Bloomberg on Nostr: Strong Dollar, Higher US Wages Boost Philippine Call Centers ========== The ...
Strong Dollar, Higher US Wages Boost Philippine Call Centers
==========
The Philippine call center industry is experiencing growth due to a strong US dollar and rising American wages. The industry is projected to become the nation's top foreign exchange earner by 2026. The Philippine peso has weakened nearly 4% this year, making the country a cost-effective destination for business process outsourcing. The industry aims to add 1 million jobs by 2028. Key challenges for the sector include AI, talent shortage, and cyber threats.
#PhilippineCallCenters #UsDollar #AmericanWages #ForeignExchange #BusinessProcessOutsourcing
https://www.bloomberg.com/news/articles/2024-05-03/strong-dollar-higher-us-wages-boost-philippine-call-centers
==========
The Philippine call center industry is experiencing growth due to a strong US dollar and rising American wages. The industry is projected to become the nation's top foreign exchange earner by 2026. The Philippine peso has weakened nearly 4% this year, making the country a cost-effective destination for business process outsourcing. The industry aims to add 1 million jobs by 2028. Key challenges for the sector include AI, talent shortage, and cyber threats.
#PhilippineCallCenters #UsDollar #AmericanWages #ForeignExchange #BusinessProcessOutsourcing
https://www.bloomberg.com/news/articles/2024-05-03/strong-dollar-higher-us-wages-boost-philippine-call-centers