India’s Offshoring Ways

After years of benefiting from Western corporations sending outsourced services, it looks like India is returning the favor globally.

A recent McKinsey global survey finds that respondents from India are much likelier (42%, up from 30% last quarter) to say that their new jobs will be in a different country from the corporate headquarters.

The survey suggests this pattern may mirror the growing global footprint of many Indian companies.

The rest of the world, or at least 61% of the executives who rule over its corporate boardrooms, remain pretty much the same in their beliefs that the majority of their hiring will take place in the same country as corporate headquarters.

Yet that could change, as more admit they might be willing to take a hard look at what shifting assessments of efficiencies and costs might do to the bottom line.

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For one, more seem convinced this quarter that new hires working in a different country from headquarters will perform functions identical to those performed at home. Those figures jump to 29% from 23% last quarter.

Overall, however, the global hiring picture remains solid. Most of the business executives show that confidence remains unshaken and executives are hiring.

McKinsey notes that companies’ hiring plans are buoyant, particularly in the developed countries of Asia. India comes in first, with that country expecting at least an 81% increase in hiring, with North America lagging behind with an estimated 46% hiring increase planned for 2007.

Elaine Rigoli has nearly 15 years of experience managing content and community for various B2B and consumer websites. Elaine has written thousands of business and technology articles and has been quoted in The Wall Street Journal and eWeek, among other publications.

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