News: Global crisis forces reverse migration

#Updates

Global crisis forces reverse migration

Experts are of the opinion that given the gloomy global economic scenario and growing unemployment, there is an increase in reverse brain drain by up to 30 percent as compared to the pre-economic crisis period. For Indians planning to relocate to India, the main drivers seem to be the relatively stable economy, at par salary, better value for their skills and a work culture that provides global exposure. As for the domestic companies, it is a win-win situation, as they can have access to talent who have better exposure to technology. Besides having on-board a workforce with a global perspective, the other positive would be in terms of accelerated learning process for the local workforce. Global consultancies with research centers, focusing on dedicated industry practices in India, would be one amongst the beneficiaries, as they can have the option of hiring professionals for their practices in the field of oil, gas, alternate energy etc. For companies willing to expand their businesses or venture into other industries, the reverse brain drain is a welcome sign. 

Experts are of the opinion that given the gloomy global economic scenario and growing unemployment, there is an increase in reverse brain drain by up to 30 percent as compared to the pre-economic crisis period. For Indians planning to relocate to India, the main drivers seem to be the relatively stable economy, at par salary, better value for their skills and a work culture that provides global exposure. As for the domestic companies, it is a win-win situation, as they can have access to talent who have better exposure to technology. Besides having on-board a workforce with a global perspective, the other positive would be in terms of accelerated learning process for the local workforce. Global consultancies with research centers, focusing on dedicated industry practices in India, would be one amongst the beneficiaries, as they can have the option of hiring professionals for their practices in the field of oil, gas, alternate energy etc. For companies willing to expand their businesses or venture into other industries, the reverse brain drain is a welcome sign. 

Topics: #Updates, #Jobs, Talent Acquisition

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