MANILA, Philippines - The business process outsourcing (BPO) locators at Eastwood City Cyberpark – the country’s first information technology (IT) park – paid out a whopping P12.512 billion in salaries and wages to employees last year.
The total payout for 2012 is a significant 20 percent increase from the P10.42 billion in salaries the previous year, according to data from the Philippine Economic Zone Authority (PEZA).
With an average of close to 30,000 employees among registered IT and BPO companies for the year, IT professionals at Eastwood City Cyberpark took home an average monthly salary of P35,000. This is roughly triple the National Capital Region’s minimum monthly wage.
“Eastwood City Cyberpark is not just a great and fun place to work. It is where Filipinos have launched and built careers within the BPO industry over the past decade. With such strong payouts for 2012, it is encouraging to note that this ultimately benefits tens of thousands of Filipino families,†said Jericho Go, first vice president for business develoment of the cyberpark’s owner/developer Megaworld Corp.
And it is not just the employees that are doing and earning well. BPO locators are in a healthy financial position also, as Eastwood City Cyberpark registered $607.7 million in export revenues for 2012, a huge 25 percent boost from the $486.29 million exports in 2011. This meant Eastwood City Cyberpark is the No.1 IT park nationwide, as the industry registered $6.029 billion in exports.
Roughly a tenth of the country’s BPO export revenues emanate from Eastwood City Cyberpark, and it is “something we should be definitely proud of. Starting from Eastwood City, the local BPO industry has created hundreds of thousands of jobs for our countrymen nationwide,†added Go.
Eastwood City Cyberpark counts prominent multinationals Citibank, IBM, Siemens, Dell and Accenture among its prestigious list of locators that provide outstanding career opportunities to Filipinos.
BPO firms can join the country’s premier IT enclave, Eastwood City Cyberpark, by calling 912-0708 or checking out www.megaworldcorp.com.