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considering the average annual income
in India is just $440. Afterall,
companies rushing to outsource are expecting
saving money, at such rate, how much money
are they saving ? BTW, just wonder how much
of the $37 goes to the Indian engineer,
how much goes into the Indian corporates.
<h3>
The figures charged by these companies are net
cost. Now compare that to the net cost-to-company for an engineer in the US.If you think that is the 65,200 mentioned, you must be joking...
Indy_lite wrote:
from: http://www.wired.com
=====================================
Today, a big Indian company like Infosys
charges $138,400 per employee per year for
onsite work, and $65,200 per employee
per year for an offshore job.
Another Indian giant, HCL Technologies,
has an onsite billing rate of $67 per
hour and an offshore billing rate of
$36 per hour.
=====================================
</h3>
What tips do you have for parents who value education?
Short answer: Move to a good district and be good educational role models. I am fairly happy with the education my children are receiving in the Plano (Texas) Independant School District but I am under no illusions that parental influence didn't play a large role. Both their mother and I read constantly and we have always placed the highest value on education and intelligence (and we have both taken courses during the kids lives). And despite the fact we are divorced we have no difficulty being in concert on this topic. In my experience, people who love learning have children who love learning. And of course, people who disrespect learning have children who disrespect learning. This plays out like most things: children see through hypocrisy quickly. Many parents say they want their kids to study and pay attention in school but they don't model it with their own lives. Kids pick up on this. My own personal failure is with picking up and cleaning. ;-) My kids know I am a hypocrite because they have seen my room. ;-) I don't have a lot of success with getting them to make their's neat unless they are having guests over. ;-)
Subject: Re: Cost Date: 8/25/2003 3:29:54 PM
The whole idea of outsourcing is it increases the amount of mark-up a company/corporate can enjoy. For consumers, the difference is not much.
I think the huge mark-up (cost savings) is shared between the American and offshore companies. That is why, in my opinion, the only people who enjoy the fruits of outsourcing are the decisions makers in US, their offshore counter parts and to some extent the country where the jobs go to.
If we go by numbers posted on this thread, the $25K total benefits per employee amount is enough to pay for a top programmer or project manager or ASIC designer in China or India or Philippines.
So Tulsa,OK is not going to be a better option than Bangalore or Shanghai or Manila unless OK has much lower cost healthcare costs than the US average. Also, the average Tulsa home costs way more than the average home in Xiamen or Pune, where an outsourced services firm can tap resources almost as easily as an US firm can tap into Tulsa. Both China and India are building huge, modern telecomm infrastructures that will allow job mobility within their countries. And outsourcing-based companies have a lot more experience linking up resources with market needs - that's their bread and butter, isn't it?
IMO, the high benefit costs are byproducts of our higher standard of living in the US, and should not necessarily be treated in isolation.
The best path forward, IMO, is to be prepared for a cost-of-living (COL)shakedown here, which could be brutal for all of us, including yours truly. But we should continue to learn and innovate like we always have in the past. We're likely to weather this far better than Europe or Japan. That's good enough for the US to continue to remain the leading economy in the world, though maybe not as dominant as now.
The COL shakedown, which is needed sooner rather than later, will probably feature deflation of housing value, deflation of service fees, and/or a serious depreciation of the value of the USD vs. currencies such as the Yuan and the Rupee - unfortunately these are pegged to USD. If they had been pegged to the Euro, for example, we probably would have seen more balance in the outlook already.
Don't know enough about currency markets and social impact of currency appreciation in India and China -would someone knowledgeable care to comment? danke schon!
desikar
-----------------------rjmcmahon wrote---------
The figures charged by these companies are net cost. Now compare that to the net cost-to-company for an engineer in the US.If you think that is < the 65,200 mentioned, you must be joking..
On the expected wage side of the equation, the following may be helpful.
http://www.bls.gov/ncs/ocs/hom...
The burden rates per employee are going up quickly as well.
China's low cost talent is another edge, it said, adding that although India is a powerhouse in high-end IT services, latecomers these days must pay higher wages for experienced engineers.
In this context, the magazine gave the example of BearingPoint, formerly KPMG Consulting, which opened a software development centre in Shanghai and quoted its Greater China president Bryan Huang saying, "BearingPoint pays $500 a month for engineers in Shanghai. In India, the pay would be $700 and in US it would be $4000."
-----------------------
Yeah! Go get 'em, BearingPoint! Save that couple hunskys! Your shareholders must love ya!
Folks might also want to consider that outsourcing is an obvious and inevitable outcome of globalization.
Tony
Do you think this model applies well to a startup as well?
I know you have a few people in India, but not an office per se....
Actually, what I am really driving at is that I feel that smaller cos want to have extremely tight control over their competencies....
For example, a few like Marvell do not even provide external VPN access to their engineers for fear of losing control.
In any event, immigrants are not the problem. American education is the problem.
-----------------------------
I heartily concur with this. My headline above is what we will end up with unless we freakin' wake up and start providing a real education to every kid who wants one. I have no problem with any foreigner who wants to work in the US; what I have a problem with (as others have touched on) is Americans who sit on their fat lazy asses and watch American Idol and swallow the latest political propaganda from either side. If we wind up in that situation we will have only ourselves to blame. We must compete effectively!
If you have a nice cushy engineering or professional job then yes the insurance pays for good health care in the US (or anywhere else). As soon as a company downsizes or outsources your health care coverage (1) either goes down the toilet or (2) you start paying something like $700.00 a month for COBRA healthcare. You can call this a tax if you like.
American doctors (and engineers)
earn more than just about any other doctor on the planet. Part of the reason is the law-suit craze
in the US. Many patients will sue their doctors the first chance they get just so they can get "free money". A simple solution could change all this lawsuit idiocy in the states. The loser in a court case pays all expenses. This is common sense and is fallowed in most industrialized countries except the US.
By the way in Canada the health care system is pretty darn good. Sure there are isolated cases of waiting lists in the case of complicated surgeries but, heck, you'll have this everywhere unless you have the big bucks. I always received first rate service in Canada but saw my healthcare disappear in the US. One needs to refinance their home if they should ever need to call an ambulance in the states.
And engineers, doctors, lawyers, actors and sports figures are OVERPAID in the states.
Teachers, fire-fighters, farmers are UNDERPAID. And I am an engineer.