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The Influence of Peso Value on Philippines BPO Industry

BPO (Business Process Outsourcing) industry is a growing industry since then. It has a record of 46 % growth since 2006. BPO offers many job opportunities to the Filipino people and contributes in economy growth.

How Philippines money value has an effect on the BPO industry? Experts says that besides of being good of the workforce,  the Peso value and wage rates are some of the factors affecting the investors in making this kind of business in the country. Low salary rate will lessen their operational expense moreover; the money rate is a much big factor with this.BPO industry

The rate is between the ranges of 45.00 to 48:00 Pesos when you convert it to $1.00. Just imagine the amount difference. That is why operating a business in our country is much cheaper than in US or Canada. 1 dollar is worthier here in our country and  in every way business operations needs much money for various operational expenses such as the renting or buying of space for your office locations, office supplies and equipments, telephone lines, business permits and licensure and many more. Those things needed to spend or buy in the country and they will be using Peso value when they acquire those requirements.

Some economists says that stronger peso value can effect the BPO industry for investors will be having second thought having a business here in our country if the Philippine money value appreciated versus the dollar regardless of having good worker in the field. The tendency is to go for the country with much low money value.

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