A more disturbing thought is, the increase in the U-6 ie people who want full-time work but took a part-time scheduleinstead because that’s all they could find.
As it is, in the job market there are currently six times as many people seeking work as there are jobs on offer.
Juxtapose this with some more indicators in the US:
1. According to Simply Hired, among the millions of jobs compiled from Feb2008 to date, there is an increase of 77% of jobs for US Citizens.
3. As a recruiter of NPA an international recruiter network, with over 200 associates in the US alone, I am privy to getting an insight into another increasing trend of permanent jobswith a caveat “ No relocation, no visa transfers or Sponsorships, no C2C”- totally different from early 2008 when companies were willing to look at people with H1B with at least 2 yrs of validity!
Is there a dwindling interest in hiring of ‘immigrants’ in the US market? Considering that almost 25% of the H1B visas are generally bagged by Indians – is there a likelihood that we might see a reverse brain drain from US back to India soon?
As a recruiter who has been in touch with returning Indians from the US for about 10 years now, I can certainly feel a distinct increase in the number of aspirants looking at the job market in India. As compared to US Citizens of Indian origin –largely exploring for personal reasons hitherto, ( most find it difficult to compromise on the ROI of their housing investments-and are holding back plans !) – there is increasing interest in thosewho are yet in the ‘green card pipeline’!!
(Some other day, one could research how many Indians have picked up H1Bs- since 2004. For even if their visas were extended to 6 yrs, 2010 could be a year of reckoningfor them as they might not be able to continue staying in the country!)
Well, what is the scene in India like? India Inc created 40% fewer jobs in 2008-09. Whilesoftware service companies are employing less numbers compared to the previous years, the current turnaround in the equity markets are conducive enough to create new jobs in the financial service sectors.
Will Indian employers find the ‘returning Indian’ experience as relevant in the next few years as they had in the past? Or would the skills in demand be different?
