The Slowdown's Effect on Indian Hiring
Filed in archive Opinions & Insights on October 28, 2008
Recently, the Washington Post published an article on the effects of the downturn on the Indian outsourcing community. While the managers in Indian companies remain confident, they are taking steps to "immunize" themselves from problems. These immunization tactics comes in the form of reduced hiring of entry-level engineers and looking at second-tier cities with lower labor costs.
Of course, the unknown variable in this mess will be the west's, and particularly the United States', hunger to continue outsourcing in a difficult economic market - particularly if the political costs offset the perceived economic benefits of offshoring.
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Tags: hiring slowdown outsourcing 2007 indian effect+indian indian+hiring slowdown+effect
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Response from:
Outsource Opinionist
(10/29/08 11:34pm)
I agree. Things are not looking any better for Indian industries. Trade/industry body Associate Chambers of Commerce and Industry of India reports that firms in steel, manufacture, construction, IT and finance sectors have been laying off up to 25 percent of their workforce. However, Infosys and Tata have declared that the US recession have no or minimal effect to their hiring plans in the future. Hopefully these industries efforts at immunization will help them weather the worldwide economic turmoil.
Response from:
Outsourcing India
(11/04/08 5:59am)
I dont see slow down permanent. It seems to be short time effect of about 3 months. During this share market effect its right time to get belts tight and do marketing efforts
Response from:
Outsourcing Lookout
(11/06/08 9:51pm)
Even if the economy starts to pick up again, outsourcing will continue to be in demand as international companies look for ways to lower operating cost. This will benefit not just India but other outsourcing hub like the Philippines, Indonesia and China. One site I stumbled upon that offers such sevices is www.aicomsolutions.com
Response from:
Amit Bakshi
(11/09/08 1:13am)
We haven't seen a slowdown here at oDesk: http://www.odesk.com/community/oconomy/country_statistics.
We're a marketplace for online work, and India continues to be one of our biggest sources of talented developers, designers, and writers.
I'm currently working on improving our oConomy (http://www.odesk.com/community/oconomy),
where we show outsourcing-related statistics around the world, based on our numbers. What kind of analysis would be interesting for you to see?
We're a marketplace for online work, and India continues to be one of our biggest sources of talented developers, designers, and writers.
I'm currently working on improving our oConomy (http://www.odesk.com/community/oconomy),
where we show outsourcing-related statistics around the world, based on our numbers. What kind of analysis would be interesting for you to see?
Response from:
Doing business in the Philippines
(11/09/08 5:08am)
There are many new foreign SMEs being registered in the Philippines, the majority of them coming from the US. Other foreign SMEs are coming from Canada, Northern Europe and Expat owned companies from Singapore and Hong Kong. We are even starting to see contact centers from the India registering businesses in the Philippines as the labor cost is cheaper and the English is much better
Response from:
Daniel
(11/17/08 12:19am)
The West axes jobs while Asia cuts pay.That's a very big difference between East and West.
In this "everything is slowing down" period, BPOVIA, which is a leading outsourcing company, is speeding up its business steps with usual level of price. I think I'm gonna pay much more attention on this small but very competitive power.
In this "everything is slowing down" period, BPOVIA, which is a leading outsourcing company, is speeding up its business steps with usual level of price. I think I'm gonna pay much more attention on this small but very competitive power.
Response from:
Titan407
(11/19/08 7:37am)
The problem for Indians is that they're facing more and more competitors in China, Philippines, Vietnam, Eastern Europe and even in North Africa. Prices in these countries are very competitive and moreover english skills are better. Indian companies have no choice but to reduce their operating costs by moving their facilities to cheaper locations. Some indian companies already investigate in North Africa for outsourcing partially their operations.
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