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| Jun 09, 2005 4:42 pm |
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re: How will Indian IT sector tackle this? |
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One way to tackle this is to shift to talent farming instead of talent acquisition. Today many companies are trying to go out and buy talent, driving competition and salaries up across the industry as there are very few employable people out there (I interview on an average 48 people to fill one position). If more companies invested in farming talent (pick from college, train, use-and-throw after 3 to 4 years), then we can keep costs low and businesses in India. We are not likely to run out of freshers coming out of college, with Indians reproducing like there is no tomorrow.
The trick is to use the more experienced talent you already have to create robust repeatable processes, so we simply plug people in and out. Next time someone demands more pay than the intrinsic value of the work he/she does, they can be shown the door and filled with a new kid off the block, the nature of the process built will ensure BCP.
Harsh pill, bitter for many, but gotta swallow.
~K Private Reply to X Y (new win) |
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