Hybrid work arrangements and the global demand for outsourcing are driving growth for BPOs in the Philippines.
Cebu and Davao will continue to be popular information technology-business process management hubs, while Iloilo, Clark in Pampanga, and Santa Rosa City in Laguna will be added to the mix.IBPAP said the BPO sector was able to beat its targets in 2022. The number of full-time employees grew 8.4% or by 121,000 in 2022, bringing the industry’s total headcount to 1.57 million.
According to Leechiu Property Consultants , IT-BPM accounted for 466,000 square meters of office real estate take-up, which is 48% of the total demand for office space nationwide. This represents an 81% growth from the 257,000 sqm that BPOs took up in 2021. LPC further noted that there were significant expansions outside Metro Manila, particularly in Cebu, Davao, Bacolod City, Pampanga, and Laguna. Over 70,000 new jobs were created in these areas, representing a 17% increase from the previous year. By the end of 2022, 31% of the sector’s total headcount or 486,000 workers were in the countryside.
“We’re working on Roadmap 2028 with purpose and momentum. That’s the only way that we can hope to achieve our goal of building the industry to a 2.5-million-strong workforce and generating $59 billion in revenues for the country,” said Jack Madrid, IBPAP president and chief executive officer. “We still have a long way to go, but Philippine IT-BPM’s stellar performance in 2022 brings us closer to generating 1.1 million new jobs for Filipinos. It’s also a testament to the collective efforts that the private sector, government, and academe have exerted to retain the industry as an indispensable pillar of the economy.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines retains its rank in Global Intellectual Property list - BusinessWorld OnlineThe Philippines ranked 37th out of 55 economies in the 11th edition of the International Intellectual Property (IP) Index by by the US Chamber of Commerce’s Global Innovation Policy Center. With an overall index score of 41.58% out of possible 100%, the country placed 9th among 15 Asia economies.
Read more »
Three-year wait worth it for Filipino beauty queenMANILA, Philippines — When Michelle Vitug Encarnacion captured the Elite Mrs. Philippines International title toward the end of 2019, she was already gearing for her global competition scheduled
Read more »
House body OK’s Cha-cha through hybrid con-con - BusinessWorld OnlineA HOUSE of Representatives body on Monday passed a measure detailing the procedures for Charter change (Cha-cha) through a hybrid constitutional convention (con-con). Under a substitute bill approved by the committee on constitutional amendments, convention members who will propose changes to the 1987 Constitution will both be elected and appointed and will be paid P10,000 […]
Read more »
House panel approves ‘hybrid’ Con-con proposal to amend 1987 Constitution | Jovee Marie de la CruzThe House Committee on Constitutional Amendments on Monday approved a bill accompanying the Resolution of Both Houses (RBH) No. 6, calling for a Constitutional Convention (Con-con) to propose amendments to the 1987 Constitution. This unnumbered bill, if passed, will be the enabling law implementing RBH No. 6. The bill was…
Read more »
Lawmakers OK hybrid Con-con for Charter editVoting 17-2 with zero abstention, the House of Representatives committee on constitutional amendments on Monday approved a committee report that
Read more »
3 weather systems to bring rains across Philippines —PAGASAThree weather systems will trigger rains in Metro Manila and the rest of the country, state weather bureau PAGASA reported on Monday.
Read more »