Of "pathetic jobs" and lots of money..... Part II
A few months back I had written a post on how IT employees keep cribbing about their jobs Of "pathetic jobs" and lots of money..... in which I had presented some fact on why the IT employees seem to be such a disgruntled lot. Here I continue with the same and try to put some more facts and figures.
Apart from a Trend and The Quest for good work that I had mentioned as the last two reasons, The next most important reasons for which most IT employees vent their displeasure are,
3) Overly qualified :- Most of the people would disagree with me on this but I would still stand by this reason, Most of the IT employees are over-qualified for the kind of jobs they do. As mentioned previously that IT employees keep complaining about the quality of work they are assigned and that most of the work taken up by Indian companies is by any standards second rate compared to an world standard. But that's not the case with the employees, most of the top IT companies hire the cream of the Indian society, so you would see IITian's joining Infosys, Wipro etc and similarly MTech's and other higher degree holders are hired by the big and small companies.
These students come from an environment of stiff competition and utter hard work, but are in for an big shock when they realize that they are supposed to send only technical support mails or make excel sheets for years in the name of working on production support projects. This problem can be taken care simply by better resource management, so that people are allocated work according to their background and aptitude. Most of the IT companies lack good Project Management capabilities with one of the top 6 IT companies given a rating of poor by one of its major clients and this further alleviates the attrition level.
4) Money/Market condition :- Money is one of the most and in most cases the most important reason for which most people work, some work only for the love of it for other's it's a second choice. But whatever may be the case, most of the people would jump ship for money at least once a lifetime.
Now, consider the scenario where there is too much of money chasing a commodity which is not so easily available and highly saleable, This is results in what they call in economics as inflation. Now, replace the commodity with a good software engineer and the saleable part with their mobility. That's the crux of the problem with the Indian IT industry, It is passing through one of its best phases of rapid growth and this has resulted in spurt of demand of quality software engineers to very high levels, The top software companies hiring more then 100% of their current strength every year from a high base levels. The engineers can easily comprehend the shortage and bargain for higher and higher pay packages or switch jobs to achieve their objective. Since most of them are highly mobile, ready to move on the word go to any part of the world it becomes very difficult to retain good talent.
Apart from a Trend and The Quest for good work that I had mentioned as the last two reasons, The next most important reasons for which most IT employees vent their displeasure are,
3) Overly qualified :- Most of the people would disagree with me on this but I would still stand by this reason, Most of the IT employees are over-qualified for the kind of jobs they do. As mentioned previously that IT employees keep complaining about the quality of work they are assigned and that most of the work taken up by Indian companies is by any standards second rate compared to an world standard. But that's not the case with the employees, most of the top IT companies hire the cream of the Indian society, so you would see IITian's joining Infosys, Wipro etc and similarly MTech's and other higher degree holders are hired by the big and small companies.
These students come from an environment of stiff competition and utter hard work, but are in for an big shock when they realize that they are supposed to send only technical support mails or make excel sheets for years in the name of working on production support projects. This problem can be taken care simply by better resource management, so that people are allocated work according to their background and aptitude. Most of the IT companies lack good Project Management capabilities with one of the top 6 IT companies given a rating of poor by one of its major clients and this further alleviates the attrition level.
4) Money/Market condition :- Money is one of the most and in most cases the most important reason for which most people work, some work only for the love of it for other's it's a second choice. But whatever may be the case, most of the people would jump ship for money at least once a lifetime.
Now, consider the scenario where there is too much of money chasing a commodity which is not so easily available and highly saleable, This is results in what they call in economics as inflation. Now, replace the commodity with a good software engineer and the saleable part with their mobility. That's the crux of the problem with the Indian IT industry, It is passing through one of its best phases of rapid growth and this has resulted in spurt of demand of quality software engineers to very high levels, The top software companies hiring more then 100% of their current strength every year from a high base levels. The engineers can easily comprehend the shortage and bargain for higher and higher pay packages or switch jobs to achieve their objective. Since most of them are highly mobile, ready to move on the word go to any part of the world it becomes very difficult to retain good talent.
posted by As If at
12:22 pm
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