India Top Destination In Global IT Cos' Hiring Spree
As the talent hunt for skilled technology workers intensifies worldwide, India has emerged as the top destination for global IT companies' hiring spree, a study by PricewaterhouseCoopers reveals. In order to hire people with required skills, more than 68 pct of IT companies globally have started or planning to start business operations in India in the next three years, the global consultancy and research major said in a report. The growing appetite for Indian talent pool comes on the back of rising concerns over severe skill shortages and fattening salaries that are looming over the local IT sector. However, the major risk for the country comes in the form of skyrocketing salary levels itself, which might cost it the position as a key low-cost location. The global talent hunt for IT workers could lead to severe skill shortages and further rise in salary levels, PwC found in a survey of 153 top executives at IT firms worldwide. Growing competition for skills has led to a sharp jump in technology sector salaries in emerging markets.
Source: 08 Nov' 06 The Economic Times New Delhi Edition
