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Over 15,000 NRI resumes lying with Indian HR firms
| Friday,05 February 2010, 02:41 hrs
|
Bangalore: Due to the lingering impact of the global financial crisis, hiring has taken a beating in the U.S. market. But this has in turn resulted in an increase in the number of non-resident Indian (NRI) resumes received by Indian human resources (HR) companies.
Over 15,000 NRI resumes have accumulated in the inboxes of headhunters, and the number is set to increase, say HR executives, reports Business Standard. Around 50,000 H1-B visa holders had their visas issued in 2002 and 2003. By 2009, most of these visas (which are work permits issued for a fixed period), with a validity of six years, expired. The number of H1-B visa holders who have applied for jobs in India is now said to be between 15,000 and 20,000.
"A good number of those who went to the U.S. after 1999-2000 have started returning. U.S. President Barack Obama's posture has probably been one of the triggers. The reluctance to renew H1-B visas has also led to people deciding to return," said Kris Laxmikant, CEO and Chairman of recruitment firm Headhunters India.
"Most of the H1-B visa holders were in the U.S. in consulting capacities. Many companies who made H1-B applications in 2003 are not keen to renew their H1-Bs, thanks to widespread apprehensions of the job pipeline for Americans thinning out. On the whole, there are fewer jobs available in the market," says B S Murthy, Head of Bangalore based Human Capital, a recruitment firm.
According to economists at Goldman Sachs, the U.S. unemployment rate, which was 10 percent in December 2009 from five percent at the start of the recession in December 2007, will peak by the middle of 2011, before dropping back to 10.5 percent by the end of 2011.
"Most of the returnees are in the mid and junior levels, and employed in the IT industry. TeamLease has received around 3,000 NRI CVs so far and placed a significant number of them. Most of them have been placed in permanent jobs. This is an evolving situation, and hence, it is difficult to know the exact number of CVs received by Indian recruitment firms so far," said Ashok Reddy, Managing Director, Teamlease Staffing Solutions.
Calendar 2010 is expected to create around 50,000 fresh IT/ITeS jobs in India. A 15 per cent increment in hiring volumes, primarily in IT services, is expected in the first two quarters of 2010, while growth could cross 20 per cent or double towards the third and fourth quarters.
Over 15,000 NRI resumes have accumulated in the inboxes of headhunters, and the number is set to increase, say HR executives, reports Business Standard. Around 50,000 H1-B visa holders had their visas issued in 2002 and 2003. By 2009, most of these visas (which are work permits issued for a fixed period), with a validity of six years, expired. The number of H1-B visa holders who have applied for jobs in India is now said to be between 15,000 and 20,000.
"A good number of those who went to the U.S. after 1999-2000 have started returning. U.S. President Barack Obama's posture has probably been one of the triggers. The reluctance to renew H1-B visas has also led to people deciding to return," said Kris Laxmikant, CEO and Chairman of recruitment firm Headhunters India.
"Most of the H1-B visa holders were in the U.S. in consulting capacities. Many companies who made H1-B applications in 2003 are not keen to renew their H1-Bs, thanks to widespread apprehensions of the job pipeline for Americans thinning out. On the whole, there are fewer jobs available in the market," says B S Murthy, Head of Bangalore based Human Capital, a recruitment firm.
According to economists at Goldman Sachs, the U.S. unemployment rate, which was 10 percent in December 2009 from five percent at the start of the recession in December 2007, will peak by the middle of 2011, before dropping back to 10.5 percent by the end of 2011.
"Most of the returnees are in the mid and junior levels, and employed in the IT industry. TeamLease has received around 3,000 NRI CVs so far and placed a significant number of them. Most of them have been placed in permanent jobs. This is an evolving situation, and hence, it is difficult to know the exact number of CVs received by Indian recruitment firms so far," said Ashok Reddy, Managing Director, Teamlease Staffing Solutions.
Calendar 2010 is expected to create around 50,000 fresh IT/ITeS jobs in India. A 15 per cent increment in hiring volumes, primarily in IT services, is expected in the first two quarters of 2010, while growth could cross 20 per cent or double towards the third and fourth quarters.
Reader's comments (33)
1: This is a good development because of the
fresh perspective that these returnees will
bring. Much of the new thinking in India has
been contributed by returning NRIs - Mahatma
Gandhi, JL Nehru, Indira Gandhi, Rajiv
Gandhi, P. Chidambaram, Manmohan Singh are
all NRI's who came back.
