When Wipro decided to hire thousands of employees to satisfy the growing need for manpower in the US, many Indian tech professionals might have got their eyes wide open. The company, however, had some other plans this time and ended up disappointing many of its employees in India.
Wipro hired nearly 6,000 fresh graduated globally in Q2 2019. In contrast to the belief that most of such hirings take place in India every quarter, the Indian tech major hired 66% of those from the US alone.
So, what made the Indian IT major leaned more towards the US in terms of hiring freshers?
Simply put, It’s productivity!
The writing is on the wall, especially for all those fresh graduates who are crying their lungs out for either not getting a job or not able to get a job offering a satisfying salary.
Rising Cost But Lagging In Skills
Wipro has clarified that the rising cost of Indian tech professionals required for on-site projects, and deployment time frame is playing an important role here. The cost of hiring fresh graduates in the US is almost the same as sending a tech professional from India. Besides, the speedy deployment and shorted training period due to localisation factors make the process much quite easier, efficient an cost-effective.
“I think programming, coding and communication skills – you will see the quality of people, they are much more application-oriented (and) their ability to get deployed is faster,” says Saurabh Govil, HR Head – Wipro.
Off late, the governments in developed countries like US and Europe region are facing an immense challenge to create job opportunities for local people. Two decades ago the cost difference between the local manpower and India created a big window of opportunity for Indian companies. Wipro, Infosys and TCS took the lead and started training local people and deploying Indian techies for projects in the US and Europen region.
The scenario, however, has changed now. The rising demand for tech professionals inside the country itself and the startup boom in India have resulted in the increased manpower cost. The gap between the cost of sending Indian techies to the US/Europe and hiring local fresh graduates have narrowed now. On the other hand, India tech professionals failed to keep the pace with technology upgrades.
“We had given a coding test, and from the best of these colleges from India in coding (and saw) there was still a distance to cover,” said Govil.
Undoubtedly, the trend could be just the beginning of the worrisome scenario for the Indian employees, pocketing huge paycheque, in the US and Europe as well. While companies like Wipro are committed to having more training centres to train its employees for emerging technologies, fast-moving businesses nowadays demand reduced time frame for the deployment of path-breaking solutions. This, in turn, requires the faster deployment of manpower which is still a challenge for Indian companies.
As the jobs scenario in India also looks quite challenging it’s time when Indian tech professionals, especially freshers, must realise ground reality.