by: Sarah Joson
Monday, December 08, 2014 | Outsourcing News |
Liberal Party Rep. Roman Romulo of Pasig City, who is likewise the Chairman of the House Committee on Higher and Technical Education, recently said 45 of the Philippines’ largest business process outsourcing (BPO) firms are set to produce over 248,000 new jobs in the next two years. He pointed out that IT-BPO sector is one of the largest employers in the country, and organizations are helping fresh college graduates and unemployed young professionals to find job opportunities.
Romulo also stated that the combined revenues of the top 45 BPO companies operating in the country amount to P250 billion ($5.9 billion) in 2013. Individually, the revenues of the companies included in the list start from P1.963 billion to P32.429 billion:
Romulo also authored the Data Privacy Act of 2012 which aims to protect the confidentiality of personal information collected from clients according to international privacy standards in hopes of encouraging global firms to expand and establish operations in Manila.
The IT-BPO sector directly employs 1.052 million Filipinos. The popular segments under the sector are contact center services, back office services such as medical, legal and data transcription, as well as animation, software development, engineering design, and digital content.
According to the IT and Business Processing Association of the Philippines (IBPAP) which has 229 member-companies, the sector will produce $27 billion in annual revenues and employ 1.3 million Filipinos by 2016.
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