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places/travel The Top Ten Countries for Outsourcing Business  

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List Rules Business, Outsourcing, Global Business

There is a lot of research and analysis that goes into outsourcing business. For example, a company located in country A might consider country B because they have a great people score. A people score is measured by the nation’s people skills which would include language diversity, educational skills, and even the size of their information technology industry. Another very important part of doing business internationally is the political environment. Does the economic/political environment appear strong and under control? How is the infrastructure? Is the culture exposure high? These are a few considerations when determining whether or not a country can handle the type of business you give them. Lastly, and most importantly, how financially attractive is the country? Are compensation and infrastructure costs low and is there growth potential? All of these questions are essential to discovering whether or not it is worth doing business abroad. Here are the top ten countries to outsource business:
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Brazil is listed (or ranked) 5 on the list The Top Ten Countries for Outsourcing Business
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Brazil


Brazil is a very balanced country when it comes to outsourcing considerations. Their financial attractiveness, political/economic environment, and people skills are quite even. The company caught its first big break after reaching a 75 percent increase in outsourcing revenue in 2008. This placed the country atop the best locations around the globe. With a strong economic footprint, combined with the largest domestic IT consumption in Latin America, Brazil is revered as one of the hottest countries in the business world. 

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Indonesia is listed (or ranked) 6 on the list The Top Ten Countries for Outsourcing Business
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6

Indonesia


Indonesia is a country that is nearing the IT leaderboard. The country has decided to move away from its dependence on exports, which made up a large portion of their outsourced business. Indonesia is now restructuring its strategy toward economic growth. Their main proponent is the IT segment, which include SI, training, support, internet, and global professional services. For businesses that are looking to join the IT segment, Indonesia should be your first consideration. 

Bulgaria is listed (or ranked) 7 on the list The Top Ten Countries for Outsourcing Business
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At this point, you might have noticed that the list has a strong trend toward Asian countries. Bulgaria is making Eastern Europe proud through its fundamental strategy, “nearshoring”. This country offers less expensive labor and services toward neighboring countries, which include the United States and Western Europe.  This tactic has helped the country climb the ranks and reach the top ten among outsourcing countries. Through an attractive and stable macroeconomic and political environment, the country has been able to provide competitive pricing and a high-quality workforce. 

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Philippines is listed (or ranked) 8 on the list The Top Ten Countries for Outsourcing Business
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With a growth rate of 46%, the Philippines have become a strong competitor among the outsourcing industry. This growth rate has been maintained due to this country’s low labor costs, highly skilled workforce, and language diversity. Call centers have begun showing up and provide businesses email response and management services.  80% of this service is administered to the US, which has given the countries BPO services a huge boost. Quality, Cost-effectiveness, and reliability is the best way to sum up this countries provisions. 

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