The appreciation of the US dollar against the Philippine peso is a blast of fresh air for the Philippine outsourcing industry. With most employees getting being paid in the local currency and the companiescollecting in US dollars, the ForEx decline had made the business a bit more profitable.
This means that companies can possibly lower their prices to maintain their existing clients and even gain new ones. The US market remains the largest target of the outsourcing companies that are based offshore and Obama’s inclination to provide incentives to those who provide jobs inside the US territory will probably be a hurdle for some companies. Overall, however, there will be no stopping the outsourcing of jobs. The return that it gives to the outsourcers is so tremendous that the only way to reverse this outsourcing trend is to physically ban it.
This means that companies can possibly lower their prices to maintain their existing clients and even gain new ones. The US market remains the largest target of the outsourcing companies that are based offshore and Obama’s inclination to provide incentives to those who provide jobs inside the US territory will probably be a hurdle for some companies. Overall, however, there will be no stopping the outsourcing of jobs. The return that it gives to the outsourcers is so tremendous that the only way to reverse this outsourcing trend is to physically ban it.
No comments:
Post a Comment