US companies such as American International Group Inc. (AIG) in New York and Capital One Financial Corp. in Virginia are expected to start back office operations in the Philippines, creating more job opportunities for Filipinos.
US Companies to Start Outsourcing Back Office in PH
According to Pasig City Representative Roman Romulo, the arrival of these companies is a great opportunity for Filipinos who are currently looking for jobs. Moreover, he said it will contribute to the growth of the business process management (BPM) industry of the country as Western businesses prefer the Philippines because of its ability to drive innovation and highly creative workforce.
Romulo is the main supporter of the BPM industry and is the House higher and technical education committee chairman. He also co-authored the Data Privacy Act which aims to ensure the security and confidentiality of personal details of clients.