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Outsourcing in the PH: Your Smartest Business Investment this 2022

Think about it this way: Outsourcing is a Business Investment, Not an Expense.

Outsourcing the back-end process of your business will free up time and resources for you to focus on the core activities of your business. In 2017, a US study found that Small and Medium-sized Enterprises (SMEs) spent 120 working days per year on admin tasks and bookkeeping – imagine how your business can grow if you outsource your HR and Accounting tasks to the Philippines and spend those 120 days developing ideas that can generate income for your business!

Now, some business owners may think of Outsourcing as an additional business expense but remember, outsourcing skilled professionals outside western countries – like the Philippines – can give you the same quality result for 70% less of the price it would take to hire an in-house expert!

Why the Philippines?

  1. The Philippines is expected to post the highest economic growth among the ASEAN+3 region in 2022 and 2023 – The country’s Department of Finance’s forecast reflects a 6.9% growth projection of the ASEAN+3 Macroeconomic Research Office (AMRO) for the Philippines this 2022 – the fastest in the region.
  2. PH as a Hub for Artificial Intelligence – Several Philippine conglomerates will invest US$20 million to establish the National Center for AI Research (NCAIR) taking the Philippines one step closer to becoming a regional leader in AI and opening up business opportunities that can be worth billions.
  3. Economic Zone Development – Access more growth opportunities for your business with 7 new locations identified as potential economic zones in the PH. As of 2019, the Philippines Economic Zone Authority (PEZA) has over 300 fully operating economic zones across the country. which offers Tax Benefits and Simplified Trade Procedures among others. 

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Outsourcing Data You Need to Know

1.43 Million

full-time employees and skilled professionals in the BPO Sector

$29.1 Billion

worth of revenues in 2022 surpassing revenue and employment targets

10.6% growth

in the PH Outsourcing Industry with consistent signs of expansion

Built on a foundation of trust

Sourcefit is an American-managed outsourcing company in the Philippines with state-of-the-art production offices located in Manila. We help companies large and small to lower costs and increase productivity by providing highly skilled, highly motivated remote staff who can match the performance of onshore staff at a fraction of the cost. But our mission goes beyond staffing and productivity. We are committed to working closely with you to establish a long-term strategy that will turn your offshore initiative into real, enduring value for your business.
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 21st Floor, CyberOne Bldg,
Eastwood Cyberpark,
1110 Bagumbayan, Quezon City
Metro Manila, Philippines
  U.S./International: +1 808 377 4547
  Philippines: +63 2 84702484
  U.S. Toll Free: +1 888 433 8801
  UK/Europe: +44 203 318 9847
  Australia: +61 863 652 831
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