Talent crunch in India

Its a bit of an older story, but still very actual. Remember when I wrote that while India's outsourcing industry is racing ahead of the rest of the world, but that there is also the danger that they kick themselves out of the market due to the lack of talent and the salary increases that mostly accompany such crunches.

It is happening.

"The Indian outsourcing industry grew by a sizzling 35% last year as big multinationals and smaller U.S. and European companies handed over to Indian firms everything from software development and computer help desks to financial analysis. That growth has boosted competition for workers."

What does this mean, overall? Well, besides the usual salary increment - something that is never good alone if you intend to keep your worker - companies, such as Wipro, start offering additional benefits.

They are "helping a new hire find a home, providing compensation for lost salary to recruits who don't give enough notice when leaving their previous jobs, and even easing school admissions for their children."

Way to go!

(By Asia Business Consulting)