The mining industry in India could well face shortage of talent as firms such as Rio Tinto and BHP as well as companies in countries like Indonesia and South Africa are luring India's best mining engineers with fancy packages and perks, thus creating a scarcity of talent. Head hunters are tapping fresh graduates directly from institutes, and engineers with 5-15 years experience from mining companies, luring them with fat packages and perks such as company-funded weekends in cities where their families live. Indian companies that pay less than a third of what foreign firms pay and post engineers in rough, remote areas, are thus facing tough competition for talent.
The problem of talent scarcity is further compounded by the preference of mining engineers to opt for jobs in software firms as they offer better terms, leading to an "alarming" reduction in the number of fresh engineers who choose mining as a profession.
Source: The Economic Times