July 1, 2016
1 in 7 Philippine businesses engaged in outsourcing
Data released by the Philippine Statistics Authority (PSA) showed that one in every seven business establishments in the Philippines has engaged in off-site outsourcing as of 30 June 2014. According to the PSA report, 4,978 firms, or 14.1% of the total 35,214 establishments with at least 20 workers engaged in subcontracting or contracting out a business process. Among industry groups, agriculture, forestry and fishing were mostly engaged in outsourcing or off-site contracting or subcontracting. Operations in administrative and support service activities followed. By employment size, off-site contracting or subcontracting was most prevalent among firms with 20-99 workers. Activities related to finance or accounting were the mostly widely practiced outsourcing activities.