Too many holidays raising BPO firms’ costs
More than the uncertainty of the upcoming elections and the weakening dollar, business process outsourcing industry players in the country are concerned about Malacañang’s penchant for long weekends as this affect their business costs.
Business Processing Association of the Philippines president and chief executive Oscar Sanez said the industry’s cost of doing business remained high, and this was exacerbated by the many holidays that required companies to pay their employees extra.
“It’s good that (Malacañang) gives us a list of the holidays in advance as this gives companies a chance to include these extras into their planning. It’s the unannounced holidays that we’re concerned about,” he said in an interview. (Inquirer.net)
Uh, BPO bigwigs… I think Arroyo’s planning to declare Halloween as a national holiday, too. Her grandchildren needs to go trick or treatin’, LOL!!!