Bpo Outsourcing Companies In Philippines - With BPO companies now allowed to use 100% in-house setups without significant impact on their tax incentives, many Registered Enterprises (RBEs) are now looking to expand their office footprint outside of Metro Manila and monitor the establishment of their operations. in the states, it has long been seen as an underutilized service for BPO players.
The IT and Business Management (IT-BPM) sector remains one of the most productive sectors of the Philippine economy. The number of full-time employees (FTE) working in this sector has already reached 1.44 million and is projected to increase from 1.1 million to 2.5 million by 2028, 54% of which will come from country, according to information and technology data. IT-BPM Roadmap of the Philippines Business Process Partnership (IBPAP) 2023-2028. The industry is also expected to grow by 8.5% in 2022.
Bpo Outsourcing Companies In Philippines
In the last month, there have been several news items detailing the various BPO players operating in the country. The chart below shows the country's largest BPO players in terms of estimated total FTE as of Q3 2022.
Outsourcing Company In The Philippines
Figure 1: Estimated number of full-time employees of 19 BPO companies operating in the Philippines. Headcount is based on information published on company websites and by third-party media.
Currently, the top five IT-BPM vendors in the country include Concentrix, Accenture, Teleperformance, Alorica and Sitel Group. Of the 19 BPO players listed, the best hires in Q3 2022 came from Concentrix, which hired 10,000 more employees, followed by Teleperformance (2,534 employees), TaskUs Philippines (8,000 employees), Telus International ( 7,000 employees) and afni Philippines (2,000 employees).
Figure 2: Office footprint, in square meters, of 19 BPO companies in the Philippines. Source: data (9M 2022).
In terms of overall office occupancy growth, WNS Global Services has significantly expanded its footprint in Metro Manila and provincial offices: 12% and 47%, respectively. On the other hand, many BPO companies have expanded their operations by expanding into the states. Telus International increased its office footprint in Metro Manila, but expanded in the provinces by 23%. TTEC's provincial office footprint also grew by 19%, while maintaining its footprint in Metro Manila. Concentrix, the Philippines' largest BPO company in terms of headquarters and office staff, also expanded outside Metro Manila: its provincial office footprint grew by 12% in Q3 2022 compared to the previous quarter.
Outsourcing In The Philippines?
Recognizing the need to adapt to the changing times and changing behaviors of BPO employees and workers, on September 14, 2022, the Financial Services Regulatory Board (FIRB) passed Act No. Philippine Economic Zone Authority (PEZA) to the Board of Investments (BOI) which essentially allows them to do 100% work from home (WFH) arrangements without any interference which is positive for their tax incentives. This is being hailed as a big win for BPO workers and employers.
This development has encouraged many BPOs to expand their travel offices outside Metro Manila and accelerate business establishment in the provinces, long considered an unsustainable service used for BPO professionals. Now with the right to use WFH, BPOs are nurturing the talent they love to return to their hometown.
Figure 4: Total office space in the government market from Q3 2022 and the percentage of businesses led by BPO firms
As reported in the recently concluded Philippine real estate market update for the third quarter of 2022, there was an increase in provincial office transactions in the quarter. The data shows that an additional 63,000 square meters of office space was traded in the third quarter of 2022, bringing the total to 145,000 square meters for the first nine months of the year. This figure is 23% of all registered offices. More than half (56%) of these transactions involve BPO companies.
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Data shows that Cebu is still the biggest city attracted by BPOs, recording about 34,000 square meters of office space, followed by Davao (21,000 square meters) and Pampanga (9,000 square meters). When asked about their motivations for choosing locations in the state, most of these BPO companies cited expansion and/or relocation.
Figure 5: Top locations of BPO companies and total number of new offices occupied by Q3 2022
The IT-BPM domain offers many opportunities for different projects and we have yet to unlock its full potential. But with the current state of our education system, the Philippines is in danger of losing ground in the global IT-BPM market. In a recent interview with ABS-CBN News, Accenture CEO Manolito Tayag said, "We need to bridge the gap between the needs of the business and our students who have learned." He also added that the key elements for expanding the IT-BPM sector outside Metro Manila are capacity, appropriate capacity, design and connectivity that can boost businesses.
Part of the BPO player's selection criteria before investing in any sector is the availability and capability of talent. Hence, education bias makes it difficult for BPOs to invest or expand in these areas. In addition, promoting and promoting people is also very important to improve their current skills and acquire new ones so that they can function effectively. Our employees need to be equipped with skills and technology, especially in the competitive IT-BPM business, so that they can maximize their potential.
The Outsourcing Industry In The Philippines
The concept of BPO companies has changed. As BPO employees choose to establish WFH and choose to stay in their state, companies are now trying to take advantage of this situation and are expanding their workplace and opening offices in various locations outside of Metro Manila. This allows them to not only pursue their skills, but also find areas that will give them an edge over their competitors, such as pool access to the best available capacity, lower operating costs and first-time benefits.
As an important part of the country's economy, we are happy to see further growth and expansion from the IT-BPM sector for the remainder of 2022. With the positive development of BPO companies, the local government (LGU) must implement measures to simplifying the process of doing business in their regions, while producers, both national and state, must again be right in demand to come and set up new offices that are ready for BPO. Service center or shared office workers can take advantage of this demand by creating government stores specifically for customers with smaller needs.
The continued demand for jobs from the IT-BPM sector and their increased investment in regional areas will help transform the country's ICT infrastructure, expand growth outside Metro Manila and create more jobs for locals.
Marikris has been working in real estate since 1998. He started his career as a Business Consultant at Megaworld Corporation managing the leasing of Megaworld offices, residential buildings and commercial warehouses. In 1999, Maricris worked on the conception, creation and operation of Eastwood Locator's Assistance Center ([email protected]) in Eastwood City CyberPark, the first ICT, mixed-use urban planning project in the Philippines. [email protected] serves ICT and BPO companies as a one-stop solution for real estate, information systems as well as business center and hub for service providers and governments, satellite offices.
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Maricris joined International in 2012 to provide strategic advice and solutions to its existing clients as well as new clients to the firm.
In addition, Maricris founded the Children's Environmental Awareness and Action Foundation (CEAAF), which focuses on the development and implementation of programs and educational materials on the flora and fauna of the Philippines, as well as Philippine pride projects and events.
Daniel is a Senior Manager of Landlord Representation (LR) in the Office Services team. He started as a member of the Representation Team and moved into his role at LR - now reporting on various works in the literature.
As a Development Director, Daniel works to provide unique solutions for our clients' success and complete projects, offices, buildings in collaboration with producers and owners.
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Throughout the leasing process, clients will be able to benefit from her recommendations and recommendations to provide them with the best service known.
In 2008 he was transferred to the Service Office as an analyst where he worked on the Department's records management. Along with this, it has expanded into services and real estate businesses. After that he was promoted to Interview in 2009.
In 2016, he shifted gears and joined the Corporate Representative Team holding various positions in Metro Manila and various States, of all sizes. As of early 2010, Forbes Insights research found that 60% of CEOs of global companies believe that BPO plays an important role in supporting their business model. Today, almost all companies outsource part of their work. Oxford Business Group predicts that outsourcing business processes globally will become more expensive
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