15 Advantages of Outsourcing in the Philippines
Outsourcing has become beneficial to many businesses worldwide. The advantages of outsourcing in the Philippines have helped many establishments optimise their operations and reduce their costs. Due to this, the Philippines is known all over the world as a trusted source for outsourcing a global talent tool that will bring value to your operations.
Although large corporations outsource, small and medium-sized enterprises feel that outsourcing is the most advantageous option in the Philippines. But like any business owner about to invest, ask yourself if this is the right move for your business and if you encounter any possible disadvantages down the road.
Luckily for you, we’ve listed all the advantages of outsourcing and some tips to help you start this business venture confidently.
Advantages of Outsourcing in the Philippines
1. Affordable Labour Costs
One of the principal advantages of outsourcing for small businesses is its affordable labour cost. The Philippines has an exchange rate and lower cost of living advantage over Western countries, making their work rates more low-end compared to hiring local talents without sacrificing quality.
The average monthly rate for virtual assistants in the Philippines is PHP 25,000 or AUD 660. But it depends on their skills, expertise, and location. Compared to hiring another member of your in-house team, that’s around 60% saved on labour costs.
2. Competitive Pricing
Many outsource due to its cost-saving benefits. However, a notable advantage of outsourcing for small businesses is its competitive pricing. With access to affordable labour costs, you have more disposable resources that you can use to invest in other areas of your business.
Pricing can also be flexible when you choose to outsource, which is especially advantageous if you’re a growing business. So, if you ever need to scale up or down, your offshore staff can adjust according to your requirements and budget. This approach allows you to only pay for the service you use and nothing more.
3. Highly Educated Professional
Most professionals who work as Virtual Assistants in the Philippines are college graduates. They have extensive experience working in various industries and have the necessary knowledge and skills to support your business remotely.
One of the best advantages of outsourcing is you can work with intelligent and perceptive individuals eager to face new challenges and learn new skills. Additionally, Filipinos have a reputation for their professional and hospitable personality and can get their work done right.
4. English Proficiency
The Philippines has English in their school curriculum from first grade to college. English is so commonly used in day-to-day conversations that 55% of the country’s population can easily converse with no problem.
This is also why the BPO industry is booming in the Philippines. Although some have adopted an American accent, most have a neutral accent, which is ideal for roles that involve reaching out or assisting customers from all corners of the world.
So, if you’re worried about language barriers, you can scratch that off your list now.
5. Streamlining Operations & Resources
One of the notable advantages of outsourcing in the Philippines is that many business owners want to focus most of their time on growth initiatives rather than on repetitive tasks.
When you outsource to suitable Virtual Assistants to help you alleviate your team’s workload, you can start dealing with more crucial tasks to help you grow towards your business goals.
6. Expanded Business Hours
The BPO industry is booming in the Philippines because the workforce can provide round-the-clock services, allowing companies to expand their 24/7 customer support capabilities.
Outsourcing makes you capable of getting work done at any time of the day. Time zone difference won’t be an issue at all – there are Virtual Assistants available to work on various shifts. So, your business is operational and moving closer to your objectives even while you’re asleep.
7. Specialisation and Expertise
An advantage of outsourcing is you can access Virtual Assistants with varying specialisations and expertise. They are an experienced bunch with various industry experience and can get your outsourced projects done with high standards.
See our Virtual Assistant Services to find different specialisations and expertise from friendly individuals who can help scale your business.
8. Technologically Savvy
Another advantage of outsourcing in the Philippines is hiring technologically savvy individuals who can adapt to various technologies and software you require.
As for data security, the Philippines has data privacy laws, compliance policies, and regulations to protect business/user data and minimise risks against cyber threats.
9. Access to Virtual Assistants
When you outsource to the Philippines, you gain access to a reliable Virtual Assistant (VA) that transforms your business operations for the better, streamlines your processes, and enhances overall productivity.
These VAs specialise in various responsibilities, from administrative and customer service to digital marketing and finance. With access to these VA services, you can free up valuable resources and focus on core business activities crucial for growth. This strategy allows you to be more efficient and maintain flexibility in your scaling operations without the hefty investment of additional in-house staff or office space.
10. Diverse Service Offerings
One of the best advantages of outsourcing in the Philippines is you can access a vast range of services designed for various business operations and requirements.
These services include (but are not limited to) administrative, customer services, digital marketing, design, finance, real estate, and many others. Businesses of all sizes benefit from these services because it allows them to delegate non-essential activities and focus more time on strategic endeavours.
You also have the option to tailor outsourcing services according to your requirements – so you’re only paying for the services you need. Look for an outsourcing agency that can offer tailored VA packages that align well with your business goals and have the capabilities to adapt swiftly to changing demands and market conditions.
11. Western Cultural Influences
The Philippines is a hodgepodge of cultural influences, and Western culture plays a big role. Western culture (particularly the USA) strongly impacts current Filipino customs, from food, fashion, music, movies, and accents. Because of this, Filipino VAs have an understanding of Western culture and can easily adjust to local work practices and customer behaviour.
12. Compatible Work Ethic
Filipinos have a worldwide reputation for being hospitable, polite, and hardworking. They’re also known for being reliable, committed to their work, and flexible in their environment. These qualities have allowed them to excel in various work cultures and industries, making them a valuable members of any business looking to scale harmoniously.
13. Government Support for Outsourcing
One of the impactful advantages of outsourcing in the Philippines is it has brought many jobs to Filipinos and gave a major boost to the country’s overall revenue and economy. So, to support this new revenue-generating stream, the Philippine government created laws, policies, and tax incentives that support the development and infrastructure of foreign outsourcing companies that want to establish in the country.
14. Improved Productivity
Improved business productivity and efficiency are some of the most striking advantages of outsourcing for small businesses. When you partner with a reliable outsourcing agency like OMB, you have access to a wide pool of global talent who are experts in various tools and skills that will bring you one step closer to business success.
One of the ways outsourcing helps you improve productivity and efficiency is they can optimise your processes. Once you hand over time-consuming and repetitive tasks to a reliable VA, you can shift your focus to more strategic initiatives, and your team can do their respective responsibilities without worrying about repetitive tasks getting in their way. This approach of improving productivity and efficiency maximises your business capabilities, opening more opportunities for your business.
15. Enhances Business Flexibility
Outsourcing is a good and affordable option if you’re a growing business or only require temporary help. Outsourcing is great if you’re looking for a cost-effective choice that will allow you to scale up or down depending on your current requirements. Find an outsourcing agency like OMB that offers tailor-fit and flexible VA services that will adjust your packages on demand.
Acquire the Advantages of Outsourcing in the Philippines with OMB
Outsourcing in the Philippines can provide many advantages for businesses that want to scale their operations. By being able to assist you in scaling your business with minimal cost and effort, you can shift your focus on growth initiatives and create a dynamic business environment that’s productive and efficient.
One of the most sought-after advantages of outsourcing in the Philippines is its cost-effectiveness. Many small and medium-sized businesses worldwide have grown, with access to competitive VA pricing, a global talent pool, and scalable options.
In a way, outsourcing gives you the edge to become more competitive in your market, but it has to be with the right provider and VAs to get the best outcome from your investments. Fortunately, the Philippines is known as one of the top countries to outsource to and has many trusted Virtual Assistant agencies like OMB that can handle your offshore team hiring needs – from start to finish.
If you’re interested in starting your outsourcing initiatives, contact us here, and an Outsource My Business Representative will connect with you. We’ll show you how you can optimise your operations for success with our outsourcing services tailored for success.
