IBPAP set revised targets for 2022

IBPAP set revised targets for 2022

The IT and Business Process Association of the Philippines (IBPAP) revised its targets for 2022, projecting the headcount growth at 2.7 per cent to 5 per cent, or around 1.37 million to 1.43 million full-time employees.

It’s also expecting its industry revenues to amount to $29.09 billion with a compound annual growth rate of 3.2 per cent to 5.5 per cent in the next two years.

IBPAP President and CEO Rey Untal said that while the Philippines was expecting flat growth in 2020, “the industry is still in a better position than other industries considering the detrimental impact of the pandemic to almost all sectors and industries.”

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