India is witnessing a salary boom, all thanks to the shortage of skilled people in India and in 2007 Asian workers are expected to get the highest pay hikes in the world due to spiraling economic growth and mainly shortage of talent. Real wages are expected to rise sharply in 2007 with a fifty percent increase expected over the previous year.
Shortage of quality workers is affecting the quality of output from India and as a result work subcontracted from American companies is being further outsourced to other countries without the approval of the client in order to counter lack of skilled workers.
The salary boom is caused by the fact that workers are not viewing outsourcing industry as a permanent career option and see that they would be rendered unemployed over the next decade therefore they are asking for more salaries before getting trapped in outsourcing. I think they still can’t forget the scenario of the 30s and 40s which prevailed in India.
Via indiadaily
