There's no doubt that increasingly after India, Philippines has become the favorite outsourcing hot spot for the best of American companies. In the previous fiscal Philippines has experienced 40-45% growth in outsourcing. At present more than 266,000 Filipinos are employed with the industry and going by the prediction of different research and management firms the numbers would healthily touch 800,000 by 2010. Why Philippines has become so dear to the American companies? Because the country shares a lot of cultural similarity with US, the cost is also comparatively less, and though I don't have any data sheet with me, its felt that attrition level is also comparatively lower than other countries.
Watch this video to know why Philippines' English-trained and college-educated workforce is increasingly attracting U.S. firms seeking new outsourcing outlets.
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