This is my first blog in three weeks!! Looking back, it has been due to a variety of reasons-some logical and others not so !!
-Hyderabad's new international airport is about 30km away from the city-and the approach roads aren't really ready-and one reckons it is atleast an hour and a half drive away. And considering one can get to most parts of India from Hyderabad by 2 hours flying, it seemed a great idea to pack in as much as travel as possible before the Hyderabad airport moved out from the city!!
-IncreasedWork pressure. While corporates probably hire right through the year, I suspect most professionals -who want to consider a job change-especially those who are willing to relocate across towns- seem to prefer March/April to take decisions regarding the schooling needs of their children as the academic year comes to an end.
-March 31st is the financial year end in India-and so I 've been trying to attend to not just reviewing last year, but planning for the next year's business. And this time- it has been a very challenging exercise. We have had a great year in the last 12 months-and it is natural to be bullish and build capacity and plans to leverage on the momentum. And more so-when most soothsayers advice caution!!
On the flip side, there is a lot of noise about the global economy -and more particularly the recession in the US. I am glad I came across a very interesting post by my pal Jim Stroud "India should not worry about the US recession". While Jim points to a number of press releases across the media cautioning the Indian IT industry, his own mantra is a bunch of strategic multipronged metamorphosis- eg
-Set up a 24-hour Tech Support Service and reach out to other countries with my services.
-Take advantage of sites like Elance, so I can find clients among the American consumers.
-Use the IT talent I have to create products and transform myself from a staffing company into a software company.
- become a SAAS (Software As A Service) company and charge a monthly subscription fee to keep the revenue flowing.
-Find countries where IT Consultants work cheaper than they do in India (its possible) and outsource work to them, but acting as a middle man. (Oh, the irony.)
-Maybe even pursue the “idea” market. What’s that? Everyone has an idea on the perfect product or website, perhaps pitching my company as a site where we make technical dreams a reality for a reduced cost.
Well, to me it seems a moot point- personally as most of us service organisations are marginal players, and really would not be needing to spend sleepless nights-for there is enough room for innovation and providing value:
- I recall reading a Deloitte Survey on outsourcing called "why settle for less" -which essentially mentioned that outsourcing for cost reduction reasons- are only addressing the tip of the iceberg. If instead, the drivers were leveraging technology expertise/improve customer value/gain competitive advantage/ overcome lack of in-house resources/ increase shareholder value /flexibility, then one could see outsourcing is just another tool- and the the whole game is actually 'transformation innovatively'!!
- In the recent past, some of the enquiries for senior management positions I have been getting from some of my international clients- infact validate some of the innovative hiring trends! Outsourcing isnt just for the Biggies-in fact it benefits the small & medium enterprises too.
A 200 million dollar family business -founded by immigrants to the US about a decade ago, is beginning to think of building its second line of management by hiring foreigners with the 'fire in the belly' -and more so, since their efficiencies depend on global sourcing.
- I see a larger trend of global migration of professionals in the next decade. Perhaps it has to do with baby boomer effect, or the ageing workforce in Europe/US, or the sheer pace of growth of infrastructure in the developing economies, and even the highly rewarding challenges that entice senior professionals away from recessionary markets.
I would like to predict that India will be a global hub for talent very soon. Not just as a source of a few million managers ( a decent percentage of the middle class educated population), but also as a growing market for consumption ( eg telecom and the opportunities thrown up by globalisation aided in increasing infrastructure). We shall see more MNC and SME setting up Indian operations, and more global talent -read not just returning Indians, but also expats of different regions soon.
-Hyderabad's new international airport is about 30km away from the city-and the approach roads aren't really ready-and one reckons it is atleast an hour and a half drive away. And considering one can get to most parts of India from Hyderabad by 2 hours flying, it seemed a great idea to pack in as much as travel as possible before the Hyderabad airport moved out from the city!!
-IncreasedWork pressure. While corporates probably hire right through the year, I suspect most professionals -who want to consider a job change-especially those who are willing to relocate across towns- seem to prefer March/April to take decisions regarding the schooling needs of their children as the academic year comes to an end.
