Hmm, one of my friends said that China's salaries are not as low as being made out. Well I had to dig into google.com and this is what came out. Alarming :)
I wont drill down into details, just look out for yourself..
http://www.payscale.com/research/CN/Job=Software_Engineer_%2F_Developer_%2F_Programmer/Salary
Friday, September 28, 2007
SAP CEO on the escalating Costs in India
SAP CEO on the escalating Costs in India.
Escalating personnel costs in India - one of the world's largest markets for offshore software development services - have prompted business software vendor SAP to begin looking
elsewhere for lower-cost, skilled programmers.
Check out this article at networkworld
http://www.networkworld.com/news/2006/013006-sap-ceo.html?fsrc=rss-offshoring
Escalating personnel costs in India - one of the world's largest markets for offshore software development services - have prompted business software vendor SAP to begin looking
elsewhere for lower-cost, skilled programmers.
Check out this article at networkworld
http://www.networkworld.com/news/2006/013006-sap-ceo.html?fsrc=rss-offshoring
Hi,
A few interesting stats about IT.
1) Turnover / Market Size
- Total Turnover of All IT Companies in India (Including MNCs, BPO, ITES, KPO) - 40 Billion USD
- Toatal Market Size of All IT Services in US (550 Billion USD)
Compare this with??
- Total Turnover of Reliance Industries 27 BILLION USD
2) Market Cap
- Market Cap of all Indian IT Companies Close to 60 Billion USD
Compare this with??
- Market Cap of Reliance Industries 60 BILLION USD (RIL alone not including Reliance Communications, Reliance Petroleum, Reliance Capital, Reliance Energy, RNRL etc. etc.)
So Reliance = All IT Companies in India put together.
3) Number of Emplyees
-IT Industry 1.6 Million
Compare this with??
Reliance = 12000 Employees, this year 24000 due to addition of Reliance Retail.
So now you know why Reliance didn't enter the IT Field.
A few interesting stats about IT.
1) Turnover / Market Size
- Total Turnover of All IT Companies in India (Including MNCs, BPO, ITES, KPO) - 40 Billion USD
- Toatal Market Size of All IT Services in US (550 Billion USD)
Compare this with??
- Total Turnover of Reliance Industries 27 BILLION USD
2) Market Cap
- Market Cap of all Indian IT Companies Close to 60 Billion USD
Compare this with??
- Market Cap of Reliance Industries 60 BILLION USD (RIL alone not including Reliance Communications, Reliance Petroleum, Reliance Capital, Reliance Energy, RNRL etc. etc.)
So Reliance = All IT Companies in India put together.
3) Number of Emplyees
-IT Industry 1.6 Million
Compare this with??
Reliance = 12000 Employees, this year 24000 due to addition of Reliance Retail.
So now you know why Reliance didn't enter the IT Field.
Wednesday, September 26, 2007
How Many Jobs are there in IT (Actual Numbers)
Being in the IT Outsourcing industry, have we ever given it a thought on how many jobs are there in the market to get outsourced?
I think that this is an important number, for us in the Outsourcing industry atleast.
Here are a few statistics and yes I was startled when I actually tried to find the answer to the question above.
Current Data
- 1.6 Million Jobs in IT and ITES Segment. Out of which a Million in IT.
2010 Data :)
Nasscom Says that there will be 10 Million Jobs by 2009
http://timesofindia.indiatimes.com/articleshow/1195266.cms
Now where does that 10 Million figure come from? To be able to be 10 Million we have to grow at more than 100% in terms of people every year.
The Number of Jobs in USA today for IT Professionals?
How Many?
10 Million?
100 Million?
Well what's your guess. Just check out the actual figures of US Job data for IT Professionals.
http://www.bls.gov/oes/current/oes150000.htm
Add to it the following:
1) Tool Productivity is Increasing automation of Routine Jobs
2) Much higher use of Out of Box Tools / Packages
3) Higher People Productivity / Process Improvement
So, How many jobs will actually be there in 2009??
I think that this is an important number, for us in the Outsourcing industry atleast.
Here are a few statistics and yes I was startled when I actually tried to find the answer to the question above.
Current Data
- 1.6 Million Jobs in IT and ITES Segment. Out of which a Million in IT.
2010 Data :)
Nasscom Says that there will be 10 Million Jobs by 2009
http://timesofindia.indiatimes.com/articleshow/1195266.cms
Now where does that 10 Million figure come from? To be able to be 10 Million we have to grow at more than 100% in terms of people every year.
The Number of Jobs in USA today for IT Professionals?
How Many?
