The Philippines is on target to grow its outsourcing revenues to $13 billion, and provide jobs for 650,000, by the end of 2010. So, what exactly are the advantages of outsourcing to the Philippines that have made it a first choice outsourcing solution for businesses across the globe?

- Language

First and foremost is the ability to speak English well and have no foreign sounding accent. To most businesses, this is the greatest advantage when outsourcing to the Philippines. Its success has been so stellar that industry players estimate India has lost around 100,000 call center jobs to the Philippines due to its “high-quality voice skills” and status as the third-largest English-speaking nation in the world.

- High Levels of Literacy and Education

The Philippine government recognizes the importance of education and this is evident in the high 92% literacy rate (per CIA figures). The Philippines produces about half a million college graduates every year. This means that there is a significant pool of highly educated and talented professionals available to choose from.

- Available Skills Match Industry Needs

About 25% of Filipino graduates are qualified for business-related jobs such as finance and marketing. And, many of these professionals are eligible in customer-related functions. This precisely matches the needs of many U.S. businesses.

- Lower Costs

Outsourcing to the Philippines can save a business up to 40% in operational expenses. This is a huge amount for small and medium-sized companies and for start-ups. Think about it – the minimum wage rate in the U.S. is about $8 per hour; in the Philippines it is $8 per day!

- Good Work Attitudes

Countries in the Middle East and in Europe give high preference to Filipino workers because they are honest, well disciplined, and hard working. Many countries hiring delegations to the Philippines on a regular basis to recruit workers for their local businesses. This shows that Filipinos are not only hard-working, but that they are trustworthy and can also be relied on to produce results in the business.

Learn more about outsourcing to the Philippines at http://squidoo.com/outsourcing-outsource