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Outsourcing Virtual Assistant Services To The Philippines

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Education & Training with MyOutDesk

 
The Philippines is one of the top destinations that major corporations outsource their business needs too, allowing businesses to keep overhead down on expenses such as office space, equipment, internet connection, taxes, and even benefits.

Additionally, despite the lowered overhead costs, compensation is still significantly lower for outsource business — but still higher for remote staff than they would otherwise make with an average minimum wage is at about 400–500 php a day or $7–10 USD a day.

While there are several other countries that are well-known for offering virtual services such as Malaysia, South Africa, and India, it’s the Philippines that has been making headway in the outsourcing world. The Tholon’s Top 100 Executive Summary on the global outsourcing market in 2016 revealed that Manila sits in second place for the biggest outsourcing city in the world. Only Bangalore, India, has a larger outsourcing market.

 

4 Reasons To Outsource To The Philippines:

  1. The People and The Talent- Filipino people, are globally known to be loyal and hard-working. The deeply rooted spirit of being family oriented is a great benefit to you as an employer because you know that they work hard for their families’ well-being and will not let you down in the process. Since the Philippines was occupied by Spain for several hundred years and was liberated by America in the early 1900s the Filipino people are open to different cultures and are primarily influenced by western media and culture thus making it easy for them to understand lingo and cultural references, allowing them to adapt quickly to your Real Estate Business set-up.
  2. The Accent (or lack thereof)- The Philippines boasts a 95% literacy rate wherein the medium of instruction is mainly in English. Many companies outsource their BPO to the Philippines because accents of Filipinos are primarily neutral and can easily be understood by their customers. The Philippines is currently ranked #14 out of 88 countries in the world on the English proficiency index and is ranked number 2 in Asia as of 2018.
  3. The Education and Job Market- According to the Philippine National Statistics Office there are 42.5 million Filipinos in the labor force whose median age is 23 years old. The Labor force Participation Rate is at 60.6%. The Philippines has also been recorded to have a High English Proficiency rating of 60.59 and is #3 in Asia and #15 out of the top 80 countries. English is the medium of instruction in school and the official language of businesses.
  4. Lowered Cost and Liability- When you hire a Real Estate Virtual assistant, you get a deduction from the taxable income of 50% of labor expenses and consigned equipment. You get a tax deduction of 50% equivalent to training fees. All legal risks are transferred to the outsourcing provider. As mentioned earlier, you save on overhead costs as well. A Virtual assistant will be working from their home, so you don’t need to provide office space; they have their own equipment and internet connection. If you sign-up with a company like MyOutDesk, we even handle all benefits and HR concerns for you!
     

 
Hiring a virtual assistant empowers you to delegate your non-revenue productive tasks and allows you to focus on what you need to do to work ON your business instead of in it. Remember, if you don’t have an assistant, you are the assistant.

Outsource your Virtual Assistant Services today! Visit us online at https://www.myoutdesk.com and schedule a Double My Business Strategy Session to identify the areas in your business you can outsource to a virtual assistant.

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