The
early adopters initially earmarked Bosnia & Herzegovina for its ITO, with a
healthy number of solely exported-oriented companies and daughter operations of
North American and European counterparts establishing themselves. Soon after,
customer management and other horizontal BPO positions became part of a
continuing second-wave of growth buoyed by widespread conversational German and
English skills, strong socio-cultural affinities, and the significant proportion
of unemployed college and university graduates. The strong multilingual
capabilities and transferable skills of the population have already been
leveraged by several larger players (CCC, DDC, Teleperformance, Trizma) and a
healthy number of small and medium-sized providers.
BPO AT-A-GLANCE
- 65+ specialist BPO/KPO providers (est.
2018)
- 2,750+ employed (est. 2018)
HIRING SPEED
- 3 MONTHS to fill 50+ customer management
or IT helpdesk positions
INDUSTRY POTENTIAL
- Now: horizontal functions (e.g. CM,
F&A, HR) and a small number of BPO sub-sets (e.g. ITO, LPO)
- Within 2 years: ‘Work-at-home’ CM and
limited industry-specific knowledge service verticals (e.g. architecture
and engineering services, design and digital marketing, etc)
- Vast potential to develop strategic
“supplier partnerships” with established local service sector companies,
using leased associate or sub-contracting.
HUMAN CAPITAL
AT-A-GLANCE
The
most valuable resource Bosnia & Herzegovina has is its people. With high
tertiary enrolment rates, the country is fortunate to possess great depth in
its human capital, providing an optimal environment for BPO vendors looking to
hire, retain, and replace career-oriented professionals.
Very
high youth unemployment rate (45.8%), including among university graduates with
technical and business degrees; an average gap between education and first
employment of around 8 months; 125,000+ seeking first-time employment High
social proximity where youth share strong European values and emotional
closeness to customer markets; significant minority of diaspora returnees Deep
pools of un- and under-employed talent educated in business, finance and
accountancy, law, marketing and technical professions such as architecture,
design, and engineering.