News » US wage hike could drive outsourcing growth in PH

US wage hike could drive outsourcing growth in PH

The rising minimum wage in the United States could further buoy the growth of the outsourcing industry in the Philippines, as more US firms are likely to outsource some jobs to cut costs. This is according to the analysis of global commercial real estate services firm Colliers International.

In an article, Colliers said US companies looking to reduce their operational costs find the Philippines an ideal outsourcing destination due to the country’s wide talent pool, lower wages, and cheaper operational costs.

Colliers said the minimum wage increase in the US will result in companies outsourcing more work to the Philippines. Effective January 1, 2020, the minimum wages across 24 states and 48 cities in the US were increased by up to 20% per hour.

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.