Outsourcing to the Philippines is valued at USD 245.9 billion in 2021 and is projected to expand at a compound annual growth rate of 9.1% from 2022 to 2030.
As an outsourcing company with 1,000 plus agents in the Philippines, BruntWork’s CEO is often asked the same question: “Why outsource to the Philippines and not some other country?”
How much does it cost to hire a virtual assistant in the Philippines?
The answer is often one built on cost savings. Filipino virtual assistants range from $4/hr – $8/hr USD and are happy to work your hours (whether that corresponds to their day, evening or night). You can hire excellent virtual assistants for $6 per hour (315 PHP) or highly skilled VAs with specialized skills for $8-10 per hour (400-600 PHP).
Aside from saving up to 70% on labor costs, clients love the Philippines for its business culture. The Philippines’ economy is built from its outsourcing industry, being uniquely well-suited to hiring offshore workers for English-speaking companies.
Benefits of hiring workers from the Philippines
- Workers with incredible fluent English
- 70% cheaper than hiring locally
- Workforce that is happy to work day, evening or night shift.
- High quality education
- A stable government (Bong Bong Marcos was recently elected, and the population seems quite calm about his presidency
- Fast internet
How do you hire someone from the Philippines?
If your business is registered in another country, the easiest way to hire a Filipino worker is through an outsourcing company like BruntWork. Companies like this make it easy to hire remote talent, comply with local labor laws, and pay your employees in pesos (the local currency).
Outsourcing redefined: “Remote Work Only”
Winston Ong, CEO of BruntWork reveals some interesting statistics from his “Truth About Remote Work” survey from 2022 (>500 respondents comprising virtual assistants, telesales agents, web developers and more). Overwhelmingly workers don’t want to go back to an office, and earn more working remotely. Almost 90% of workers stated that they never want to go back to an office. The commercial real estate market may never be the same.
Conclusion
While remote work is relatively new, the future is most likely going to be a hybrid model of employees splitting their time between home and an office. And labor globalization will become an emerging trend, with SMEs in western economies now openly considering outsourcing as a way to combat the predicted threat of a global recession over the coming 1-2 years.
