BPO in the Philippines: Country to sustain 7% growth

OABPO Blog Team Published on October 18, 2013
bpo-in-the-philippines

There is “nothing stopping” the country’s economy from sustaining a 7% growth this year and next, local analysts say. The BPO industry in the Philippines is one of the major drivers of this growth.
In an ABS-CBN news report, Vice President and Head of Research for stock brokerage firm COL Financial Group, April Lee-Tan, stated that, “We re very positive in the economy, largely because of our huge consumer base. In the Philippines 70% of our GDP is consumption. The drivers remain intact.”
Aside from the outsourcing industry, OFW remittances and other new sources also contribute to consumer spending.
Tan said that aside from these short-term growth drivers, the economy is also benefitting from the country’s demographic dividend. The average Filipino is 23 years old, which guarantees a steady pool of labor in the following years. Tan also noted that the younger generation is not just increasing consumption, but are also aggressive in pushing for financial investments.
The economic growth of the country at first semester was posted at 7.6%, which is higher than the previous government target of 6%-7%. Major analysts and financial institutions, such as the World Bank, have already upped their growth forecasts. Recently, a University of Asia and the Pacific economist even predicted that the country can grow from 7% to as much as 10% within the next 10 years.
The BPO industry in the Philippines is targeting 900,000 employees by the end of 2013 and 1.3 million by 2016. Its expected revenue is $16 billion for this year and $25 billion in 2016.
Open Access BPO is a market leader in providing offshore business solutions. Our company is located in the business district of Makati, Philippines. For more information about us, check out our website or join us on Google+ page.

Join us on facebook
Open Access BPO 3 days ago
#SocialEngineering is a manipulative technique that uses psychological tactics to deceive individuals into revealing confidential information or taking actions they wouldn't typically do.

And #CallCenter agents are among the favorite social engineering targets.

Here are potential #SocialEngineering techniques that could leave you a sitting duck for cross-channel fraud: https://buff.ly/45XxFjJ

----------
Learn about our rigorous #DataProtection policies and #DataSecurity compliance:
https://buff.ly/44ZrTN9

Partner with a #CallCenter with secure solutions to keep you and your customers' data safe: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#InformationSecurity #InfoSec
#DataSecurity #FraudDetection
Open Access BPO 3 days ago
Promote cultural competence in your multilingual team by injecting culture education in your workplace's communication approach, team building, time management, and holiday observance.

But why should you even do this? Here's why: https://buff.ly/3LwSOJl

----------
For your global customers, only trust in a multilingual industry expert: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#diversity #inclusion #CulturalDiversity
#CX #EmployeeManagement #DiversityManagement
Open Access BPO 4 days ago
It's clear that #ecommerce fraud is a growing concern, and the fact that many companies are at a loss at #fraud prevention is making this problem even worse.
What makes fraud detection and management difficult?

To deal with this, outsourcing companies also offer content-focused fraud protection services.

Read more: https://www.openaccessbpo.com/blog/growing-fraud-problem-plaguing-ecommerce/

----------
For secure outsourcing solutions that protect your data: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#InformationSecurity #InfoSec
#DataSecurity #FraudDetection
Open Access BPO 4 days ago
๐—ง๐—ต๐—ฒ ๐—–๐—”๐—Ÿ๐—  ๐—”๐—ก๐—— ๐—–๐—ข๐—Ÿ๐—Ÿ๐—˜๐—–๐—ง๐—˜๐—— ๐—–๐—จ๐—ฆ๐—ง๐—ข๐— ๐—˜๐—ฅ

Engagements with the Calm and Collected Customer may seem smooth, but they tend to keep their emotions in check.

As a result, it may be challenging to gauge their level of satisfaction or sense or if there are any underlying frustrations.

They may not readily express their concerns or needs, so actively engage in proactive questioning and attentive listening.

Ask open-ended questions to encourage them to share more about their needs and concerns.

Use their input to provide a personalized customer experience that aligns with their goals
Show that you understand their situation and are there to support them. Reassure them theyโ€™re in good hands with your brand.

.
.
.
.
.
Read more:
4 ๐‘ช๐’๐’Ž๐’Ž๐’–๐’๐’Š๐’„๐’‚๐’•๐’Š๐’๐’ ๐‘บ๐’•๐’š๐’๐’†๐’” ๐‘ป๐’š๐’‘๐’Š๐’„๐’‚๐’ ๐‘จ๐’Ž๐’๐’๐’ˆ ๐‘ช๐’–๐’”๐’•๐’๐’Ž๐’†๐’“๐’”
https://buff.ly/46mG93t

---------
Open Access BPO knows your customers and we understand their needs.
For proactive #CustomerSupport, contact us: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#CustomerSupport #CSat
#CustomerSatisfaction #CX
Open Access BPO 4 days ago
๐—˜๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐—ถ๐—ป๐˜๐—ฒ๐—ฟ๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—บ๐—ฎ๐˜๐˜๐—ฒ๐—ฟ๐˜€ ๐—ถ๐—ป #๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ฒ๐—ฟ๐—˜๐˜…๐—ฝ๐—ฒ๐—ฟ๐—ถ๐—ฒ๐—ป๐—ฐ๐—ฒ.
Brands must ensure their #CustomerSupport agents are elevating #CustomerSupport.

Here are 4 of the critical areas your #QA must focus on when evaluating your #CallCenter partner's performance:
https://buff.ly/3Znm7E1

โ€”โ€”โ€”โ€”โ€”
Ensure #CSAT with every customer interaction. Upgrade your #CX today: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#CustomerExperience
Open Access BPO 6 days ago
Companies can survive from an onslaught of business disasters, but once employees quit in droves, it can be difficult to recover.

๐—›๐—ฒ๐—ฟ๐—ฒ ๐—ฎ๐—ฟ๐—ฒ ๐˜๐—ต๐—ฒ ๐˜๐—ผ๐—ฝ ๐Ÿฑ ๐—ถ๐˜€๐˜€๐˜‚๐—ฒ๐˜€ ๐˜๐—ต๐—ฎ๐˜ ๐—ฐ๐—ฎ๐—ป ๐—ณ๐—ผ๐—ฟ๐—ฐ๐—ฒ #๐—–๐—ฎ๐—น๐—น๐—–๐—ฒ๐—ป๐˜๐—ฒ๐—ฟ ๐—ฎ๐—ด๐—ฒ๐—ป๐˜๐˜€ ๐˜๐—ผ ๐—พ๐˜‚๐—ถ๐˜ ๐—ณ๐—ผ๐—ฟ ๐—ด๐—ผ๐—ผ๐—ฑ: https://buff.ly/3RsiACi

----------
For flexible #outsourcing solutions to match your operational goals, schedules, and budgets: OpenAccessBPO.com/get-started

#WeSpeakYourLanguage
#EmployeeManagement
Open Access BPO