Outsourcing services became an important sector in the world today. It has offered numerous solutions especially to big corporations who can not simply maintain in-house manpower. It enables the company to grow at a faster pace as it will be less constrained by large capital expenditures for people or equipment that may take years to amortize, and may become outdated or turn out to be a poor match for the company over time. Most importantly, outsourcing helps reduce your company’s expenses. Outsourcing companies operate at a very low cost especially offshore companies.
Considering the progress of BPO Companies, venturing into this type of industry would be a wise decision. These companies have risen so fast and have opened avenues for all. Delivering high quality of service is their topmost priority to maintain good relationship with their clients.
It has been predicted by the international investment consultancy firm, McKinsey & Co., that the demand for outsourcing services will hit $180 billion by 2010, wherein customer contact services, finance and accounting, and human resource sub-sectors being the bulk of that.
The business process outsourcing or BPO industry continues to develop in the Philippines. As a matter of fact, with many companies committing to expand faster than expected, the growth of BPO sector is believed to be irrepressible as it is assumed to accelerate this year. In 2006, the Philippines raked in offshore services and generated revenues by as much as $2.1 billion. There was a large increase from the beginning of this decade when this industry outsourced in Manila and it has employed 2,400 people and generated revenues of merely $24 million.
It was estimated in 2006 that there were about 200,000 people in the Philippines who were employed in 120 BPO companies, and most of these are call center companies that comprises 80% of the BPO industry. In general, outsourcing in the Philippines, or the BPO services are projected to earn by as much as US $11 billion and employing 1 million people this year.
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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