Bengaluru: Tech Mahindra wants to increase recruitment in shipping centers in Eastern Europe and Latin America for the next few years to diversify their talent base and provide buffers on war that is happening in India.
“India will only provide 60% of the talent base.
We hope to do 10% of recruitment in Eastern Europe, 15% in Latin America, and 15% in other Asian countries.
We want to expand the talent pool, increase agility to provide some Solution, and closer to clients, “said CP Gurnani, Chief Executive and Managing Director.
Tech Mahindra has more than 126,000 employees.
Most IT service companies now have around 80% or more their employees in India.
The shipping center approaching near-shore has been concerned with all IT service companies over the past five years.
Europe and South America have been very popular because of employee bilingual skills and time zones similar to clients, which makes it easier to collaborate.
Tech Mahindra has a development center in 20 countries, including Poland, Romania, Brazil, Mexico and Columbia.
Peter Bendor Samuel, CEO of IT consulting and research company Everest Group, told toi that the benefits of such strategies tend to far exceed costs.
“I believe that this is a wise decision.
If Tech Mahindra be patient and work through problems.
This clearly diversifies its workforce, providing attractive mainland choices for clients, the risk of operating from the Indian labor market that is increasingly intense, and allows it to match it One of its competitors’ advantages, “he said.
Gurnani compares the current scouting for talent similar to those in the late 1990s, when readiness to start leading Indian companies to go abroad and vice versa.
The IT industry, “in 1996, when Y2K preparedness began, we went internationally for talent; we wanted to bring the same discipline at that time and made Tech Mahindra a very active and strong focal point for talent development.
At that time, we went to Africa South and Australia for mainframes, now we will be global, “Gurnani said.
Diversification will also provide hedges against friction, which in sequence rose 400 basis points to 17% for the end of the ed on June 30.
“You need to budget for friction.
We budgeted 15-16%, revise to 18%, and has begun to see how to minimize risk,” said Gur Nani.
Just like other companies, Tech Mahindra has introduced steps to the friction stem.
Harshvendra Soin, the head of the global leader and head of marketing, said these steps including increases, bonuses specifically for all employees, witchens to be used as and when needed to maintain people, and suspend them and move them in enhanced projects so they get Financial benefits.