DIAL INDIA FOR IT
Infosys Chief Operating Officer U.B. Pravin Rao is retiring on a baffled note, it seems. “This is a very unusual phenomenon… [I have been] in the industry for over 35 years, I cannot yet think of a time when we have seen this kind of thing,” he said at the company’s second-quarter earnings call in October this year
The ‘thing’ he’s referring to is the mad rush for IT talent in the country brought on by pandemic-led digital transformation initiatives in almost every company. The ‘thing’ has forced firms and their HR heads to grin and bear it as highly skilled technology professionals walk out on job offers with 50 per cent salary hikes in some cases, with three-four other offers lined up. The ‘thing’ prompted the likes of Bhavish Aggarwal, Found-er and CEO, Ola, to wonder aloud on Twitter if it just may be cheaper to hire from Silicon Valley instead.
Well, not quite. Let alone Bay Area, it turns out there simply isn’t another IT outsourcing hub like India for companies looking to execute large-scale projects. The reason: A formidable
