India's IT outsourcers are promoting "mini CEOs"

[UnrepentantLiberal]

Analysis: The end of Indian IT staffing as we know it

By Harichandan Arakali and Tony Munroe

BANGALORE/MUMBAI (Reuters) - India's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the hordes of entry-level computer coders they normally hire as they try to squeeze more profits out of their staff.

The shift by Infosys Ltd and others is symptomatic of a maturing industry that wants more revenue from its own intellectual property instead of providing only labor-intensive, lower-margin information technology and back-office services.

For young graduates who see the $108 billion IT industry as a sure pathway to modern India's growing middle class, the transformation is unsettling.

Dozens of industry aspirants who were recruited on campus by No. 4 player HCL Technologies recently protested outside its offices in several cities. They were offered jobs in 2011 before graduating last year but have not yet been given joining dates - or paychecks.

More: http://www.chicagotribune.com/business/sns-rt-us-india-tech-staffingbre92n0k8-20130324,0,4470139.story

[HipChick]

1. Infosys and HCL have US based offices..

I get recruiting calls from them often

[JI7]

2. india is getting more expensive anyways

most are already looking for cheaper places. plus the people there want to buy crap and need money. high end designers are opening up stores there and workers want to get paid more to buy not just basic needs like food, housing etc but bags, shoes etc.

[Egalitarian Thug]

3. Gee what a shock! Unscrupulous bastards see the end of screwing the workers in this country

Last edited Sun Mar 24, 2013, 11:23 PM - Edit history (1)

on the horizon and they're turning on their own. Clinton and the rest of the of the republicans should be forced to live in the world they created, sans money. Of course, without the millions he took selling the nation out, he would already be dead, but that's a small price to pay for creating a hundred billionaires.