| Topic Name: |
Low Financial Services Demand |
| Message Name: |
You seem to know your stuff... |
| Date Posted: |
03/10/2006 |
| In Reply To: |
To state that the resources in India are more loyal is completely inaccurate. Salaries are inflating VERY quickly because people are jumping ship left and right for more money. Companies are hiring people w/o interviews as long as they work at a competitor's shop. So no, they are not loyal.
And in terms of being more skilled, that is not the case either. While the onshore-facing roles tend to be filled by highly educated people the rest are just butts in seats. They get slammed through an IT course and start coding. Some come in w/o college educations. Why do you think all the shops are so focused on CMM compliance? It's so anybody can do the work at the lowest levels.
This is just a trend. The trend will end soon enough when the cost to offshore business functions will not justify the logistical issues and rising cost of employment in India. Look for countries like China, Indonesia, Russia to pick up where they left off. India is not the answer to IT. They merely capitalized on a trend. So think about this before you start with the bandwagon jargon. |
| Message: |
and that's why Accenture is going to hire 20-30 thousand Indian resources in the next few years. Go tell your CEO that India is not the answer to IT.
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