Posted by: Amit - 24 Feb, 2010
2: Indian HRs are smart enuf to judge the NRIs
STABILITY in the job .. lets see.
And i can say that a 5 yr exp NRI can not compete with a fresher/0-2 yr exp guy in india.
On the other side if NRIs are said to be more talented than later, i guess they would start some companies rather than lookin for a job.
And i can say that a 5 yr exp NRI can not compete with a fresher/0-2 yr exp guy in india.
On the other side if NRIs are said to be more talented than later, i guess they would start some companies rather than lookin for a job.
Posted by: pa1 - 08 Feb, 2010
3: Obama needs to do a uganda like thing to
these Not required indians / H1B Thokies ,
etc ,etc.Scrap their visas and ship these
guys out in the next boat.
The Indian IT mafia is really asking for a beating in the US .Its high time the Americans take up the Aussie way and kick these guys out.
The Indian IT mafia is really asking for a beating in the US .Its high time the Americans take up the Aussie way and kick these guys out.
Posted by: shobit - 07 Feb, 2010
4: Life in USA is miserable because of Indian
companies not the Americancomapies the
Indiansstarting firms there promise green
card and give the least pay and make your
life miserable. So it is the Indian frog
mentality that is a bane for Indians only God
canhelp Indians in this situation some lucky
frogs escape out of the well and get a life
of their own and make their dreams come true
and the other frogs who are in the well dream
to come out and never make it and end up in
discussion boards and sometimes I peep into
the well to give some advice.
Posted by: dennis - 06 Feb, 2010
5: Hi ,
Life is not so easy in abroad, any how we are responsible for the growth of Indian economy,the people of India should start respecting NRI,s and we are recognized in abroad as Indians .
with regards
Satish
Dubai- UAE
Life is not so easy in abroad, any how we are responsible for the growth of Indian economy,the people of India should start respecting NRI,s and we are recognized in abroad as Indians .
with regards
Satish
Dubai- UAE
Posted by: satish - 05 Feb, 2010
7: I am living in U.S. and I know the exact
situation. The fact is that no one is coming
back on his/her own. It's all about Omaba's
new hidden rules/policies which is kicking
out all Indians out from United states.Really
This president is kicking out each and every
Indian in every possible way.Indian
government should learn from American
politicians as how they work for their people
and country.
Posted by: san - 05 Feb, 2010
8:Why indian goverment should learn.you people
take education in india and four few money
settaled in USA.Now you people plan to back
india when omaba kick you.you people is going
to create problem for those who just start
there carrer.you people are not with
india.after some time when situation will
ok,then return USA for few money
kumar replied to: san
post - 05 Feb, 2010
post - 05 Feb, 2010
9: Hello Kumar,
I am afraid to say this but if we the best stay in India then the opportunity for the rest is a threat. India is a country where despite such a growth, Unemployment rate is high and just imagine NRI's getting back would just add to this. We learn technology and always look back at our country as a place to imliment those. U cant hurt our sentiments.
Regards,
Rao
I am afraid to say this but if we the best stay in India then the opportunity for the rest is a threat. India is a country where despite such a growth, Unemployment rate is high and just imagine NRI's getting back would just add to this. We learn technology and always look back at our country as a place to imliment those. U cant hurt our sentiments.
Regards,
Rao
Rao replied to: kumar
post - 07 Feb, 2010
post - 07 Feb, 2010
10: Hi Kumar,
This is interesting article and I would like to participate.
Why people are coming out of country?
Because of below reason.
1) Money
2) Good life style and exposure.
3) To learn new technologies and to make themselves in a better position
4) Do something different from regular Indian life.
5) etc...
Why coming back to India.
1) Good Indian life (even though less salary)
2) Job loss situations in Overseas.
3) To accommodate the elderly parents.
4) To provide the good education for kid as per indian standards.
5) For peaceful retirements.
6) Many other reason.
Whether you are in India or in Overseas you should look back how much you have progressed in last few years. If you feel it is not enough then you should accelerate the process by doing some study or learning new things or getting right experience in right area.
If you get the opportunity can you go to other country or not?. Most of the 99% say yes. Because even though we all are working outside India, our thoughts will be in India.
This is competitive world and where ever you are, it is going to be in big competitive life to survive well in this world it is not because of NRI or anyone else.
Hope you will understand the situation clearly instead of affecting other’s feeling.