10 Million?
100 Million?
Well what's your guess. Just check out the actual figures of US Job data for IT Professionals.
http://www.bls.gov/oes/current/oes150000.htm
Add to it the following:
1) Tool Productivity is Increasing automation of Routine Jobs
2) Much higher use of Out of Box Tools / Packages
3) Higher People Productivity / Process Improvement
So, How many jobs will actually be there in 2009??
Friday, September 21, 2007
IT Industry in India
Hi Everyone,
So the IT Industry in India and its supremacy are reaching a plateau?? Its growing fast, how long, how fast, till when, these are a few of the questions that trouble the mind of an IT worker today.
I would like to share my views with you on this phenomenon so I will break this topic into some subtopics.
The first one is What started it all, what we did right to be here.
There are many things that went for India for it to become what it is today, am enlisting some of them here:
1) English speaking workforce
2) Close ties with the west, many Indians working in US and Europe. The immigration population in these countries is highly successful often in leading and decision making posts, so when the time came to outsource they looked at India. More or less following the trend when one brother who owns a retail store in US looks to his brother in India to supply him cheap goods to sell.
3) Availability of cheap labour (qualified cheap labour) well the IT industry just 5 Years back was the same as any other industry and people earned a pittance working for days and nights together. The skill level was good enough for low level programming, testing and web site jobs also for Y2K resolution.
4) Onsite lure: Most indian companies just started as Manpower consultants, sending people to US to work for US MNCs but this had a big impact. The people who worked with these MNCs brought back crucial process, product, managerial and technical knowledge to enable the Indian Companies to do business out of offshore. So the Manpower consulting companies had a very big hand in taking India in IT to where it is today.
5) Lack of opportunities: IT provided the much needed opportunity to youngster's here to get a job and a decent standard of living (at a time when getting a job itself was difficult).
6) Indian Currency (Re): The rupee was favourably placed for us to be able to export and get benefits of labour arbitrage.
7) Government Incentives: IT was one field where you had STPI benefits, Income Tax Exemption and this played a key role in making india an IT Destination.
8) Downturn in US Economy: The US Economy downturn actual helped India as companies in US looked at cost cutting and started offshoring. Loads of MNCs set up their shops in India to save costs and thus maintain their margins.
Hmm, so these are some of the reasons that India emerged as an IT power. Now many of these factors have gone against us and there are new threats emerging fast. Will discuss this in the following post What Ails Indian IT Industry and then would follow it up with what we can do to save ourselves from getting Shanghaied.
Till then happy coding.
So the IT Industry in India and its supremacy are reaching a plateau?? Its growing fast, how long, how fast, till when, these are a few of the questions that trouble the mind of an IT worker today.
I would like to share my views with you on this phenomenon so I will break this topic into some subtopics.
The first one is What started it all, what we did right to be here.
There are many things that went for India for it to become what it is today, am enlisting some of them here:
1) English speaking workforce
2) Close ties with the west, many Indians working in US and Europe. The immigration population in these countries is highly successful often in leading and decision making posts, so when the time came to outsource they looked at India. More or less following the trend when one brother who owns a retail store in US looks to his brother in India to supply him cheap goods to sell.
3) Availability of cheap labour (qualified cheap labour) well the IT industry just 5 Years back was the same as any other industry and people earned a pittance working for days and nights together. The skill level was good enough for low level programming, testing and web site jobs also for Y2K resolution.
4) Onsite lure: Most indian companies just started as Manpower consultants, sending people to US to work for US MNCs but this had a big impact. The people who worked with these MNCs brought back crucial process, product, managerial and technical knowledge to enable the Indian Companies to do business out of offshore. So the Manpower consulting companies had a very big hand in taking India in IT to where it is today.
5) Lack of opportunities: IT provided the much needed opportunity to youngster's here to get a job and a decent standard of living (at a time when getting a job itself was difficult).
6) Indian Currency (Re): The rupee was favourably placed for us to be able to export and get benefits of labour arbitrage.
7) Government Incentives: IT was one field where you had STPI benefits, Income Tax Exemption and this played a key role in making india an IT Destination.
8) Downturn in US Economy: The US Economy downturn actual helped India as companies in US looked at cost cutting and started offshoring. Loads of MNCs set up their shops in India to save costs and thus maintain their margins.
Hmm, so these are some of the reasons that India emerged as an IT power. Now many of these factors have gone against us and there are new threats emerging fast. Will discuss this in the following post What Ails Indian IT Industry and then would follow it up with what we can do to save ourselves from getting Shanghaied.
Till then happy coding.
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