BPO jobs to hit 1m
THE Trade Department expects total employment in the business process outsourcing sector to reach one million jobs by mid-2014.
“We are definitely on target. We see continued strong growth of 15 to 20 percent yearly. The 1.5 million [jobs] target in 2016 might be a bit stretched, but I see that it is achievable,” Trade Secretary Gregory Domingo told reporters in an interview.
Domingo said there was a long list of companies that still wanted to access the Philippines for their BPO requirements.
Employment in the BPO sector reached 750,000 jobs in 2012, and this is expected to rise to 920,000 by end-2013.
The Export Development Council said the Philippines continued to be an attractive location for business outsourcing as more companies identified the country as an ideal site for their BPO needs.
The number of BPO employees in Cebu alone is expected to reach 100,000 in 2013, up from the current 90,000. Reports showed that five more companies planned to set up business in Cebu in 2013, adding to 17 information technology firms that opened in 2012.
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