The firm added that more companies are looking for greener and newer buildings to move into. In other news, commercial real estate firm KMC Savills said that Makati and Ortigas would see an oversupply of office spaces if BPOs continue moving to provinces. To help address the problem, the firm helps local women develop their online skills and trains them in data annotation to provide socially-responsible outsourcing to global AI companies.
Connected Women Co-founder & CEO Gina Romero said that at least five million women are out of the workforce due to family commitments. Outsourcing company Connected Women shared its secrets for creating an inclusive tech workplace during the Payoneer WOMENtrepreneurs Meetup. National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan added that the government needs to generate more high-quality jobs to retain the improving employment rate. PSA Undersecretary Claire Dennis Mapa said the country’s job market is back to pre-pandemic levels. The latest data from the Philippine Statistics Authority (PSA) revealed that 4.09 million new employees were added in January, resulting in an overall count of 47.35 million. This could bring the Philippines US$35.9 billion in revenues and 1.7 million full-time outsourcing employees by year-end.ĭespite global fears of recession, the Philippine labor market remains strong, with the country’s employment rate increased to a recent high of 95.2% for January 2023. According to the IT and Business Process Association of the Philippines (IBPAP), organizations will continue to outsource and use global business services to drive some cost optimization initiatives. The global economic slowdown and cost-cutting measures of foreign companies could boost the Philippine Business Process Outsourcing (BPO) industry this year.
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