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Old 31.03.2014, 10:45
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Re: Credit Suisse hires Indian IT staff!

I am not sure if I am a bit too idealistic, but frankly: Several of my largest clients are banks and financial institutions. All of them have outsourced a lot of their IT, so I have a lot of phone conferences with India as well as higher level discussions with the middle management of the banks. Yes, every banker keeps an eye on his KPIs and bonus. However, I have never met a brain dead zombie as unprofessional and selfish as you described them. While many of those managers do things I do not agree to from my purely logical externals' view are they far more often driven by some politics and positioning games for the next best job than their short term bonus.

I guess it boils down to the world being neither as good as I described it nor as bad as you did...
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Old 31.03.2014, 21:40
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Re: Credit Suisse hires Indian IT staff!

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I think it is ethical - but completely idiotic to do so: If you have a senior who is generating a multiple of his salary by being a good coach... that's not the sort of people a consultancy would ever fire... in the case that the juniors really grow so fast - either assign the senior to a new project with new juniors or assign the now-not-juniors-anymore guys to a new project and get the senior some new kids. Trust me - an experienced guy with a talent to coach is worth a lot to any consultancy. They don't get fired if they cost some thousands more as long as they rake in money for their employer.
What you have mentioned above is actually true for consultancies. I have seen them doing exactly what you said and it makes sense. But I was actually referring to end client doing this practice. The main reason that is being mentioned is that the local contractors (even employees) are too expensive so the goal is to send the contract work either to India or give it other existing employees of the company who are working in other countries.

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I cannot comment if this never happens, but it would be an idiotic idea: I am running a consultancy. If I was running an Indian one and Credit Suisse was my account would I do everything in my power to keep it that way... giving them substandard people till they cancel the contract does not sound like a sustainable business idea... sure, you might be able to somehow make good money for a couple of months, but then you lost your reputation. Given the size of Zurichs banking IT network and job market not only in CS but you'll have a hard time ever landing a contract with a major bank again. You'd probably need to rename and reinvent your company... no doubt will there be black sheep in the market, but if that's what they are doing will they not be in the market for long...
What I have seen with these Indian consultancies is that they have a small pool of experienced guys and they have to redeploy them to make an impression on their next client. Meanwhile, many of the Juniors from the same team who now have gained some experience by now have left or already looking for better rates. Indian consultancies pay less and its hard for them to retain bright ones. That's what I have seen in my experience so far.
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