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Most of us in the Indian IT industry, have probably seen the writing on the wall for about close to 6-8 years now. One way Indians can handle this adversity is
by sumanthvepa 9y ago
Most of us in the Indian IT industry, have probably seen the writing on the wall for about close to 6-8 years now. One way Indians can handle this adversity is to switch from working for service companies to working for firms that build product.The silver lining, although a very tenuous one, is that venture capital and private equity inflows into India in the areas of e-commerce, digital marketing, fintech and software automation have been steadily increasing over the last decade (although not in 2015-2016.) That provides opportunities for experienced professionals -- the cohort that seems most affected. Those with the experience of managing people, technology and operations may find the downturn easier to navigate.
- pjmlp 9y agoAs far as I understand even Indian companies are now offshoring to other countries in the Indian Ocean, with IT salaries lower than in India. Is it visible there?
- sumanthvepa 9y agoCould be. There is nothing sacrosanct about Indian workers. (Or any others for that matter) The reason I was advocating that folks with experience and talent seek out product companies, is that as a group, they are less sensitive to worker wages. A talented programmer, product manager, marketing executive or ops person will have at least an order of magnitude greater impact on the company's bottom (or top line) than they would in say a pure body shopping IT outsourcing company. So as an entrepreneur, for the right candidate, I have no problem paying 2x the market rate. A good employee will more than make up for the extra cost. In the outsourcing business though, the business model is very sensitive to labor costs. Not so with product firms.
- pjmlp 9y agoI got that idea, talking with some Indians while travelling in Mauritius a few months ago.
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