-March 31st is the financial year end in India-and so I 've been trying to attend to not just reviewing last year, but planning for the next year's business. And this time- it has been a very challenging exercise. We have had a great year in the last 12 months-and it is natural to be bullish and build capacity and plans to leverage on the momentum. And more so-when most soothsayers advice caution!!
On the flip side, there is a lot of noise about the global economy -and more particularly the recession in the US. I am glad I came across a very interesting post by my pal Jim Stroud "India should not worry about the US recession". While Jim points to a number of press releases across the media cautioning the Indian IT industry, his own mantra is a bunch of strategic multipronged metamorphosis- eg
-Set up a 24-hour Tech Support Service and reach out to other countries with my services.
-Take advantage of sites like Elance, so I can find clients among the American consumers.
-Use the IT talent I have to create products and transform myself from a staffing company into a software company.
- become a SAAS (Software As A Service) company and charge a monthly subscription fee to keep the revenue flowing.
-Find countries where IT Consultants work cheaper than they do in India (its possible) and outsource work to them, but acting as a middle man. (Oh, the irony.)
-Maybe even pursue the “idea” market. What’s that? Everyone has an idea on the perfect product or website, perhaps pitching my company as a site where we make technical dreams a reality for a reduced cost.
Well, to me it seems a moot point- personally as most of us service organisations are marginal players, and really would not be needing to spend sleepless nights-for there is enough room for innovation and providing value:
- I recall reading a Deloitte Survey on outsourcing called "why settle for less" -which essentially mentioned that outsourcing for cost reduction reasons- are only addressing the tip of the iceberg. If instead, the drivers were leveraging technology expertise/improve customer value/gain competitive advantage/ overcome lack of in-house resources/ increase shareholder value /flexibility, then one could see outsourcing is just another tool- and the the whole game is actually 'transformation innovatively'!!
- In the recent past, some of the enquiries for senior management positions I have been getting from some of my international clients- infact validate some of the innovative hiring trends! Outsourcing isnt just for the Biggies-in fact it benefits the small & medium enterprises too.
A 200 million dollar family business -founded by immigrants to the US about a decade ago, is beginning to think of building its second line of management by hiring foreigners with the 'fire in the belly' -and more so, since their efficiencies depend on global sourcing.
- I see a larger trend of global migration of professionals in the next decade. Perhaps it has to do with baby boomer effect, or the ageing workforce in Europe/US, or the sheer pace of growth of infrastructure in the developing economies, and even the highly rewarding challenges that entice senior professionals away from recessionary markets.
I would like to predict that India will be a global hub for talent very soon. Not just as a source of a few million managers ( a decent percentage of the middle class educated population), but also as a growing market for consumption ( eg telecom and the opportunities thrown up by globalisation aided in increasing infrastructure). We shall see more MNC and SME setting up Indian operations, and more global talent -read not just returning Indians, but also expats of different regions soon.
Yes, I am attending the international conference of the , NPA, The Worldwide Recruiting Network that connects premier independent recruiting firms located throughout Europe, Asia, Australia, Africa and the Americas to facilitate cooperative placements-in the first week of April in Nashville, Tennessee-and check out the pulse firsthand on the mood of international recruiters.
Till I meet them, my next few posts will hinge on the following some fast growing industries in India. I shall be glad to have your suggestions, advice, and pointers to help project India better!
1 comment:
Dear Sir/Madam,
This training is designed for individuals who want to attend the trainings on weekends, as it is difficult for them to attend the
same during working days.
We are currently conducting public training on "Design Patterns", "UML", and CORBA at our premises.
If you wish to attend / nominate from your organization for this training program do let us know at the earliest. To enquire more call us or reply at [email protected]
We can also conduct on-site Corporate trainings in the following area:
1. CORBA.
2. Advance CORBA.
3. eCORBA
4. CORBA-RT
5. Design Patterns (GoF and POSA).
6. OOAD-UML.
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Looking forward to hear from you soon.
Thanks
Vijaya
Ph: +91 80 4169 7209
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