Information Technology (IT) Sector

#21
Mr. sudhashbahu, your article is interesting. earlier i worked in IT sector/pvt firm and now i am working in IT dept of Min of defence. why i left the IT sector was there is no job security, work overload. I also felt that within some years IT sector will stabilize and eventually stagnate & the salary will also come down. but now i feel even after the recession it is still going on and some of my friends who are still in IT sector taking salary 5 times more than me. sometime i feel that i took a wrong decision by joining in govt sector. but still i feel the govt sector is very secure & no tension about future.

There may be a dip in salary offered in Pvt IT sector in future because of the competition but still i feel IT sector will going on.
 
#22
Mr. sudhashbahu, your article is interesting. earlier i worked in IT sector/pvt firm and now i am working in IT dept of Min of defence. why i left the IT sector was there is no job security, work overload. I also felt that within some years IT sector will stabilize and eventually stagnate & the salary will also come down. but now i feel even after the recession it is still going on and some of my friends who are still in IT sector taking salary 5 times more than me. sometime i feel that i took a wrong decision by joining in govt sector. but still i feel the govt sector is very secure & no tension about future.

There may be a dip in salary offered in Pvt IT sector in future because of the competition but still i feel IT sector will going on.
Grass always looks greener on the other side :).

Depends on what you want really - job security vs higher salary and so on.
 
#23
Mr. sudhashbahu, your article is interesting. earlier i worked in IT sector/pvt firm and now i am working in IT dept of Min of defence. why i left the IT sector was there is no job security, work overload. I also felt that within some years IT sector will stabilize and eventually stagnate & the salary will also come down. but now i feel even after the recession it is still going on and some of my friends who are still in IT sector taking salary 5 times more than me. sometime i feel that i took a wrong decision by joining in govt sector. but still i feel the govt sector is very secure & no tension about future.

There may be a dip in salary offered in Pvt IT sector in future because of the competition but still i feel IT sector will going on.

I do not see any immediate problems for the IT sector. In fact in the short term, I feel IT sector may do reasonably well.. My pessimistic opinion applies only in the long-term.
 
#25
Is this the beginning of the end?

Infosys visa fraud case set for jury trial in Alabama

Misusing Visa provisions is an open secret in the Indian IT companies:

- Using business visas to work and get around restrictions on work visas
- Fraudulently claiming "Managerial" duties to avail of simpler Blanket L1A route (no longer simple now)
- Claiming Fraudulent and /or Inflated skills
- Subverting the process for Labour Approval (Does anyone really believe that some software skill is not available in the US and an Indian needs to go there? :))
- Quoting higher salary in the visa application while actually paying less to the employee
- Processing Labour Approval for a state where it is easier to get and then sending the employee to work at another state without processing Labour Approval for the other state
- Paying "stipend" or working expenses instead of salary. Company projects a salary, files taxes and keeps the tax refunds.

I am sure the authorities knew all of this and chose to look the other way when the going was good. Now with the economy going down and unemployment going up, the back-lash has started. Currently L1A (managerial) visa rejection rates for people less than 10 years experience are close to 100%. Claiming specialized skills (L1B) visas have 100% rejection rates. H1B visa rejection rates are climbing. They are now above 40%.

I have no doubt that the guy suing Infosys is saying the truth. It remains to be seen how he will prove it tough.

Surely a sign of things to come.
 
#26
Infosys

Infosys will take time to get out of the mess they have created for themselves. Though I believe that the stock is a good buy for the long term, the short term scenario is uncertain. The main difference between TCS & Infosys is that because of its conservative policies unlike TCS, Infosys has done little to capture clients. Also whatever existing clients it had it has lost out to rivals because of its "arrogance" according to a Gartner report.
 
#27
Tcs

Though expensively priced at the moment, TCS has a goodwill that is rare for an Indian company among overseas clients translating to offshore investors & FIIs. This coupled with consistent earnings & good management has made the company a valued stock. Also unlike, Infosys it is not so heavily dependent on discretionary expenditure, so it is on a more stable ground
 
#29
Indian IT companies are never going to see the growth rates of the "good old days" again.

The current fall in the Rupee will give some respite, but the future will be single digit growth.
 
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