why the Philippines Remains a Top Global Back Office Services Provider & BPO Destination. – trillion by 2030.

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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. GET MORE BPO News Philippines 2015.

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Magellan Solutions

FEBRUARY 18, 2016

They were the graduating students of Centro Escolar University (CEU) who attended their university’s 26 th Job and Career Fair last January 29, 2016. one of the most promising Philippine-based companies offering comprehensive BPO solutions to onshore and offshore clients.

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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. Not just a BPO company that can supply them with people who they can manage.

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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. million and hit $25 billion in revenues by 2016. . Related Sourcefit Posts: – Philippine BPO, Other FDIs to Drive Growth in 2015 – DTI. – Reference: – [link].

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SourceFit

JUNE 3, 2012

The group’s aim is to help the software development sector build and commercialize at least 10 software products “all globally recognized” in different categories by 2016. For each of these software products, the projected revenue from offshore customers is at least $1 million. .

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Magellan Solutions

JANUARY 25, 2018

Also, when architectural firms hire labor intensive architectural services like an offshore 3D modeling service, concept design, structural analysis, and other tasks that does not really require highly-technical expertise, they could save up more time for project management, the actual building design, and other core architectural jobs.

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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. Fast turnaround time. Cost-effective. Less control. Low-quality service. Good company culture.

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Magellan Solutions

MARCH 8, 2018

A large percentage of BPO workers are into the contact center sub-sector. The monthly compensation of BPO employees is also very attractive. In 2015, the country’s BPO industry is at its highest peak. However, in 2016, it was predicted that the annual growth rate of the BPO industry has decreased.

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