In the US, far from taking away US jobs, the Indian companies are actually creating a huge employment. The dismissing US president Barack Obama’s argument that the Indian Information Technology companies are responsible for the rising unemployment. The companies stated that it is the shortage of the talent in the US that the forcing them import talent from India. In the US in the last years, the Indian Information Technology companies have created about 250,000 in the US and many of them are a high paid jobs. The National Association of the Software and Services Companies. The advantage is not just in terms of the cost but it is also in terms of the knowledge base and a large talent pool that is available in Indian. US has a scarcity of the talent base.
In August, the Indian Information Technology companies created 7,000 jobs in the US but the recent protectionist measures the taken by the US such as the professional visa fees. It could hamper such an economic activities. The Infosys employs around 12,000 people in North America, it includes about 1,300 US citizens and permanent residents. The company announced that it is planning to hire 1,000 more US local[ls during the fiscal. The TCS has hired about 1,350 people in the US recently and it is planning to hire more. The Indian Information Technologies companies are citing talent crunch in the US as one of the reasons for importing workforce from India. Because of the cost factors that they do not hire they said that it is wrong. At the present, the salary of the Indian Information Technology professionals is at par with the US especially post recession. They even willing to find the difficult to get the high skills professionals.
For the Information Technology professionals the same concern was expressed by the Cognizant Technology Solution. The company is forced to import Indians on the work visas. The US simply does not have the talent base today. They are planning to to hire more call from the US. The added costs of a higher visa fees if they passed on the US clients, they are also not likely to shift either the secular growth in the outsourcing or it is geographic pattern away from India. The government funded work represents only a small, single-digit percentage of the business of the Indian Information Technologies companies. The business derived just from the banking and financial service firms would still dwarf the lost revenues in magnitude. The Indian software companies pay over $1 billion each year to the US government int he form of the social security for their Indian Information Technology professionals who go for the short term contract in the US.
REFERENCE:
http://businesstoday.intoday.in/story/it-inc-claims-to-create-jobs-in-us/1/9065.html
