The Talent Terminal

The danger level of ‘talent-all-eroded’ is approaching at a very high pace in the IT and ITES sector. How will India meet the demand of employable IT professionals?

Take this…

“We will add 8000 workers in India this year, taking our total count in the country to 35,000. That will surpass 30,000 workers employed in Accenture’s US operations.” - William Green, CEO, Accenture

“Number of technology jobs to reach 1.7 million in India by year 2010.” - NASSCOM

India has an inexhaustible supply of top-flight engineers and IT specialists. Today, it is a known fact for one and all that the country is a day and night running factory of Software Professionals. Holding a whopping 44 per cent share of global offshore outsourcing market for software and back-office services, enjoying confidence of 95 countries outsourcing their work to her and with more than 82 per cent of American companies grading her as their first choice, India has undoubtedly become a near synonym to outsourcing.

Playing on with the number game and in fact mastering it —

• India boasts of having the biggest pool of IT brains with 1,20,000 professionals added to the industry every year.
• Almost 2.5 million graduates pass out of Indian colleges every year.
• India churns out more than 4,00,000 engineers per year.

India Vs China

While India is slowly and gradually reaching its limit of saturation in supplying technical and sagacious brains to the global companies, China has reasons enough to grab the market. India undoubtedly has a massive lead on China in the software off-shoring game. However, behind the scenes, the Chinese have already planted seeds that will eventually make them major players in the industry.

May be this is one of the reasons why Indian companies keep on grabbing outsourcing contracts so as to avoid the buyers and their jobs going away to other companies (read Countries). Though as compared to 25 per cent of engineers in India having basic skills for offshore IT jobs, only 10 per cent each of total engineering pass-outs from China and Russia bear them. The labour cost advantage may start playing a crucial role and take shape of a turning point in times to come.

With so many jobs flowing in the country, Indian outsourcing companies are compromising with the quality of workers being recruited. And if the scene remains the same for long, the software off-shoring market may eventually go off the Indian shore.

So is India ‘ready’ to take that…? Read the Entire Article at The Ground Report

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