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Philippine BPO Sector Still an Economic Constant

Concerns about the Philippines’ business process outsourcing (BPO) industry slowing down under the governance of political outsiders—the Philippines’ President Rodrigo Duterte and the US’ President-Elect Donald Trump—have been shrugged off by economic experts. During a macroeconomic briefing by First Metro Investment Corp. on January 5, 2017, Bernardo Villegas from the University of Asia and the Pacific said that Philippine BPO industry is still an “area of certainty” despite strained US-Philippine relations in late 2016, and recent pronouncements of President-Elect Trump on bringing jobs back to the United States.

How the Outsourcing Industry Disrupted the Philippine Middle Class

One of the Philippines’ major economic drivers is the Business Process Outsourcing (BPO) industry, which provides 1.3 million jobs and $25 billion in revenue. In 2017, the industry is expected to exceed remittances, the country’s traditional source of foreign exchange, with more foreign revenue. The World Bank estimates that by 2020 it could provide 2.6 million jobs and revenues of at least $50 million.

Experience Over Youth

There are many companies that believe hiring younger employees over experienced ones is wiser—they perceive younger individuals as energetic, people pleasers, and sources of fresh perspectives that can benefit business operations. While there are great advantages to hiring younger staff, such as their affordability, there are also advantages to considering older and seasoned staff for your company.

Flat Planet Wins Its Third BRW Fast 100 Award!

For the third year in a row, Flat Planet has been recognized as one of the 100 fastest growing Australian companies in the BRW Fast 100 2016 of the Financial Review. This year, we have been ranked 91st for our outstanding business growth. As an Australian-based company with operations in Manila, Flat Planet is the only Philippine outsourcing company that has been part of the esteemed list.

Benefits of Outsourcing Payroll

Payroll plays a crucial part of your business as it’s the way to reward and retain employees for the work that they do for your company. It can be a tedious task because it takes a lot of time to accomplish, and when you inevitable make miscalculations, your employees may consequently feel dissatisfied and unmotivated. On top of the occasional calculation errors, there are many tax and payroll regulations that you need to thoroughly understand. A mistake on either the classification of staff, tax deposits, and overtime payments, among others can be very costly when penalized. Outsourcing your payroll is an excellent option that you may take as it is a solution that will eliminate problems and headaches from the in-house payroll process.

Twitter Updates

Have you thought about hiring someone to keep your website up-to-date? What about your blog? These tasks can be accomplished by a highly qualified virtual employee working in a remote office in the Philippines at Flat Planet. Read more