IT Jobs: U.S. Tech Industry Likely to Lose Thousands of Experienced IT Professionals to India
Over 50% Indian IT Professionals Plan to Return to India
ASHBURN, Va., May 3, 2011
ASHBURN, Va., May 3, 2011 /PRNewswire/ — U.S. companies might face a brain drain as thousands of Indian IT professionals contemplate returning to their homeland according to a new survey conducted by Corp-Corp.com, one of the fast-growing U.S.-based technology job portals. They conducted a survey recently among the Indian IT professionals in the U.S. about returning to India trends.
"The results are very important for American businesses because they may face challenges in filling the gap of these resources," said Prabakaran Murugaiah, CEO of Corp-Corp.com. "Businesses cannot replace an experienced workforce overnight."
Over 1,000 responses were received and the results reveal that almost half of the IT professionals of Indian origin are planning to return to India. 50% of the people who responded said that they will be returning to India soon, while 6.4% of them have already returned to India. The survey participants include permanent residents, citizens and visa holders. The survey results show 69% of visa holders and over 57% permanent residents or citizens intend to return to India.
The primary reason (51%) for the return to India is to rejoin their family members. 26% said that better opportunities in India are the reason for their return. Only 3% said they are returning due to job loss, which is consistent with low unemployment of around 6% in the IT sector. Around 10% are planning their return as they believe their kids will get a better education in India.
There are about 2 million Indians living in the U.S. and many of them hold bachelor or higher degrees. A large percentage of Ph.D. holders are Indians. Approximately 60% of Indians are in management or professional occupations.
"Many of the returning Indians have aged parents back home to take care of. Also, recent economic growth in India has fueled many opportunities, which has led many to think about heading back. In addition to that, many US companies are opening their offices in India and hiring more to target the growing market in Asia. There may be some challenges in filling the gap of these resources, however, there are 6 million IT professionals working in the U.S., a proper transition plan may offset the draining resources quickly," says Murugaiah.
Detailed statistics can be found at http://www.corp-corp.com/blog/return-to-india-survey/
Corp-Corp.com is an online marketplace to find IT Consultants and post IT Contract Requirements. It helps IT Staffing Companies find and share resources quickly and efficiently. The company provides access to the best IT jobs for software engineers, including, programming, software development, system administration and mobile development jobs.
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