New Delhi: There has been an upsurge in
hiring of non-resident Indians and expats by companies in the
country in the past two years, thanks to improved
infrastructure and competitive compensation levels, experts
say.
"In last two years, most of the companies are hiring non
-resident Indians (NRIs) and expats because there is an
increase in demand for such skilled professionals," executive
search firm GlobalHunt India Director Sunil Goel told PTI.
Echoing similar opinion, executive search firm EMA
Partners International Managing Partner - India K Sudarshan
said: "Over the last few years expats are more than happy to
come to India largely because of the fact that Indian
companies are globalising, people now want to be part of the
India growth story and compensation level is very
competitive."
Elaborating the reason behind the surge, Goel said: "Of
late, infrastructure in India has improved a lot. Compensation
levels have become competitive as per the cost of living and
good availability of healthcare and education services are
attracting most NRIs to look back at opportunities in their
own country."
Besides, the slow recovery of western markets has forced
a large pool of NRIs and expats to look for opportunities
outside and here India tops the list. Any positive movement
towards global recovery will give a boost to a company's
operating earnings from India, Goel added.
According to GlobalHunt India those segments which
registered the maximum number of expats hiring include ?
banking and financial services, automobile, infrastructure,
pharma and retail.
The appointment of expats in the automobile space has
increased nearly three-fold, while, in technology centres of
banking and financial services companies, hiring has increased
to five to six times.
Giving details, Goel added hiring in infrastructure
sector has increased 10 times and for pharma and lifesciences
it has increased five times and in the retail and supply chain
space it has risen nearly 40 per cent.
PTI
First Published: Monday, March 22, 2010, 14:13