Bangalore: As companies look to cut costs in order to offset recession, many expats are being asked to leave Bangalore, which is home to around 1,000 expat professionals, placed mainly in the IT, financial services and manufacturing verticals, serving as overseers, delivery heads, engagement heads and business account heads, reported The Times of India.
While some expats have already left, many others are busy placing their CVs with leading headhunters in India and overseas as they are facing the pressure to leave, say HR professionals. Many 5-star hotels in the city have seen a drop in their long-staying expat clientele, mainly on account of them leaving the city.
Naresh Malik, who is associated with a Mumbai-based CXO search firm, says, "With each offshoring contract that involves 400-500 people, clients normally depute expats at vendor locations to oversee the delivery."Cost is the reason for this exodus. "Companies are eager to cut cost, and expats are really a big cost," says Romi Malhotra, CEO of The Dominon, a top-leadership crafting firm, and former MD of Dell India.
One expat salary, he says, is almost three times that of an Indian salary. "Expat perks and benefits are also very high. One in five expats is under pressure to look out for other job options or move back," he adds.When the aviation boom had created a pilot shortage, many expat pilots had been hired. But now, airlines have been sacking expats due to the pressure imposed by the withdrawal of flights from many routes. Domestic pilots have been demanding that expats should be first asked to go, given their higher salaries.
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