Rajesh Shakya - Helping Technopreneurs to Excel and Lead their Life!

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June 3, 2007

Dearth of Software Professionals

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I came across a very interesting post by Vinay.
Indian Software companies already facing a lot of problems retaining Software professionals. India as the World’s largest outsourcing service provider paying reasonably high salary to its professionals and no more a cheap white collar labor market. Head hunting and stealing the best of brains from another company is already a well set software industry practice. Vinay writes “Recruiting and retaining skilled software professionals in India is not an easy task for a software company. It is getting costlier and harder for software firms to retain talent. Salaries for top performers have reached dizzying heights. Workers who are sacked from a company usually end up getting better offers. Average salary increases in India are now at around 14 per cent a year, compared with around 8 per cent in China. India’s top software firms plan to add 100,000 new jobs this fiscal year.”

He also posted a MUST WATCH video in light of the above. You will see the extent of efforts Indian software companies make to impress their employees, especially the new staff. The video is from the reception program of new staffs in one of well known software company in India.

Definitely it’s a smart move to retain the employees. But this is only the first move, software firms must take many consistent moves in sequence to retain good professionals. As Vinay, personally I would be uncomfortable with such a reception and would wonder if I came to the right place on my first day at work!

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4 responses to "Dearth of Software Professionals"

# Mohan commented on June 3rd, 2007:
Rajesh,
The trend of giving 14% raises is interesting. However, one wonders if Indian software professionals content to draw that amount and pursue a career in India…or still want to hop on the next flight out of the country to earn in $s?
# admin commented on June 3rd, 2007:
@Mohan
Mohan,
Despite all efforts by the software firms, “hopping on the next flight” is still a most preferred attraction for most of the professionals. Attractions may be because of the life style, social status and wide spectrum of opportunities.

Rajesh
# Vinay commented on June 3rd, 2007:
Hi Rajesh / Mohan, “hopping on the next flight” - I beg to differ. Gone are those days of American Craze - At least for a software professional. May be I am biased coming from a software city like Bangalore. A skilled software guy with say 5+ years of experience can change jobs so easily these days. Other industries are not lagging either - Remember the latest GDP growth is at 9.4%. India is one of the fastest growing countries in Asia. “Per capita income” and “poverty” in India are so much of a misnomer. Poverty & unemployment are only for the real illiterates - Basically those who can’t speak English. However I also think India will continue to have millions of poor for still many many years.
- Vinay
# admin commented on June 3rd, 2007:
@Vinay
Hi Vinay
Thank you for making things more clear. Appreciate your future participation in discussions.

Cheer,
Rajesh