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What are advantages of using shared offices for BPO companies?
The story of the Philippine economy cannot be told in full without mentioning the significance of the business process outsourcing (BPO) industry. Earning the national economy some $27 billion in 2016, revenue from this very important sector is expected to increase further to $55 billion by 2020. It currently employs about 1 million Filipinos, and an additional force of 500,000 workers is expected to be hired over the next few years. It is one of the industries that consistently grew during the last decade. Clearly, BPO companies are dynamic engines of the country’s economy and it is quite safe to say that it will continue to be a major industry for a long time into the future.
Starting small during the early 1990s, the BPO industry expanded significantly during the early 2000s, growing to the colossal conglomerate of different sub-sectors that figure prominently in the economic scene nowadays—knowledge process outsourcing (KPO) and back offices, animation, software development, game development, engineering design, medical transcription, and call centers. These sub-sectors do not only represent the primary function of BPO companies, which provides third-party services to specific functions and operations of their clients’ businesses. They also help the Philippines to be on the forefront in the global digital and technology revolution.
The attraction of Filipinos to the BPO industry, and the desire of foreign companies to establish BPO firms here in the Philippines to take advantage of unique Filipino talents and skills will further increase if they are to learn that there is a new service that is tailor-made to provide the needs of the industry—a significant service that they can avail to minimize business costs and maximize profits. It comes in the form of shared offices.
What Benefits Can Shared Offices Provide BPOs?
Shared offices are spaces that can be rented out like conventional office spaces. However, there are many things that make the former more attractive than the latter. For instance, shared offices can be rented out for a flexible time period—from a few hours to a more long-term basis. Thus, the changing circumstances of your BPO business and its potential for greater growth shall not be limited by the usual expensive lease agreements that demand minimum periods of stay. The prospect of business transition, long a source of dread in this economy of ever-changing demands, has never looked easier to deal with.
BPOs Can Save Money
The friendlier rates of shared offices will leave you with more funds that you can use in the other needs of your business. The money for expensive rent or the even costlier prospect of building your own office can instead be used for expansion, for hiring additional staff, or for offering more services, or image-building and advertisement.
Shared offices also complement the work of BPO companies in such a way that they provide the most modern office essentials like computers, fax machines, telephones and printers. These come with the spaces being provided by shared offices. Imagine not having to build, or rent on a long-term, and buy expensive office equipment at the crucial early stage of your business, when you need all the money you can save. These awesome deals are offered by shared offices.
Shared Offices Suit Many Types of Business
And talking about spaces, shared offices offer many kinds—from a cubicle that is just perfect for the starting freelancer, to an office suite if you have already gained a secure foothold in the BPO world, or an entire floor if you already have a small BPO company of your own. Shared offices provide another primary BPO company need: high speed Internet connectivity and communication lines. Inside a shared office, you are secure because you know that linking with the world and being informed on the latest developments in an industry where information is power have never been more of a cinch.
Shared offices also provide an easy and pleasant work environment because of their dining and lounge areas that allow you to relax when necessary; their highly trained support staff that can act as your receptionists and maintenance personnel that make sure your working spaces are spic and span. They also offer you opportunity to expand your network because they host people from various fields. That next important partner or breakthrough can be only a few doors away.
With this array of great offerings, shared offices can truly support the fast lane of BPO life. They can also help you enhance your potential and show the world your success: Shared offices are located in prime business districts and near public transportations hubs, affording you much-needed boosts of prestige, image, credibility, respectability and mobility, all at the same time. Indeed, by all standards, shared offices are truly good for you if you are in the BPO industry.
Now, when you need shared offices, it has got to be Compass Offices. Headquartered in Hong Kong, its Philippine buildings are located in Tower 6789 in Makati and BGC Corporate Centre in Taguig, two of the country’s most dynamic business hubs. For reasonable prices, they offer great packages that will surely answer the needs of everyone who want to succeed in the BPO game—from great spaces to convenient locations, ensuring that your potential for success can become a reality.
This article was contributed by Compass Offices
Founded in 2009, Compass Offices has grown to 40 centers with a network of more than 10,000 workstations in close to 10 countries. Its clients come from various industries and countries. Through wide range of services from virtual offices to serviced offices, Compass Offices presents a customizable solution and conducive community that supports clients businesses.
Main image via Shutterstock
