Cultural Compatibility
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English is the primary language of business
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Schools teach in English based upon the U.S. education system, including American-style diction and pronunciation of the English language
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Cultural affinity with Western markets and customs
Low Costs
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The Philippines is one of the lowest labor-cost providers, with total labor costs at a small percentage of the cost of equivalent jobs in the U.S.
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Overall, offshore teams should operate at about 50% of onshore costs
Highly Skilled and Available Workforce
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High literacy rate (95.9%) and widely available higher education
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Reputable universities providing large numbers of candidates entering the workforce every year
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Growth of local opportunities through outsourcing leading to increasing numbers of skilled workers staying in the Philippines
Economic Growth and Stability
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Stable government for more than a decade
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Government support through establishment of outsourcing hubs, IT parks and economic zones throughout the country
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Competitive economic incentives through the Philippine Economic Zone Authority (PEZA)
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Legal system with firm contract law and intellectual property protection similar to the U.S.
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Accounting systems that were modeled after general accounting procedures used in the U.S.