Not what BPO actually stands for (Business Process Outsourcing), but the continuous rise of these companies in the Philippines is projected to become one of the sectors that would heavily focus on employing a great number of employees and at the same time racking in the revenue in the next few years.
So why not prepare to be part of it?
With it’s share of revenue generation along with the OFW remittances, we could say that the BPO industry is finally gaining its reputation in establishing itself as a great way to yield skill and workforce while meeting standards of business.
On a report from a well known business publication, it states that:
“The Business Processing Association of the Philippines projects the industry to yield up to $27 billion in annual revenues and directly employ some 1.3 million Filipinos by 2016.
The forecast implies the creation of up to 536,000 new jobs and the doubling of annual revenues over the next three years.”
Also on the report, you’d find posted revenue of the top players of the BPO Industry, such as:
JPMorgan Chase Bank N.A.—Philippine Global Service Center (P9.888 billion); Stream International Global Services Philippines Inc. (P6.803 billion); Sitel Philippines Corp. (P6.501 billion); Telephilippines Inc. (P5.598 billion); Sutherland Global Services Philippines Inc. (P6.438 billion);
• Deutsche Knowledge Services Pte. Ltd. (P6.419 billion); Sykes Asia Inc. (P5.790 billion); Aegis PeopleSupport Inc. (P5.442 billion); Telus International Philippines Inc. (P5.431 billion); IBM Daksh Business Process Services Philippines Inc. (P5.122 billion);
• HSBC Electronic Data Processing Philippines Inc. (P4.805 billion); IBM Business Services Inc. (P4.481 billion); Shell Shared Services Asia B.V. (P4.235 billion); Sykes Marketing Services Inc. (P3.170 billion); SPi CRM Inc. (P2.953 billion); Apac Customer Services Inc. (P2.912 billion);
• RMH Teleservices Asia Pacific Inc. (P2.836 billion); IBM Solutions Delivery Inc. (P2.553 billion); 24/7 Customer Philippines Inc. (P2.497 billion);
• Genpact Services Llc. (P2.415 billion); ePLDT Inc. (P2.373 billion); Transcom Worldwide Philippines Inc. (P2.354 billion);
• StarTek International Ltd. (P2.323 billion); Hinduja Global Solutions Ltd. (P2.225 billion); Thomson Reuters Corp. Pte. Ltd. (P2.203 billion); SPi Technologies Inc. (P2.165 billion); Lexmark Research & Development Corp. (P2.005 billion);
• Chartis Technology & Operations Management Corp. Philippines (P1.702 billion); Alorica Pacific Rim Inc. (P1.473 billion); kgb Philippines Inc. (P1.366 billion); Manulife Data Services Inc. (P1.350 billion); and Dell International Services Philippines Inc. (P1.335 billion). The 35 firms alone raked in an aggregate of P168 billion in revenues in 2011.
Now how this affects the movement of the Philippine economy is definitely something to look forward to in years to come.
Image via WikiPedia