IT - 2017

Ever since Donald Trump got elected as US president, there has been sudden downtrend seen in the IT sector as far as India is concerned. The IT recruitment for laterals has seen a huge drop. New opportunities are not seen and new projects are not coming up. New investments are not happening. Existing projects are getting decommissioned. Ever since we saw the 2008 recession, 2017 has been a much more impacted one but not publicized. Clients are expecting to cut down costs and are requiring lots of value added services for the costs incurred. Non performers are getting ousted. Freshers are expected to replace laterals and even lateral hires are paid less. The hike that the industry expects while lateral hiring is not happening. Even for those who have been continuing with the same organization is seeing less hike per year. The industry's future looks gloomy as most of the college students are skipping Engg. and seeking other studies. Onsite opportunities are getting less and people are sent back to India.


Although the Indian PM had visited US, nothing has happened financially to improve investments. The IT companies are still posting good numbers, but it is at the cost of new opportunities. Companies have started to be conservative in hiring as they have begun to focus on hiring contractors for short term than inviting long term employees. In an Indian perspective it is like a Use-and-Throw policy but it has been the case and functioning style in the US. 2017 has been one of the worst markets in the last decade. This is likely to continue next year as well. With Europe not in a good shape over the last few years, we are largely dependent on the US. However US's harsh curb on the economic policies have affected our business outlook. Huge competition is seen within the IT giants of India to get hold of new businesses from the US. The future definitely looks unstable. The employees are expected to be at their best and deliver good results to retain their place. Due to this downtrend the companies are expected to extract work from employees like machines by asking them to work for over 9 hours per day. These organization will now be result oriented and the employee policies are expected to be buried. Managers will have an eye on their employees throughout the day expecting everyday results. Automation will be the new trend which will replace manual effort thereby resulting in few workers delivering results. Automation testing is likely to make huge impact to save time and money. 

Development time allocated will be limited. Charge/hour of employees will be reduced. DEV folks might be encouraged to take up testing/PROD support activities. DEV folks are likely to be put into reporting and testing after DEV is complete. No more the luxury of the workers to choose projects and technology will exist. People should be able to shift technologies or learn new tools. Employees should be on their heels. The condition being like this, we only hope the situation to turn around favoring US to be in good terms with India. We believe things will be change if not in the near term, helping us to be a good business partner for the US. We expect to return to the likes of 2009-10 where the business flourished. We hope for the best.

Comments

Post a Comment

Popular posts from this blog

Nothing Lasts Forever

Even the mighty sun’s time is limited During the night, it goes unspotted Sometimes, Success seems not to be permitted And your presence, for people, is not mattered Your past always run fast The last achievement you did, fastly gets lost What really exists, is your present It is the truth, the current Do you’ve in your store, anything new Is what is required, even if it is very few Mind the saying, “Do the Dew” Never lose interest, even if there’s no Crew May always trouble come to you So that life’ll not be boring Many tensions / failures accompany thou So that the fire in you keep on burning Don’t forget, the moon doesn’t exist in the noon All your ambitions will come true soon Failures will reach the end, after itz spell gets over Then there’ll be a makeover… Cheer up, nothing lasts forever…… 
Read more

Why So Serious, Huh ?

Of course the outside world is challenging. It is evolving every minute and we have to adapt to it at the right time. We have to be making continuous progress. We are often held up and occupied with tasks. We don’t have time for others. The fear of getting left behind has groped us. Whole day we reflect the issues we face or about to face at work. We are completely immersed into an ocean of problems before even they reach us. We forget our identity and play someone else. We portray an altogether new human which is nowhere close to ourselves. In that process we forget our true selves and don’t live life to the fullest. The very reason for this is the world and the platform which has gone increasingly challenging. People with similar or more knowledge and skills are out there – out to demolish us and we are caught in a vicious circle of survival. We are merely focused towards hanging on – to survive – to let the time move. Relationships - especially people management tactics have g
Read more

Forever Young

In this fast moving world, no one has time for others. People are not even concerned about others’ issues. They are selfish and focus only on the benefits that they need. Due to the advancement in technology, although the world has shrunk and brought people closer, it hasn’t been fully utilized that way. The more people have been brought closer the more they are separated far apart. We don’t even care to know who sits next to us in office. This has become a virtual world. The No-Care attitude has cropped up in us. We have even got to the stage of ignoring our good friends. We don’t have time to participate in our friends’ events. We don’t have time to answer their texts and calls. We have come up with a firewall against the closer world and reduced our communications and relationships. Sympathy, Care, Love, Friendship – these became the qualities of the past. We are only focused on generating income and build our future on that. Thus man, using all of his senses has started to become
Read more