BPOs and Other Jobs in Rajasthan are Complete Unaffected by Economic RecessionApril 18th, 2009 No US, No worry. That has been the mantra of Rajasthan, India.
Software security market growth dips in Asia Pacific: GartnerAugust 13th, 2009 NEW DELHI - The growth of the information technology (IT) security market in Asia Pacific dipped to 28.3 percent in 2008 from 36 percent a year before, a leading global IT industry researcher said in a report released Thursday. "This growth is remarkable considering in the fourth quarter of 2008, global economies began to feel the impact of the credit crunch and the global economic downturn, said IT sector tracker Gartner.
Heavy losses deterring airlines from investing in IT: ReportJuly 1st, 2009 NEW DELHI - Investment in information technology (IT) by airlines the worldover this year is likely to be the lowest since 2002, says SITA, an air transport communication provider. The 2009 Airline IT Trends Survey report by SITA and Airline Business magazine released Wednesday in Cannes, France, has forecast that spend on IT and telecommunications is likely to be just 1.7 percent of airline revenue.
Global outsourcing benefited US firms: NasscomFebruary 26th, 2009 BANGALORE - Indian IT industry body Nasscom has reacted cautiously to US President Barack Obama's remarks on outsourcing, saying global outsourcing had benefited US firms that generate over 50 percent of their business overseas. 'American companies generate more than 50 percent of their business outside the US.
US research firm foresees decline in global IT spendingJanuary 13th, 2009 SAN FRANCISCO - Global purchases of information technology goods and services may decline by three percent in 2009, ending seven years of growth, US research firm Forrester said in its latest report on global IT market outlook
It said global IT purchases by businesses and governments will fall to $1.66 trillion. The decline is a distinct shift from 2008, when global IT purchases increased by eight percent.
Wipro BPO continues hiring ignoring recessionApril 28th, 2009 HYDERABAD - Despite the economic slowdown, Wipro BPO, the business process outsourcing division of IT giant Wipro Technologies, is hiring personnel and expanding its operations globally, a top official said here Tuesday.'For the last six months, we have been hearing depressing news about people losing jobs and companies resorting to cost-cutting measures but we are still looking for people,' Wipro BPO head Ashutosh Vaidya told reporters. The company plans to expand its BPO facility in Hyderabad by recruiting 1,000 to 1,200 people over the next six to eight months, he said.
Intel Announces 1 Billion Indian InvestmentDecember 3rd, 2005 Intel, world's largest chip maker, plans to make an investment of $1 billion for its Indian operations. The firm will spend $800m on boosting its research and development operation, with the rest of the cash being used to finance investment in firms.
Indian IT industry to help in US economic recoveryApril 11th, 2009 WASHINGTON - India's information technology industry should start hiring in the US to help in its economic recovery as the US is always going to be its biggest market, the industry association's head has suggested. The restrictions on H1B visas in the US 'absolutely is a concern,' Pramod Bhasin, president and chief executive of outsourcing firm Genpact and the new chairman of the National Association of Software and Services Companies (Nasscom), said in an interview with Forbes Asia.
vCustomer named among top 100 global outsourcing service providers for 2009March 17th, 2009 NEW DELHI - vCustomer Corporation, a leader in delivering comprehensive customer care and technical support solutions, today announced that it had been recognized as one of the top 100 global service providers for 2009 according to Global Services magazine and neoIT, an outsourcing advisory firm. This list represents companies who have the maturity and capability to lead the next wave of services globalization.
Silicon Valley firms facing biggest slump since 2002: ReportApril 14th, 2009 SAN FRANCISCO - Major companies in the Silicon Valley are suffering the biggest slump since the dot-com bust, further proving that the leading technology hub is not immune from the effects of a global economic meltdown, a new report has said. According to rankings compiled by the San Jose Mercury News, total market capitalisation of Silicon Valley's 150 biggest public companies plunged 32 percent to about $850 billion for the past 12 months ending March 31, the worst decline since 2002.
IT major IBM to enter mobile application segmentJune 17th, 2009 NEW DELHI - Targeting users of business and smart phones, computer services major IBM Wednesday announced a $100-million investment in the mobile services space globally, including India. "IBM is investing to create technology in its labs that brings simple, easy-to-use services to the millions of people who have bypassed the personal computer as their primary method of accessing the Internet, and instead use their mobile devices for conducting financial transactions, entertainment, shopping and more," IBM said in a statement.
Yahoo cashes out of Alibaba.com investment; sale expected to produce $150 million windfallSeptember 14th, 2009 Yahoo sees $150M windfall from Alibaba.com saleSUNNYVALE, Calif. — Yahoo has cashed out of its investment in China's leading e-commerce site, Alibaba.com.
Obama tax move won't affect Indian firms, Murthy to presidentMay 8th, 2009 BANGALORE - Indian IT firms would not be impacted by the tax reform proposal of US President Barak Obama, Infosys Technologies chairman and chief mentor N.R. Narayana Murthy told President Pratibha Devisinh Patil Friday.
Alinghi launches catamarans on Lake Geneva to begin training for America's CupApril 30th, 2009 Alinghi launches 35-foot cats for Cup trainingAmerica's Cup champion Alinghi of Switzerland has launched two 35-foot catamarans on Lake Geneva and will begin training for its showdown with American challenger BMW Oracle Racing next year. American Ed Baird will helm one of the catamarans while Alinghi boss Ernesto Bertarelli, a biotech tycoon with extensive experience sailing multihulls, will steer the other.
SYSTIME strengthens executive leadership teamMarch 12th, 2009 MUMBAI - SYSTIME, a CMS Group Company and the largest Oracle JD Edwards Practices globally, has recently announced the appointment of Indu as Chief Operating Officer (COO). In this position of COO Indu will be responsible for the following functions: Global Delivery and Resource Management, Global HR and Recruitment, Global IT, Global Quality, Training and Workplace Management Group (Administration).
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July 27th, 2009 at 7:13 pm
When you use the phrase “labor shortage” or “skills shortage” you’re speaking in a sentence fragment. What you actually mean to say is: “There is a labor shortage at the salary level I’m willing to pay.” That statement is the correct phrase; the complete sentence, the intellectually honest statement.
If you start raising your wages and improving working conditions, and continue to do so, you’ll solve your “shortage” and will have people lining up around the block to work for you even if you need to have huge piles of steaming manure hand-scooped on a blazing summer afternoon.
Re: Shortage due to retirees: With the majority of retirement accounts down about 50% or more, people entering retirement age are being forced to work well into their sunset years. So, you won’t be getting a worker shortage anytime soon due to retirees exiting the workforce.
Okay, fine. Some specialized jobs require training and/or certification, again, raise your wages and improve benefits! You’ll incentivize people to self-fund their education so that they can enter the industry in a work-ready state. The attractive wages, working conditions and career prospects of technology during the 1980’s and 1990’s was a prime example of people’s willingness to fund their own education.