By Kavita Chandran
BANGALORE (Reuters) -- India continues to hire and train for its growing information technology industry, but a talent shortage is forcing it to look overseas.
"We're hiring from campuses in the U.S. and Europe where we can hire people from the local environment," said Suresh Senapaty, Wipro Ltd (WIPR.BO: Quote, Profile, Research, Stock Buzz) CFO at a television interview during the Reuters India Investment Summit in Bangalore on Friday.
"We get them to Wipro, get them to India, get them to understand senior leadership and do the packaged induction program," he said, adding that they go back after a two-week program.
Supplemental hiring, or hiring employees in and from America to do jobs offshored to India from the U.S., is becoming an option for a lot of Indian companies.
While some companies choose to let these foreign employees work from their respective home base and pay them more than their counterparts to compensate for the cost of living, others relocate them to India with hefty packages.
One of the main reasons for supplemental hiring is to have a diversified global footprint and also make customers comfortable that they are dealing with a local person who understands their needs, said Senapaty.
"We are seeing a reverse trend trickle right now of people around the world wanting to work in India," said S. Gopalakrishnan, Chief Executive of Infosys Ltd. (INFY.BO: Quote, Profile, Research, Stock Buzz), India's second largest software exporter that also runs an internship program for 136 students from universities abroad, including MIT and Stanford.
Hiring from abroad may also mean that companies are looking at various levels of work ethics and professionalism. Continued...
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