‘Brain gain’ on the increase in IT cos
As lack of adequate skill sets continues to dog the IT industry, ‘brain gain’ or the trend of Indian professionals returning to the country is increasing, even if it means joining positions for lower pay. And some IT companies are cashing in on this trend. For instance, Hexaware Technologies is starting a talent acquisition drive in Australia this month and will be extending it to Malaysia, the Philippines and Singapore in the next three months.
Hexaware Technologies will hire locals for its local businesses in these countries and tap Indian-origin talent for its domestic requirements. Hexaware begin this initiative in Mexico about two months ago and has recruited about 20 people. Chief People Officer Deependra Chumble told that they were looking for people with knowledge of ERP, Peoplesoft, SAP and testing with over three years experience.
Hexaware will be recruiting employees for positions of senior developers and project directors in India. Thereafter, the laterals will be exposed to an in-house training programme. Polaris Software Lab Ltd has no seperate plan for harnessing Indian-origin talent but is inducting them on an ongoing basis for the past three years.
Soma Sajeevan, EVP and Global Head-Talent and Change, agreed that the number of people returning to India was increasing because of the growing growing challenges in jobs and more opportunities in the country. Better infrastructure, good educational facilities for children and improved quality of work are other factors influencing this migration.
Saveevan said that more people were joining the Polaris office in India at senior and leadership levels with about 15 to 16 years of experience, through they had overseas-returned employees at different levels for different positions.
