Recently, the Philippines, outsourcing has become the country?s fastest growing industries in the world, and has been ranked the world?s leader. 2010 Philippine outsourcing industry revenue grew 26 percent, totaling $ 8.9 billion; service outsourcing industry employment 52.5 million, growth rate of 24%.
Philippine outsourcing industry to be successful there are two main factors: First, the advantages of talent and industry development; Second, the policy advantages. Philippines now has 29 million technical personnel, information industry and 70,000 computer professionals, engineers, 35,000, 100,000 certified public accountants, business managers 100,000. 72% of the country who is fluent in English, familiar with international advanced technical expertise and customer service standards, have good business ability and professional ethics. The world?s outsourcing market, according to a survey, the Philippines, service of English expression and comprehension, even better than India and Ireland. In addition, the Philippines, ordinary labor costs average $ 234 each, lower than most Asian countries.
Meanwhile, the Philippine government?s guidance, encouragement and support also played a large role in promoting. Philippine government launched a special ?investment priority plan? will give priority to the development of service outsourcing industry into the industry, and launched a series of specific incentives.
First, the Philippines engaged in service outsourcing enterprises in any area or place of business may apply for special economic zones of preferential policies to the government. The one hand, financial incentives. Foreign companies in special economic zones to carry out services outsourcing business, the first six to tax holidays, duty-free period can continue to enjoy preferential treatment, such as only pay 5% sales tax. Companies can also special equipment and materials duty-free imports, exemption from user fees pier, the local purchase of goods and services exempted from VAT of 12%. On the other hand non-financial incentives. Unlimited use of shipping related companies equipment, imported equipment or materials required to conduct business can enjoy facilitate customs clearance. Introduction of talent, the foreign citizens in the service outsourcing enterprises engaged in management, technology and consulting work for up to five positions, executive positions in foreign talent available for longer stay visa.
Second, legislation to protect intellectual property and outsourcing services, data security. Philippine government has promulgated the ?Intellectual Property Law? and ?Data Security and Privacy Act,? to use legal means to support the development of service outsourcing enterprises.
Third, attach importance to training of service outsourcing industry, local talent. To enhance the competitiveness of local talent, the Philippine government allocated special funds to establish a service-oriented outsourcing ?applied training fund? to reach the company?s recruitment standards for the job issuing training vouchers, free skills training, but also committed to After the employment of trained staff to pay personal income tax and then used to supplement the training fund. The Philippine government has repeatedly Fund, each $ 10 million. 2007 specifically for the Philippine government has also 70 000 call center jobs and other business process outsourcing industry workers $ 8 million.
Finally, to expand the overseas market. In addition to the Philippine government in the country to actively guide, encourage and support the development of service outsourcing industry, but also take an active promotion strategy to promote its services to the global outsourcing industry achievements and strengths. Such as 2010, the Philippines and the Philippine Trade and Investment Center Outsourcing Industry Council in the United States more than co-organized activities to promote their services to U.S. companies outsourcing industry development achievements. Currently in the Philippines to invest in service outsourcing enterprises from the United States, Japan, Korea and Europe, which accounts for the Philippines, the U.S. outsourcing market, 60% to 70%.
Philippine outsourcing industry of the country?s future prospects. According to the agency forecasts that by 2016, the Philippine outsourcing industry, information technology services revenue will reach $ 25 billion global market share of 10%. With the realization of this goal, the number of practitioners in the industry will reach 1.3 million, the industry output value reached 9 percent of gross domestic product.
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Source: http://www.finance-ol.com/2011/09/philippine-outsourcing-industry-into-a-new-economic-growth-point/
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