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Because it’s even harder to hire good tech workers in india now? Europe and Canada have far more talent at far cheaper price right now.
by ramraj07 4y ago
Because it’s even harder to hire good tech workers in india now? Europe and Canada have far more talent at far cheaper price right now.
- ChuckNorris89 4y ago>Europe and Canada have far more talent at far cheaper price right now. Depends, it's not just about the employees salaries. Some EU countries have pretty high taxes and high worker's rights so big tech actively avoids them. So in the grand scheme, Indian offices might yeld better return on their investment.
- ramraj07 4y agoNot sure if you know what the ground realities in India are. Absolute unadjusted tech salaries are higher than in Canada or EU. And retention is really hard. EU workers have more rights so to speak but not clear to me how either of us can tell that’s still a dealbreaker.
- ChuckNorris89 4y agoI know and I wasn't contradicting you. I was saying that despite EU salaries being lower than Indian ones for the FAANGS, they might still prefer to expand in India and not the EU due to the EU's higher taxes, higher privacy and higher workers' rights.
- Cthulhu_ 4y agoHigh (income) taxes isn't an issue for "big tech", even with the taxes the compensations they offer in the US are a multiple of what the average software engineer earns. Worker's rights is people telling on themselves, I don't think 40 hours / week and ~25 days off a year is unreasonable. No vacation or long hours just means people will do less at work. Anyway I know of plenty of people who landed remote jobs at US companies, or US-based companies opening offices within Europe. I mean most US companies operate through Ireland, the Netherlands and Luxembourg anyway because of tax evasion.
- ChuckNorris89 4y ago>High (income) taxes isn't an issue for "big tech" Except high taxes its an issue though but for the company's taxes, not the employees' taxes. You even said it yourself later ["I mean most US companies operate through Ireland, the Netherlands and Luxembourg anyway because of tax evasion"] it just so happens that the countries with low corporate taxes also have low income taxes and countries with high corporate taxes usually also have high income taxes. There's a reason why all big tech in EU is parked in those countries with low taxes and simple laws like Luxembourg, Ireland, Netherlands and not in countries with high taxes and complex laws like France, Belgium, Austria, etc. And no, most big tech don't really hire EU-wide remotely outside of their HQ country and a few select other countries since we have no standardized EU wide corporate and workers' laws so a lot of EU countries get left out due to their stricter laws.