The return on investment is just so much that this method of getting projects done cannot be ignored. This is not to say that outsourcing is just for businesses of such size since even the big name multinational companies are also outsourcing. In fact, outsourcing has become a stable industry in several countries like the Philippines that it has become part and parcel of this industry to offer top notch services to its international clients.
Outsourcing is basically a method wherein a third party is contracted to work on non-core business functions or a project wherein the business owner does not possess the expertise required for it. When outsourcing is employed in the business process the client is actually contracting professional services of an agency or outsourcing vendor. In such case, the client can expect to collaborate with experts in the field of web development and for the project to be executed with less supervision.
With over 30 major countries from different regions, the Philippines remain a top contender in the first three positions, even topping all other countries in some type of outsourcing services such as:
The success of a project starts with proper collaboration of requirements and goals between the client and the outsourcing vendor. Filipinos are great communicator of the English language having being governed by the United States for nearly 50 years.
The many years of presence of American bases in the country up until 1991 gave way to Western upbringing of the majority of Filipinos and with English becoming their medium of speech.
High IT skills coupled with good communication skills guarantee successful web projects. The literacy rate of Filipinos being above 90% is one attribute to the success of the outsourcing industry in the Philippines.
The value put to education is overemphasized in this country with developing an expertise as the ticket to a secure future.
Cost is primarily the reason why businesses, big or small, outsource. Companies are expected to save as much as 80% in labor cost and infrastructure since outsourcing frees business owners of such additional overhead. The savings on cost is reflected in the bottom line and can be treated as retained earnings that can be used in corporate expansions or manpower incentive.