for the IT guys

[EXIT63]

http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=3487352

[belgareth]

That\'s good news but still does not address the exporting of jobs overseas. They\'ve helped with part of the problem, now let\'s hope they address the bigger piece.

[franki]

</font><blockquote><font class=\"small\">Quote:</font><hr />
but still does not address the exporting of jobs overseas.

<hr /></blockquote><font class=\"post\">

Seems hard to do something against that, unless you want to go back to the 19th century or something...

I can\'t see how you can forbid companies to develop their software in India...

Call Centers are different I guess, if the american consumer would step up and demand quality support there is a chance to get it back.

Just my two cents,

[franki]

If you think this thing through:

Because there are now less visa\'s for indian IT guys, even more jobs have to be exported overseas, because there will be even less qualified people to do these jobs.

Assuming that there is indeed not enough qualified people in the States...

[Mtnjim]

There are loads of qualified IT people in the US. They couldn\'t find jobs because companies prefered to hire people who could be paid less and \"trapped\" in the job (couldn\'t look for a better paying job because of visa restrictions). Not only that there are a lot of IT people with 15-25 years of experiance who are passed over because they are \"too old\".

[belgareth]

No, there are a lot of people available here to do the jobs. They just expect a living wage.

[Holmes]

</font><blockquote><font class=\"small\">Quote:</font><hr />
No, there are a lot of people available here to do the jobs. They just expect a living wage.

<hr /></blockquote><font class=\"post\">

Bingo.


Holmes

[franki]

To me it seems though that there is currently only a choice between \"indians\" working in the States, or those same people doing the same job overseas...

I know that that is not 100% true, but still..

[druid]

A small victory. Personally I would like to see the H1-B visa and L-1 visas completely abolished. Does everyone here know that NO GOVERNMENT AGENCY knows exactly how many of these visa holders are in the country, much less the whereabouts and status of them. That alone screms to me that our government is failing us.

[belgareth]

Jobs Abound in

India\'s Booming Tech Sector
Wed Oct 1,10:24 PM ET


By Anshuman Daga

BANGALORE, India (Reuters) -

Software engineer Prakash just quit his job in Bangalore, but he\'s not worried.


\"The market is booming. I

can pick and choose a firm of my choice,\" said the 28-year-old engineer, who has been in the industry for about

five years.


Companies are slashing payrolls in the United States and Europe to cut costs, moving software work

offshore and creating thousands of jobs for India\'s low-cost engineers.


Headhunters are scrambling to fill

the new jobs.


\"The shelf life of a job hunter has come down to two weeks from about two months,\" said

Gautam Sinha, chief executive at TVA Infotech, which is placing about 90 software workers a month, double the number

from the start of the year.


Top home-grown software exporters such as Wipro Ltd and Infosys Technologies Ltd

are also on a hiring spree but the bulk of their staff additions are entry-level positions.


India\'s

software sector, including the back-office services industry, added 130,000 -- nearly 25 percent -- to its workforce

in the year to March, taking the sector to 650,000. Wage costs are rising but are not yet a threat for a nation that

churns out about 200,000 engineers per year, analysts say.


Software workers with two years of experience are

paid about 25,000 rupees ($545) a month, roughly one sixth of what their U.S. counterparts earn but a princely wage

in a country with an average per capita income of $480 a year.


\"Multinational company salaries are 50 to 60

percent higher at the entry-level and 30 percent higher at the middle management level when compared with Indian IT

services companies,\" Bombay-based Kotak Securities Ltd said in a recent report.


WAGE HIKES


A fall in

U.S. employment visas for foreign workers are partly driving the expansion plans of high-tech firms such as IBM,

Accenture Ltd and Oracle Corp. in India. Visa curbs discourage Indians from seeking employment abroad and some are

returning from a stint overseas.


\"Clearly, the romance of jobs overseas is no longer there for most Indian

techies,\" said Pandia Rajan, the managing director at Ma Foi Management Consultants, a leading headhunter.




Walk-in interviews are common in the shining offices of companies in the technology hubs of Bangalore, Madras

and Hyderabad in the south and Delhi and Bombay in the west.


India\'s call centers have been magnets for

job-hunting youth in the past few years, but it is only in the last six months that software jobs are flooding the

market after a two-year crunch. India\'s software services exports rose to $9.5 billion in the past year to March

and are forecast to grow 26 percent this year.


\"Many Indians overseas are uncertain about their tech jobs

and are coming back,\" said Smita Goswamy, who runs HR Solutions, a small consultancy in the western city of

Baroda.


FOEREIGN HIRING


A full-page advertisement from IBM screams: \"The global giant is at your

desktop with the opportunity of a lifetime. Can you afford to ignore it?\"





Internet media giant

Yahoo Inc. (Nasdaq:YHOO - news)and Fidelity Investments, the number one mutual fund firm, are among other large

companies moving technical support work to India.

Yahoo, which set up a software center in Bangalore in July, is

tapping local colleges for talent, said Venkat Panchapakesan, who shifted from Yahoo\'s U.S. center to head its

software unit.

Accenture and Oracle are expanding furiously but their staff in India is still less than a

quarter of Infosys and Wipro, which employ about 17,000 and 21,000 people respectively.

\"Overseas firms are

even hiring from mid-sized local players,\" said Bangalore-based Shambhu Agrawal, who handles technology placements

at ABC Consultants.