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Wednesday, September 20, 2006

Reverse talent drain – this time, from the Gulf

Gone are the days when Indians were considered suckers for accepting low-paying jobs. A report by GulfTalent.com, an online recruitment firm based out of Dubai, claims that many workers were leaving the Gulf region as the soaring inflation rate had reduced their savings potential (of course, migration into the area, particularly to Dubai, continues unabated). This labour crunch is now forcing companies to scout for talent – and at times, they are even willing to take in fresh graduates, and workers from China and Malaysia. The prevailing situation is also reducing the “pay gap” between Indians and their Arab and Western counterparts in the Gulf. What else is driving the salary hikes?

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Source :
IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

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