With the dollar losing value, the outsourcing industry is bound to suffer some setbacks. The bigwigs of the Indian outsourcing industry however, are still harboring hopes of an improvement in this situation unlike the foreign clients who are playing safe.
Foreign investors are looking for ways in which they can maximize the rupee by exploring avenues in which they can make work conditions better for employees. The banking, financial services and insurance firms are major contributors to Indian revenue and the financial disorder the US economy is facing poses a challenge to most companies in this sector.
The main sufferers of the dollar decline are the small and mid-size companies who are still in the growing phase. The talent crunch in India is not doing much for these firms either. The education system is held to be the focal point of all the unemployment problems India is facing. The Indian education system might be churning out graduates in multitudes, but their suitability for a high paying job in any sector is dubitable.
The education system in India focuses largely on book knowledge. What it needs to pay attention to are soft skills, an emphasis on communication, inclusion of international education methods, and a lot of other extensive knowledge.
This is also the main reason why organizations are increasingly tying up with institutes and training companies to hone the inherent skills of the average graduate. A lot of money goes into such ventures. If the Indian education system wakes up to this issue, it could result in saving up on a lot of resources and time. Organizations could utilize the saved money on employee benefits, better company infrastructure, and higher salaries.
At Cosmos Consultings, we keep a close watch on the global economy situation. Our consulting services and plans help an organization streamline its resources and help align them with business objectives. We partner with some of the best organizations and firms in sectors like IT, BPO, KPO, telecom, education, hospitality, etc.
Visit us at www.cosmosconsultings.com to know more.
Foreign investors are looking for ways in which they can maximize the rupee by exploring avenues in which they can make work conditions better for employees. The banking, financial services and insurance firms are major contributors to Indian revenue and the financial disorder the US economy is facing poses a challenge to most companies in this sector.
The main sufferers of the dollar decline are the small and mid-size companies who are still in the growing phase. The talent crunch in India is not doing much for these firms either. The education system is held to be the focal point of all the unemployment problems India is facing. The Indian education system might be churning out graduates in multitudes, but their suitability for a high paying job in any sector is dubitable.
The education system in India focuses largely on book knowledge. What it needs to pay attention to are soft skills, an emphasis on communication, inclusion of international education methods, and a lot of other extensive knowledge.
This is also the main reason why organizations are increasingly tying up with institutes and training companies to hone the inherent skills of the average graduate. A lot of money goes into such ventures. If the Indian education system wakes up to this issue, it could result in saving up on a lot of resources and time. Organizations could utilize the saved money on employee benefits, better company infrastructure, and higher salaries.
At Cosmos Consultings, we keep a close watch on the global economy situation. Our consulting services and plans help an organization streamline its resources and help align them with business objectives. We partner with some of the best organizations and firms in sectors like IT, BPO, KPO, telecom, education, hospitality, etc.
Visit us at www.cosmosconsultings.com to know more.