Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

TaskUs PHL doubles in size to 20,000 employees over pandemic

by
August 17, 2022
in Investing News
0
TaskUs PHL doubles in size to 20,000 employees over pandemic
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter
TASKUS.COM

Business service providers like TaskUs, Inc., benefitted from the pandemic, said Jaspar Weir, co-founder and president the Texas-headquartered outsourcing and offshoring consulting company. Its Philippine workforce, spread over 10 sites, has doubled since coronavirus disease 2019 (COVID-19) struck.  

“When people get comfortable working at home, it no longer matters if somebody works in the office next to you or … anywhere in the world. Outsourcing in general wins,” he said, adding that clients have expanded their outsourcing requirements in low-cost destinations like the Philippines. 

The Philippines is “the premier place” for services like English support, content moderation, and data operations, he added. 

At a roundtable discussion on Aug. 15, Kris G. Mandap, vice president of operations of TaskUs Ortigas-Phoenix, said that there are close to 20,000 employees in the country, more than double the workforce prior to the pandemic.

“We are able to provide livelihood for a lot of people,” he said. 

Fueling that growth are the company’s learning experience services, as well as its risk and response solutions that focus on fraud, risk, and compliance.  

Providing e-Learning systems and development programs was born out of a client request that TaskUs take over its in-house training after they observed that the outsourcing company was “doing a good job training its people.”  

“We commercialized that offering. We’re always looking at new services that clients ask for,” Mr. Weir said, adding that this also provides advancement opportunities for TaskUs employees. 

Dean Van Ormer, TaskUs’ senior vice president and head of the Southeast Asia region, said that employees stay with the organization because they have multiple ways to move up. 

“We have a whole academy designed so — if they want to move up through first-, second-, third-level management — this is all at their disposal,” he said. “If they want to invest the time to do it, we invest the resources to educate them.”  

The key differentiator for TaskUs, he added, has been realizing that “creating jobs that people love going to … is a good business model.”  

TaskUs’ first office was located above a vulcanizing shop alongside Aguinaldo Highway, Cavite. Conceived in 2008 as a virtual personal assistant company, Mr. Weir and co-founder and Chief Executive Officer Bryce Maddock eventually decided to develop TaskUs into a business servicing high-growth startups.  

“We realized that if we can attract the best people, then those people can deliver the best work for our clients,” Mr. Weir said. “As long as we keep investing in that employee lifecycle, it pays back.”  

TaskUs (Nasdaq: TASK) reported on Aug. 8 second quarter total revenues of $246.5 million, representing 36.9% of year-on-year growth. In the same period, the company generated 51% of its revenues in the Philippines. — Patricia B. Mirasol

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
Current Challenges & Future Aspects of Autonomous Bus Industry

Current Challenges & Future Aspects of Autonomous Bus Industry

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

PHL lags ASEAN in solar, wind energy generation — think tank

PHL lags ASEAN in solar, wind energy generation — think tank

July 6, 2022
Fuel tax cut in UK among lowest in Europe, RAC says

Fuel tax cut in UK among lowest in Europe, RAC says

August 1, 2022
Shinzo Abe sought to reinvigorate Japan with bold economic policies, strong armed forces

Shinzo Abe sought to reinvigorate Japan with bold economic policies, strong armed forces

July 8, 2022
Apple drops mask requirements for most of its corporate workers

Apple drops mask requirements for most of its corporate workers

August 2, 2022
A balanced view of the Marcos Jr. SONA

A balanced view of the Marcos Jr. SONA

July 31, 2022
Cineworld share price plunges over 50 per cent amid bankruptcy reports

Cineworld share price plunges over 50 per cent amid bankruptcy reports

August 19, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.