These Are The Biggest Players in the Philippine Business Process Outsourcing Industry
The Business Process Outsourcing Industry (BPO) has been a major economic driver of the country. It is the second largest source of dollar income for the Philippine economy next to overseas Filipino worker (OFW) remittances. In 2016, the industry provided the Philippines with 1.3 million jobs and 25 billion U.S. dollars in revenue.
The prospects for the BPO industry’s growth is bright. The Central Bank of the Philippines says that ‘if the current growth rates [national economic growth rates] continue, the IT-BPM industry will overtake Overseas Filipino Worker (OFW) remittances in 2017 [this year].
Top BPO Firms in the Philippines in Terms of Revenue
Every year, the Philippine Securities and Exchange Commission (SEC) and the Business World publish the Top 1000 Philippine Corporations. It is a list of the top Philippine corporations of the previous year in terms of revenue. The list is usually published around November each year.
We still don’t have a copy of the 2016 Edition which lists the top players for 2015, but we do have the 2015 Edition listing the top players of 2014.
Filtering the list, here are the Top 10 BPO players in the Philippines in 2015 based on gross revenue data from 2014:
1. Accenture (P 38,088 million)
Accenture is one of the pillars of the Philippine BPO industry. It is one of the largest I.T. firms in the country today. It has consistently topped the list of the Top BPO Firms in the Philippines in terms of revenue. In 2014, Accenture’s gross revenue was P38.088 billion.
Also, Accenture consistently makes to Fortune’s World’s Most Admired Companies. It’s been on the list for 15 consecutive years!
Accenture offers a wealth of opportunities for young professionals. It also offers a wide range of services such as consulting, strategy, digital, tech, and operations.
Accenture offers above-industry salary rates, a comprehensive health care program, and other standard government-mandated benefits. Accenture is also known for providing excellent working conditions, so rest assured that you are in good hands.
2. Convergys Philippines Services Corporation (P 22,942 million)
Convergys opened its first call center in the Philippines back in 2004. Today it has over 30 offices across the country. In 2014, Convergys earned a total revenue of P22.942 billion.
Today Convergys is considered as one of the most prominent BPO firms in the Philippines, serving top-notch firms around the globe. Convergys is a popular brand among young professionals.
If you are interested in working with Convergys, it offers offers above-industry compensation, standard healthcare benefits, career development, and other government-mandated benefits.
3. JPMorgan Chase Bank N.A–Philippine Global Service Center (P12,659 million)
JPMorgan Chase & Co. began doing business in the Philippines in 1961 when it established its first ever representative office in the country. Today it has expanded its service offerings and launched its Global Service Center (GSC) in Manila in 2005. The Global Service Center provides strategic support to the banking community, the corporate and investment bank business segments, and other consumers.
If you wish to work with JPMorgan Chase & Co., you will surely get above-industry salary rates and standard benefits. The company also offers incentive payments, life insurance, health benefits even for dependents, and a retirement plan.
Other BPO Firms on the List
- Sutherland Global Services Philippines Inc. (P9,271 million)
- Teleperformance (P10,419 million)
- TeleTech Offshore Investments B.V. (P6,891 million)
- IBM Business Services Inc. (P6,835 million)
- Sitel Philippines Corp. (P6,643 million)
- TeleTech Customer Care Management Philippines, Inc. (P5,900 million)
- Telus International Philippines, Inc. (P5,689 million)
The Philippine BPO industry is a vibrant and growing industry. With robust government support and organizational direction, the industry targets increased global market share and industry revenue comes 2022 (The Philippine IT-BPM Roadmap 2022).
If you are a young professional exploring career opportunities in the industry, do try to check the top BPO firms listed above. It pays to work for the best and the biggest.
Need help looking for the right career opportunity for you? Do contact Curran Daly and Associates today!
Business World Research (2017). Top 1000 roll bares changing fortunes | Business World Research. [online] Available at: http://research.bworldonline.com/top1000/story.php?id=956&title=%3Ci%3ETop-1000%3C/i%3E-roll-bares-changing-fortunes [Accessed 28 April 2017].
Business World Online (2017). 2017 growth seen at 8-10% as Duterte hits stride — UA&P . [online] Available at: http://www.bworldonline.com/content.php?section=Economy&title=2017-growth-seen-at-8-10%-as-duterte-hits-stride—-ua&p&id=136754 [Accessed 29 April 2017].
Fortune. (2017). The World’s Most Admired Companies for 2017. [online] Available at: http://fortune.com/worlds-most-admired-companies/list [Accessed 2 May 2017].