In India there are millions of engineers and graduated coming out of college every year, If no one go outside then how India can provide jobs to all of them.
This is interesting article and I would like to participate.
Why people are coming out of country?
Because of below reason.
1) Money
2) Good life style and exposure.
3) To learn new technologies and to make themselves in a better position
4) Do something different from regular Indian life.
5) etc...
Why coming back to India.
1) Good Indian life (even though less salary)
2) Job loss situations in Overseas.
3) To accommodate the elderly parents.
4) To provide the good education for kid as per indian standards.
5) For peaceful retirements.
6) Many other reason.
Whether you are in India or in Overseas you should look back how much you have progressed in last few years. If you feel it is not enough then you should accelerate the process by doing some study or learning new things or getting right experience in right area.
If you get the opportunity can you go to other country or not?. Most of the 99% say yes. Because even though we all are working outside India, our thoughts will be in India.
This is competitive world and where ever you are, it is going to be in big competitive life to survive well in this world it is not because of NRI or anyone else.
Hope you will understand the situation clearly instead of affecting other’s feeling.
In India there are millions of engineers and graduated coming out of college every year, If no one go outside then how India can provide jobs to all of them.
kamalakkannan replied to: kumar
post - 05 Feb, 2010
post - 05 Feb, 2010
11: Well said kannan well said and one more thing
I need to bring it your notice people in
india are thinking that because of IT guys
cost of Living have raised to peak in metro
cities like Bangalore,Chennai and Mumbai.This
not completly acceptable.IT people earning
more salaries in their filed because of smart
and hard work behind that simply no body will
pay you for the lesser work.Even
cinemotographers,actors,acress are earning
huge money as income no body raise question
on them Similarly politicians,Goverment
servernts earning huge incom known and
unknown.....but the ultimate target for the
common man are IT guys...What sin we have
done.
Viswa replied to: kamalakkannan
post - 06 Feb, 2010
post - 06 Feb, 2010
12: IT guys are paid high salaries for "smart and
hard work " . Boss is grinding in the office
for 12 hr a day , copy pasting code in
java/vb your definition of smart / hard work
? Man you are pathetic.Have u not seen infy
and tc chaps are crying all over the net
about the " high quality " of work they are
given to do by the company.
Rohan replied to: Viswa
post - 07 Feb, 2010
post - 07 Feb, 2010
13: Hi Kumar...all thoz who study in India cannot
be employed in India-there aren't that many
job opportunities. Just because a person
leaves his country to earn abroad doesn't
mean he should be held responsible for this
problem. Also India has gained such a gud
name because of the performance of NRIs
worldwide (though this is not the sole
reason). Also Cash inflow to India is high
because of the large NRI population. By the
way if u think earning money outside India is
very easy, it is not so. When one can jump
companies for a better career, there is
nothing wrong in jumping countries. I am not
trying to prove u wrong but telling u to see
the whole picture b4 u comment. VJ...Indian
in UAE
Vijay (VJ) replied to: kumar
post - 05 Feb, 2010
post - 05 Feb, 2010
14: Well let us not compare India with USA just
because the later is going through tough
times. India is some 100 yrs behind USA. Even
though USA is going through tough times, it
is feeding more than 70% of the IT/ITES
industry of India. All this is because of the
brand image of India created by these hard
working risk taker NRIs. As Bill Gates often
say, the difference between a good software
engineer and average software engineer is
10,000 times, so is the difference between an
engineer in India and the NRIs who lived
abroad for 10 yrs. It is unfortunate that
India is not able to accommodate these people
quickly because of strategic problems in
India. It is unrealistic for India to think
that a brain gain has started whereby the
Indian system is strategically designed to
throw the best and talented out of the
country. Also I take pity on the young
generation commenter's, that they are more
concerned about their job security than
having life time experience of working with
such talented people.
I hope somebody in government will read this comment and get a lesson out of it.
I hope somebody in government will read this comment and get a lesson out of it.
Posted by: biju - 05 Feb, 2010
15:nice reply Mr. Biju. Very true.
VJ...Indian in UAE
VJ...Indian in UAE
Vijay (VJ) replied to: biju
post - 05 Feb, 2010
post - 05 Feb, 2010
16:Biju,
I, 100 or even 1000% agree with you-difference between India and US is more than 100yrs I feel.Media in India hypes Indian image unnecessarily.India has only one advantage-low cost and 'only few' good English speaking people .It is the nation with one of the 'worst' work cultures, i would say worst than even Middle East.
