In 2015, corporate India has been very active on hiring from overseas both NRI and the expats. The CEOs have been major favorites by the companies who are already international or are aspiring to make their businesses global. However, people with critical skill set too have been in great demand for sunrise ventures as well as for existing businesses. Flipkart hiring the supply chain head from Amazon US is an example for the sunrise industry. Hero MotoCorp hiring the BMW chief of 2 wheelers R&D as CTO and head of R&D Center from Germany is an example of an existing brick & mortar industry.
Aryan HR was commissioned late last year to search for a R&D resource from Turkey for designing tractors of 70 HP and above for European market. The client felt that Turkey has a long history of producing higher HP tractors, has good experience of European markets and the industry is not doing too well in that country at present. It therefore made good sense to look for a resource in Turkey for this position. The search was conducted by Aryan HR (inac) partner in Turkey and finally a short list of two candidates was put up to the client and a Turkish gentlemen was made the offer.
The search revealed that the client was absolutely on dot about the skill set and the industry status in Turkey. However more revealing was that the compensation level was 20-30% lower than India. Indian resource didn’t have the requisite skill but still were higher on cost and the offer could be concluded on a cost slightly lesser than existing resource in Indian companies.
It therefore makes economic sense for Indian companies to look at expats for critical skill category as well as for general management resource. It also improves work habits and standards. A Tier 1 client in Pune has transferred some resource from a company acquired in Austria for design & development and is experiencing jobs getting done at a much higher speed and with little need for rework.
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