When it comes to outsourcing, there are a lot of factors to consider. You want to find a country that has skilled workers, is cost-effective, and has good English-language skills. You also want to make sure that the country you choose has a good reputation for business and is politically stable. With all of these factors in mind, here are the top four countries for outsourcing:
India
India is one of the most popular countries for outsourcing. It has a large pool of skilled workers, and English is one of the official languages of the country. India is also very cost-effective, which is a major advantage for businesses looking to outsource. Additionally, India has a good reputation for business, and it is considered to be politically stable. It is also very cost-effective, making it a good option for businesses looking to outsource. If you are in the tech industry, India should be at the top of your list; it produces over 2.6 million STEM graduates each year, and it’s popular for software development, engineering, and business process outsourcing.
One of the benefits of outsourcing to India is that there are many opportunities for learning and upskilling. In India, there is a strong emphasis on education, and workers are willing to learn new skills in order to stay competitive in the workforce. There are also many training programs available in India, which means that workers have access to quality training and development opportunities.
Overall, India is a great destination for outsourcing due to its skilled workforce, cost-effectiveness, and opportunities for learning and upskilling. If you’re looking to outsource your business operations, India should be at the top of your list.
Philippines
The Philippines is another popular country for outsourcing. Like India, it has many skilled workers and English is one of the official languages of the country. The Philippines is a popular country for outsourcing because of its English fluency. According to the English Proficiency Index created by the European Fellowship, the Philippines ranked 18th out of 100 countries in 2021. This is why it has held the title of BPO capital of the world for more than a decade.
The Philippines is also less expensive than many other countries. The average salary in the Philippines is $5333.92 annually, or $445 per month, which is significantly lower than the average salary in other countries. Additionally, the cost of living in the Philippines is relatively low, which makes it a more affordable destination for outsourcing.
The country ranks as the 95th easiest place to do business, according to the World Bank’s Doing Business Report 2020. Unfortunately, the Philippines also ranks 117th in the world for corruption perception, according to the 2021 Corruption Perceptions Index from Transparency International.
The Philippines has a strong emphasis on education, to the point that even entry-level jobs require a bachelor’s degree. Many jobs even require professionals to have a master’s degree in their field. This makes the Philippines a great destination for outsourcing your business operations, as you can be confident that your workers will have access to training.
Overall, the Philippines is a great country for outsourcing because of its skilled workforce, English fluency, and affordability.
Malaysia
Malaysia is a great country for outsourcing because of its skilled workforce and English fluency. According to the 2021 English Proficiency Index, Malaysia ranked 28th out of 100 countries in 2021. This makes it a great destination for businesses looking to outsource their operations. Additionally, the cost of living in Malaysia is relatively low, which is another advantage for businesses looking to outsource. An individual only needs to spend $425 monthly there (without the rent) to survive, which is a huge difference from New York’s $1,416.
Not only is Malaysia a great country for outsourcing, but it is also a great place to do business. In fact, Malaysia ranks 12th in the world for doing business, according to the World Bank’s Doing Business Report 2020.
Canada
Canada is often thought of as an expensive country, but it can actually be quite cost-effective when it comes to outsourcing. The average salary in Canada is $54,630 annually or $4,552 monthly. This seems more expensive than other countries on this list, this is offset by the cost of living and other benefits.
Additionally, the cost of living in Canada is relatively low when compared to other developed countries. For example, an individual only needs to spend $876 monthly (without the rent) to survive in Toronto.
Canada shares a time zone with major US cities and countries in South and North America. This makes it easier for businesses to communicate with workers. They also speak English fluently since it is their native language. They also have a very strong STEM industry, with more than 120,000 STEM graduates yearly and home-grown tech firms like Telus and Slack making waves in their respective industries.
Additionally, Canada is a stable country with a strong economy, with a percentile rank of 80.2% on the World Bank’s Political Stability and Absence of Violence/Terrorism rankings.
Final Thoughts
The top four countries for outsourcing based on the previously given information are India, the Philippines, Malaysia, and Canada. Each of these countries has its own unique advantages that make them great destinations for businesses looking to outsource their operations.
Wherever you choose to outsource, you should make sure to evaluate each country’s pros and cons and see how they fit into your set of needs and wants. That way, you can make the most out of your expenses and still get quality services.