One more thing-people in India shouldn't compare with any of the developed nations be it US, Canada, UK, EU or even UAE! God knows when India will wake up from it's 'attitude' culture.
I, 100 or even 1000% agree with you-difference between India and US is more than 100yrs I feel.Media in India hypes Indian image unnecessarily.India has only one advantage-low cost and 'only few' good English speaking people .It is the nation with one of the 'worst' work cultures, i would say worst than even Middle East.
One more thing-people in India shouldn't compare with any of the developed nations be it US, Canada, UK, EU or even UAE! God knows when India will wake up from it's 'attitude' culture.
Rohit replied to: biju
post - 05 Feb, 2010
post - 05 Feb, 2010
17: Hi Rohit,
I fully agree with you .. the hype made by media makes people think that India is going to be more developed than America .. forget America, EU .. Asian countries like China, South Korea and Japan are far too developed than India and I am telling this with my personal experience ...
So this kind of "Pseudo" developed attitude/feeling need to be change and when we actually start accepting that we are not so developed and we need to develop only then we will really develop.
Jai Hind ..
I fully agree with you .. the hype made by media makes people think that India is going to be more developed than America .. forget America, EU .. Asian countries like China, South Korea and Japan are far too developed than India and I am telling this with my personal experience ...
So this kind of "Pseudo" developed attitude/feeling need to be change and when we actually start accepting that we are not so developed and we need to develop only then we will really develop.
Jai Hind ..
Anuj replied to: Rohit
post - 05 Feb, 2010
post - 05 Feb, 2010
18:Hi Biju,
I understand your sentiments, but what you have written is just illusion, it is what you want to believe, but that is not the reality.
I have worked in US for 3 years in IT and I have rarely seen any talented and/or hardworking NRIs in IT. Please understand that I am not point out you, but in general quality of Indian IT people in USA (especially H1 consultants) is very ordinary. People going US to work in IT is purely luck and networking, talent is not the main reason.
If you just want to market NRIs then I do not want to debate, but if you really believe what you have written then I just want to draw your attention that you have very wrong impression or you have big misunderstanding.
I understand your sentiments, but what you have written is just illusion, it is what you want to believe, but that is not the reality.
I have worked in US for 3 years in IT and I have rarely seen any talented and/or hardworking NRIs in IT. Please understand that I am not point out you, but in general quality of Indian IT people in USA (especially H1 consultants) is very ordinary. People going US to work in IT is purely luck and networking, talent is not the main reason.
If you just want to market NRIs then I do not want to debate, but if you really believe what you have written then I just want to draw your attention that you have very wrong impression or you have big misunderstanding.
Tushar replied to: biju
post - 05 Feb, 2010
post - 05 Feb, 2010
19: Yes I agree it.....
Going on-Site is purely on Luck not with talent.....
Going on-Site is purely on Luck not with talent.....
Anj replied to: Tushar
post - 07 Feb, 2010
post - 07 Feb, 2010
20: so what they are coming back to their
earstwhile home. their US dream is over now.
Posted by: anand - 05 Feb, 2010
21: S a a le y k u t t e wapas aya rahey hai....
Posted by: harjeet - 05 Feb, 2010
22:Haan.. tum jaise suwaro ko laat marne ke
liye.. hahahahah
Jeethijeet replied to: harjeet
post - 08 Feb, 2010
post - 08 Feb, 2010
23:U idiot .. india aap kaa baap kaa country
aaa... NRIs generated millions of $ for
indian econamy..
Indian replied to: harjeet
post - 05 Feb, 2010
post - 05 Feb, 2010
24: S a le y Indian india mera baap ka country
hai... I am a Indian from US you fo ol...
Harjeet replied to: Indian
post - 05 Feb, 2010
post - 05 Feb, 2010
25: shut ur bloody mouth u ass.. dont talk with
half knowledge saale.. shed dhimaak gaaa
Indian replied to: Harjeet
post - 22 Feb, 2010
post - 22 Feb, 2010
26:You are jealous,because you couldn't make
it....gadhaa
Santa replied to: harjeet
post - 05 Feb, 2010
post - 05 Feb, 2010
27: HI HARJEET
PLEASE SEND ME YOUR CV ON VINAYAK.SESHADRI@GMAIL.COM
I WILL DO MY BEST TO GET YOU A GOOD POSITION IN INDIA.
