Outsourcing staff from the Philippines has grown in popularity due to its many benefits. Outsourcing to the Philippines offers access to talented, experienced professionals and cost savings due to the country’s favourable exchange rates. Companies of all sizes, from start-ups to Fortune 500 companies, are turning to organisations like Outsourced Philippines in the Philippines to outsource essential business functions and gain a competitive advantage. Here are eight benefits of hiring an offshore staff from the Philippines:
1. Lower labour costs
One of the biggest advantages of hiring offshore staff in the Philippines is the lower labour costs. The living cost in the Philippines is significantly lower, so salaries and wages are also lower. This can result in significant savings for your business.
According to the Department of Trade and Industry (DTI) in the Philippines, 99% of their registered businesses are classified as SMEs. In 2022, it was even easier for aspiring entrepreneurs to set up shop thanks to e-commerce sites, mobile app services, and other online marketplaces. With 957 620 small companies already operating within the country’s borders, you don’t want to miss this opportunity.
2. Access to world-class talen
Outsourcing to the Philippines also gives you access to a pool of highly skilled professionals. Despite its comparatively low labour costs, the Philippines have a highly educated and well-trained workforce. With its large English-speaking population, it’s easy to find employees with the necessary skill sets and experience.
3. Lower taxes
Philippine staff are also subject to lower taxes than their western counterparts. This further reduces the cost of labour and can add significant savings for your business. For example, the employee tax rate in the Philippines is around 9-25%.
4. Cost savings on office space
Outsourcing staff from the Philippines eliminates the need for an actual office space. This can result in huge savings on rent and other overheads. Furthermore, the internet and other IT infrastructure cost are very affordable in the Philippines.
5. Improved efficiency
Outsourcing staff from the Philippines can also help improve your business’ efficiency. You can streamline your workflow by utilizing remote employees and eliminating the need for time-consuming tasks. This can free up resources that can be used more productively elsewhere.
6. Access to new markets
The Philippines is a rapidly growing economy with a large population. Outsourcing to the Philippines can give you access to a new market and allow you to tap into the potential of this emerging market.
7. Access to top-tier infrastructure
Outsourcing your operations to the Philippines gives you world-class infrastructure. The country is home to a modern telecommunications network, reliable internet connections, and powerful computers. This ensures you can easily access the necessary resources to run your business.
8. Time zone advantages
The Philippines can operate in the similar time zones as many of its key markets, such as the United States and Australia. This makes communicating and collaborating with customers, vendors, and other stakeholders easy.
Overall, hiring offshore staff in the Philippines can bring many benefits to your business, including lower labour costs, access to a skilled workforce, increased flexibility, and more. It is important to do proper research and due diligence when choosing an outsourcing company in the Philippines to ensure it has a good reputation and experienced staff and can provide the services you need.
