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	<title>Accounting Jobs &#187; BPO</title>
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		<title>Australia BPO market ripe for picking</title>
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		<pubDate>Fri, 29 Feb 2008 01:45:21 +0000</pubDate>
		<dc:creator>Philippine Accounting Jobs</dc:creator>
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		<category><![CDATA[Business Process Outsourcing]]></category>

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		<description><![CDATA[MANILA, Philippines&#8211;The Australian market for business process outsourcing (BPO) operations is ripe for picking, industry experts said Wednesday.
Citing a study by the consulting group IDC published in late 2007, the Business Process Association of the Philippines (BPAP) said the BPO business opportunity in Australia could grow from $2.4 billion in 2006 to $3.8 billion in [...]]]></description>
			<content:encoded><![CDATA[<p>MANILA, Philippines&#8211;The Australian market for <a href="http://ssandassociates.com">business process outsourcing</a> (<a href="http://ssandassociates.com">BPO</a>) operations is ripe for picking, industry experts said Wednesday.</p>
<p>Citing a study by the consulting group IDC published in late 2007, the Business Process Association of the Philippines (BPAP) said the <a href="http://ssandassociates.com">BPO </a>business opportunity in Australia could grow from $2.4 billion in 2006 to $3.8 billion in 2010.</p>
<p>The study released, by IDC for the <a href="http://ssandassociates.com">BPO firm</a> Accenture, predicted increased outsourcing in human resources and training, finance and accounting, procurement and customer care.</p>
<p>Among the key sectors, the human resource services market in Australia is estimated to grow at a compounded annual growth rate (CAGR) of nine percent to $1.591 billion by 2010. Finance and administration outsourcing will grow at a CAGR of 12 percent to $2.47 billion, customer care segment at 15 percent to $833 million, and procurement outsourcing at a CAGR of 18 percent to $354 million.</p>
<p>“But we cannot serve the demand if the talent is not there, so we need to improve education and training programs to provide a steady supply of talent pool, which is the main area of concern,” BPAP talent development director Jamea Garcia said at a conference of <a href="http://ssandassociates.com">BPO</a> stakeholders and experts.</p>
<p>She said programs by such companies as the Netopia chain of Internet cafés, which recently partnered with Australian e-learning company Drake Training Systems Ltd. to offer the Englishlink training program for call center applicants, will help boost the labor pool.</p>
<p>“English training is very important and we are happy to have partnered with a company like Englishlink to help address the supply issue. We hope there will be more like this,” said George Tan, president of Netopia operator Digital Paradise Inc.</p>
<p>Source: <a href="http://business.inquirer.net/money/breakingnews/view_article.php?article_id=132339">Riza T. Olchondra; with editing by INQUIRER.net</a></p>
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