Current Affairs

How to raid offshore suppliers employee base

By Brij ⋅ May 4, 2007 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

Interesting data point on Sadagopan’s blog:

The top 50 IT services vendors employed 1.7 million employees at the end of their most recent reported financial years. This is an almost an increase of 13% of the comparable total of 1.5 million from the previous year. Much of this growth has been driven by the major offshore sourcing suppliers, with the top five players adding 88,000 new staff last year taking their combined total headcount to 307,500. TCS, Wipro, Infosys, Satyam and Cognizant are poised to add a further 100,000 new recruits between them in fiscal 2007.

Top five players will have roughly 400,000 engineers by end of 2007!

I see 400,000 free agents by 2010. Call me crazy but growing aspiration and massive broadband penetration will make free agent model popular in all offshore locations. Even if somebody shoots for 10% of this market there is a sizeable opportunity to empower this audience.