India graduates about 3 million students from their universities each year.
According to a survey by India's National Association of Software and Service Companies, about 25 percent of them are engineering graduates. Another 10-15 percent are considered suitable for direct emplyment in offshore IT and business process outsourcing.
The group warns that India could come up short in the global outsourcing industry by about 500,000 professionals before 2010.
This number is in the face of the estimated 90 percent of global businesses that still have NOT yet offshored potential business. In other words, India is going great guns in the outsourcing industry. But the well is drying up despite the line growing of potential customers.
And the workers that Indian outsourcing companies do have, turn over at a rate of about 40 percent. Job hopping, giving up, moving....
Last year, according to the Globaly Salary Planning Report, Indain wages grew more than and other Asia-Pacific country - by 13.5%. In the IT sector wages grew by almost 20%.
Hence, Indian workers are chasing those raises.
In any event, the more companies in the US and Europe rely on Indians to answer the phone and process their mortgage applications, the more valuable those workers will become...and the more they will cost.
Wouldn't it make more sense for Americans to learn how to do the work they want done by themselves, at a cost they can afford?
What do you think?
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America will ever afford to pay for good work. An Indian worker is paid less than an American and when this thing is not longer valid then that Indian is doing a great job and worth the money.
Posted by: Lucy | August 10, 2006 2:59 PM | Permalink to Comment