The business outsourcing industry in the Philippines has grown annually since 2006. As of last year, there are currently 788 large and SME’s business processing and outsourcing companies in all parts of the country including in Mindanao. It holds a large portion of the global outsourcing market due to its English proficient workers.
A common notion about the outsourcing industry is that it is only limited to telemarketing and customer support. But, there are many types of roles that can be outsourced. Outsourcing, by definition, is paying another person or company to do a certain task or business process for a specific period
Outsourcing, as defined, is paying another person or company to do something for you that you could have done by you or your staff. It has been a business strategy for as long as 100 B.C.E. with the Romans but, was only formally identified until 1989.
Managing a business, small, medium or large is not easy. A lot of processes and expenses should be taken into consideration. There are legalities to consider and the things that you’ll need to run the business itself. Basics business research will cost you and you are doing all of this within a specified budget.