I got this as a forward through email. This is supposed to be written by a Global IT Manager of an MNC in Bangalore. I can't vouch for the source, but the note is worth reading.
Every day for the last four months I have been hiring. I come to office each day, hassle my recruitment team, agencies and consultancies for resumes, perform interviews, negotiate salaries and make offers.
It's amazing to see how people negotiate for salaries and perks, no one asks anything anymore about what the job entails, what they can contribute, or how they can grow and realize their dreams here. It's about pay, and people are eagerly willing to display unbridled stupidity in managing their careers by focusing incessantly on money.
Heck, the time it takes to finalize an offer nowadays, I could send out an offer letter, go have several children, watch them grow, put them through school and then head back to office, the candidate is likely to have finished negotiating his pay and ready to join.
This is all fine and dandy; it's a hyper-inflationary job market. What's disturbing is the not-so-new trend of IT jobs flying out of India. I hear an 850-seater call center has decided to move out of India due to attrition and increasing costs. Hell, my own company has pushed out 100 jobs out of India into Eastern Europe, and I was part of that decision.
We need to wake up and smell the stink of the decay we are creating all around us in the IT job market.
Year-on-year end people here expect nothing less than 30 to 45% salary increases, where as the average salary hike in the US per year is 3% and Eastern Europe is 4%.
I could go on and on about the quality of the flotsam and jetsam that washes on to my desk in response to job ads, but we all know it. Sometimes it takes as many as 40+ interviews to close one position. Sad part? The bozos still think they are worth it.
At this rate IT India better ensure they have transferable skills, because in a couple of years from now they will not have jobs to feed their money-frenzied lifestyles.
Let's do justice to the lessons the dotcom tried to teach us, what goes up must come down.