Comments on: Thinking of Quitting? Know Why Companies Won’t Hire You Back

By: 3 Most Important Things To Consider Before You Quit the Job | JobMob

3 Most Important Things To Consider Before You Quit the Job | JobMob — Tue, 23 Aug 2011 16:01:18 +0000

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By: MissB007

MissB007 — Wed, 04 Mar 2009 15:48:33 +0000

RT @onlineresume Thinking of Quitting? Know Why Companies Won’t Hire You Back http://tinyurl.com/72c5sz

By: ResumeBear

ResumeBear — Wed, 04 Mar 2009 14:48:12 +0000

Thinking of Quitting? Know Why Companies Won’t Hire You Back http://tinyurl.com/72c5sz

By: braga

braga — Thu, 19 Jun 2008 05:31:14 +0000

I am a 2 year experienced IT engineer.

There are lot of indians who are inclined for a US job, but there is a decline in the trend as indian salaries are also increasing. culture is also a big factor.

By: Jacob Share

Jacob Share — Wed, 18 Jun 2008 12:40:57 +0000

Thanks for that description, braga. Where are you in all of this?

Also- in the USA, there are still stories about companies needing more visas to bring in professionals from places like India. On your end, how is that viewed? With the high demand, are people less inclined to leave or is it still seen as a big deal if you can get a sponsored job in the US?

By: braga

braga — Wed, 18 Jun 2008 11:21:33 +0000

The scenario in India is something like this : India has many engineering colleges. but only a faction of the 4 lakh (4,00,000) IT engineers coming out of colleges every year possess the right skills. a graduate from a good college goes to work for high paying MNC like microsoft ,cisco, google etc. the majority however are hired by companies like TCS,Infosys etc at a very nominal rate. these companies put these graduates through rigorous training courses for 6 months and then on projects .
So after two years with these companies the graduate finds his market worth has skyrocketed yet his pay has only gone up , say 30 % of his original pay.

Now the graduate quits the company(TCS) and goes for work in some high paying company. or the company if it sees value in the employee,1.it might send the employee ‘on-site’ where he will earn 10x, or 2. it might hike the employees pay.

This is what leads to rise in pay rates when company chose to retain talent. (apart from rise due to dollar de-preceation vs Indian rupee)

To put things in perspective . The IT giant TCS has 111,000 employees still it hires around fresh 15,000 graduates every year, yearly attrition is around 11-14% ,revenue is $5.4 billion. 20% profit

and in my opinion this pay-rise will continue till the demand-supply equation gets balanced.

By: Jacob Share

Jacob Share — Wed, 18 Jun 2008 10:58:42 +0000

Sounds like what things were like in the West during the Bubble (’96-’00). I know what the news has been saying, but coming from you, there, how long has it felt like this in India? Is the shortage getting worse? I’ve already heard many companies saying that the cost of outsourcing to India has already risen significantly but I personally think that the industry has simply matured.

By: braga

braga — Wed, 18 Jun 2008 08:41:24 +0000

Actually no . companies actively go after their ex-employees. this is because the demand for talent is so huge that the employee can choose from many lucrative jobs. Whether the employee wants to work for his old company again depends how competitive their offer is…

By: Jacob Share

Jacob Share — Wed, 18 Jun 2008 08:29:18 +0000

Thanks for jumping in, braga.

If salary inversion is so prevalent, do you see many cases of people leaving with the full intention of returning later?

By: braga

braga — Wed, 18 Jun 2008 08:17:46 +0000

Hi Mr Hoffman,

I find the situation in the indian IT industry quite the opposite – not only are companies re-hiring, they tend to prefer an ex-employee over a new candidate. the reason being that india is facing a talent crunch at mid experience level and an ex-employee is a known factor. good employees are always able to find jobs that pay 2x to 3x more.in fact when an employee comes back the company attributes it to their strong culture.also salary inversion is prevalent in india and hence employees are able to come back to their original position at much higher pay..