Companies all over the world strive to reduce their operating costs in order to increase their profits. One of the most preferred business strategy that most companies and businessmen apply, is outsourcing. In simple terms, outsourcing refers to the practice of transferring some portions of a company's work to outside service providers, suppliers or experts as opposed to undertaking all their tasks internally.
In the recent past, there has been an influx in the number of American companies that are seeking to outsource Philippines due to the huge gains they accrue from it. Whereas there are many reasons why most American companies prefer outsourcing to the Philippines, here are a few of them.
First of all, it is good to note that the U.S. colonized Philippines for more than a century. Well, this is the reason why there is a great cultural affinity between Philippines and the U.S. During the hundred year's colonization period, the Americans way of life was exposed to the Philippines, which made the Philippines to be familiar with the manner in which Americans conduct their business. This like-mindedness makes the U.S companies to prefer outsourcing to the Philippines as opposed to other Asian countries.
The other thing is that a lot of educational institutions in Philippines teach in English and that students are mandated to only communicate in English within these institutions. This has increased in percentage the number of Filipinos who eloquent in both written and spoken English as compared to other Asian countries. This being the case, it is then easy for Americans and Filipinos to conduct business without the fear of communication breakdown. This has further increased the Americans choice of Philippines as their most preferred outsourcing destination. Find a virtual assistant philippines at this link.
There is a significant difference in exchange rate between the American dollar and he Philippine peso. This in effect makes American companies to spend significantly less amount of money in Philippines for the same service or product they can acquire in the U.S. Therefore, by outsourcing to the Philippines, it is possible to save money by taking advantage of this fact.
Finally, Philippines telecommunication industry has risen significantly in the past, to edge that of China and India. This has made Philippine to join the list of countries with a state of the art telecommunication services in Asia, making it an ideal destination for companies seeking to outsource.
In the recent past, there has been an influx in the number of American companies that are seeking to outsource Philippines due to the huge gains they accrue from it. Whereas there are many reasons why most American companies prefer outsourcing to the Philippines, here are a few of them.
First of all, it is good to note that the U.S. colonized Philippines for more than a century. Well, this is the reason why there is a great cultural affinity between Philippines and the U.S. During the hundred year's colonization period, the Americans way of life was exposed to the Philippines, which made the Philippines to be familiar with the manner in which Americans conduct their business. This like-mindedness makes the U.S companies to prefer outsourcing to the Philippines as opposed to other Asian countries.
The other thing is that a lot of educational institutions in Philippines teach in English and that students are mandated to only communicate in English within these institutions. This has increased in percentage the number of Filipinos who eloquent in both written and spoken English as compared to other Asian countries. This being the case, it is then easy for Americans and Filipinos to conduct business without the fear of communication breakdown. This has further increased the Americans choice of Philippines as their most preferred outsourcing destination. Find a virtual assistant philippines at this link.
There is a significant difference in exchange rate between the American dollar and he Philippine peso. This in effect makes American companies to spend significantly less amount of money in Philippines for the same service or product they can acquire in the U.S. Therefore, by outsourcing to the Philippines, it is possible to save money by taking advantage of this fact.
Finally, Philippines telecommunication industry has risen significantly in the past, to edge that of China and India. This has made Philippine to join the list of countries with a state of the art telecommunication services in Asia, making it an ideal destination for companies seeking to outsource.