Indians are becoming a preferred choice for international MNCs based abroad, who are looking for experienced workforce for specific requirements available at low cost, says experts. We at GodCare India have have been doing overseas recruitment from past decade and would like to share our perspective about why you should hire from India.
“India has also become a preferred location for hiring workforce, especially in the IT sector. This trend, which began about a decade back has gained momentum in the last four to five years, growing by 15 to 20 per cent per annum. Initially, only freshers were there preferred choice, but now companies are looking for experienced candidates too.
It gives companies the choice to hire the suitable candidates for a specific assignment, which helps them cut down their staff costs, especially when they do not have visibility about a similar project in future. This is a win-win situation even for professionals, as this helps them gain exposure, environments, platforms and projects, thereby gaining professional enrichment.
The trend is also picking up in the Asia-Pacific nations. Indians, are hired in sectors like manufacturing, retail and banking etc. In the retail segment, hiring by foreign companies has gone up by almost 45 per cent. Indian professionals working abroad receive high packages including housing and other allowances and also get an opportunity to be part of the foreign work culture.
The Indian employees are hired purely on talent rather than academic performance. “Big companies have an HR policy to judge them on their performance because it is believed that marks don’t necessarily portray the actual skill of a person or one’s capability to do a particular work. So, they get the leverage to work with big companies even if the candidates do not score high marks in their exams.
About 10-15 per cent of Indian IT employees work on overseas projects onsite for client-specific requirements. This is expected to grow by 15-20 percent in coming years. Besides, Indian professionals engaged in power, infrastructure, energy and telecom sectors are also in high demand.
Government of India is also playing an important role in coming out with ideas to train India’s unskilled population by entering into several international collaborations with developed and industrialized countries like U.K., Germany, Australia, New Zealand etc. to enable the technical training institutions of the collaborating countries to improve the standard of Indian skilled workers by coming out with programmes to train the Indian labour force with the emerging requirements. Such collaborations would not only strengthen the vocational training centres but would also place a position in competency and national occupation.
Standards capable of being revised in the light of changing market dynamics. Advanced and developed countries seek to enhance their global competence by leveraging India’s skilled labour. Thrust for organised skill development, is, however, gathering momentum and soon more and more of the Indian corporate entities would get the merit in lending their weight to the momentum as they realize that their own strength would rest in the availability of their skilled workers in the globalized network of production and services.