Status : Verified
| Personal Name | Molina, Florelixie F. |
|---|---|
| Resource Title | The socio-economic impacts of the information technology-business process management industry on the next wave cities : the case of Bacolod City |
| Date Issued | April 2014 |
| Abstract | "Launched in November 2007, the Next Wave Cities (NWCs) program was to promote alternative information technology and business process management (IT-BPM) locations in the country. Bacolod City has consistently been ranked among the top-ten NWCs since 2009. With this achievement, it would be beneficial to both the industry and the local government of Bacolod to document and assess the socioeconomic impact of the IT-BPM industry on the city and to identify significant factors of the rapid growth of the industry which is the objective of this study. It also provided more accurate information on the profile of the IT-BPM employees in the city and their contribution of Bacolod’s economy. As of June 2013, the IT-BPM industry in Bacolod had a total of 14,000 employees of which at least 59% were women. The non-migrant rate for Bacolod IT-BPM workers was 62%. The study results showed that the total revenues received by employees is estimated at ₱3.73 billion annually which translates to ₱3 billion expenditure yearly. With 62% of these employees living in Bacolod, it can be assumed that about ₱1.87 billion per year can be spent collectively by the IT-BPM workers within Bacolod. With the direct jobs, an additional 35,000 indirect jobs were also created with these workers in other industries earning the equivalent of ₱2,87 billion in salaries using non-agricultural salary rates. This figure also means that ₱2.3 billion is ploughed back into the local economy in the form of consumer spending. The multiple employment impact is probably the most significant effect of the establishment of IT-BPM firms in a locality. More employment leads to more income, wealth generation, and tax revenues for the city as well as for the national treasury, the latter gaining from income tax withheld on the employees’ salaries. This study showed that 23% of the respondents saved an average of 19% of their income. This translates into savings of about ₱110 million for the |
| Degree Course | M.A. Urban and Regional Planning |
| Language | English |
| Keyword | Information technology; City planning |
| Material Type | Thesis/Dissertation |
Preliminary Pages
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Category : F - Regular work, i.e., it has no patentable invention or creation, the author does not wish for personal publication, there is no confidential information.
Access Permission : Open Access