YOU ARE AN INDIAN AT HEART AND ARE MOST WELCOME BACK HOME..WE NEED YOU..AAP DESH KEE SHAAN HO
REGARDS
VINAYAK SESHADRI
PLEASE SEND ME YOUR CV ON VINAYAK.SESHADRI@GMAIL.COM
I WILL DO MY BEST TO GET YOU A GOOD POSITION IN INDIA.
YOU ARE AN INDIAN AT HEART AND ARE MOST WELCOME BACK HOME..WE NEED YOU..AAP DESH KEE SHAAN HO
REGARDS
VINAYAK SESHADRI
VINAYAK SESHADRI replied to: Santa
post - 05 Feb, 2010
post - 05 Feb, 2010
28: this is sad. they should stay bk in those
great foreign companies
Posted by: hamida - 05 Feb, 2010
29:What could be concluded from this message?
You were one of those who never got a chance
to get a project in one of those great
foreign countries or you are feeling the heat
of more healthy competition in India to get a
job.
I believe they took the right decision to work outside when the market was good and they were on high demand outside India. Now in this financial crunch they have all rights to come back and try to find the suitable job as per their experience and expertise.
We should not forget at any point that these NRI's are the ones who made Indian market to compete with the outside world. The foreign exchange that has been sent back to India by these people has a great role to play in the whole development of our country. They proved to the world that we are the best in IT and no one else should even dare to step in this field. We would be the ones who will be the driving force for the whole world at least in IT.
I hope every one of us will take it with a positive approach and forget about the internal grudge we have for NRI's and in the end I would say, we should work together and make our country to reach at that level where no one else even dreamt of in his or her wildest of their dreams.
I believe they took the right decision to work outside when the market was good and they were on high demand outside India. Now in this financial crunch they have all rights to come back and try to find the suitable job as per their experience and expertise.
We should not forget at any point that these NRI's are the ones who made Indian market to compete with the outside world. The foreign exchange that has been sent back to India by these people has a great role to play in the whole development of our country. They proved to the world that we are the best in IT and no one else should even dare to step in this field. We would be the ones who will be the driving force for the whole world at least in IT.
I hope every one of us will take it with a positive approach and forget about the internal grudge we have for NRI's and in the end I would say, we should work together and make our country to reach at that level where no one else even dreamt of in his or her wildest of their dreams.
Rajan Malhotra replied to: hamida
post - 05 Feb, 2010
post - 05 Feb, 2010
30:Hi Hamida
This is the best feedback and I agree with you.
Rekha
This is the best feedback and I agree with you.
Rekha
Rekha Bangalore replied to: hamida
post - 05 Feb, 2010
post - 05 Feb, 2010
31: One think people often neglect is NRI's kids.
Its not only about job. Just take a
statistics of married NRI's and thier kids.
They are ready to start in Kindergarden but
education system is incredibly good in
india.. So time has come to move back and
start a good foundation for kids. I have seen
most of the people who are returning are
leaving this reason... me tooo...
Vinay replied to: Rekha Bangalore
post - 05 Feb, 2010
post - 05 Feb, 2010
32: Hi Rekha ,
Life is not easy in abroad, any how we are responsible for the growth of Indian economy,the people of India should start respecting NRI,s and we are recognized in abroad as Indians .
please keep in touch with below mentioned email if you have any views to exchange regarding the same
with regards
Satish
Dubai- UAE
satish.hakladi@gmail.com
Life is not easy in abroad, any how we are responsible for the growth of Indian economy,the people of India should start respecting NRI,s and we are recognized in abroad as Indians .
please keep in touch with below mentioned email if you have any views to exchange regarding the same
with regards
Satish
Dubai- UAE
satish.hakladi@gmail.com
Satish replied to: Vinay
post - 05 Feb, 2010
post - 05 Feb, 2010
33: Hi,
It is next to impossible to make these people who live in India about the hardships which we face every day here abroad. They only see our greener side & start arguing. Let them come once out of the home country & then only they will be able to understand the clear picture.
It is next to impossible to make these people who live in India about the hardships which we face every day here abroad. They only see our greener side & start arguing. Let them come once out of the home country & then only they will be able to understand the clear picture.
Ishtiaq Ahmed Choudhry - Riyadh , Saudi Arabia replied to: Satish
post - 06 Feb, 2010
post - 06 Feb, 2010
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