Offshore outsourcing in the Philippines has been a recent trend and it is estimated that for every six jobs outsourced, only one job is actually created locally. This means that outsourcing companies utilize mostly foreign labour to complete their work, making offshore outsourcing better named as 'offshoring'.
The offshore outsourcing industry in the Philippines began in 2005 with its first major contract signing between Australian firm Navitas, India's Tata Consultancy Services (TCS) and Virtual I Technologies, Inc. of the Philippines. The deal called for Virtual I to provide application development services for Navitas operations in Australia, New Zealand, Hong Kong and China — all areas of high demand for IT professionals.
In this article, we’re going to talk about offshore outsourcing and why Offshore Outsourcing to the Philippines is the best decision for businesses.
But first, let’s talk about offshore outsourcing.