July 31, 2008

Expatriates in Indian Companies

Filed under: Expatriates, Latest Trends in HR — Tags: — hrcases @ 12:05 pm

Today, the Indian economy is not only offering attractive opportunities to the domestic talents but also offering jobs to the foreign workforce. The number of foreigners seeking jobs in India is increasing year on year. This is applicable not only at the middle and senior level but also with the young graduates. The sectors that offer jobs to expats are IT, BPO, Pharma, Retail, Telecom, Aviation, and Hospitality.

The rate of unemployment is increasing in industrialized economies while the growth opportunities are increasing in South Asian countries including India and China. India is one of the fastest growing economies in the world and it offers growth opportunities to the expats. Moreover the compensation offered by Indian companies is better than their home countries.

An expatriate is a person temporarily or permanently residing in a country and culture other than that of the person’s upbringing or legal residence.

The Indian companies offer attractive leadership positions to experienced expatriates who bring in global perspective with them. Most of the entrepreneurs also believe that expat managers have more abilities when compared to their Indian counterparts.

This trend of expats occupying key positions and leadership roles is hitting the Indian corporate these days. They argue that an expats occupying key role doesn’t come with the commitment to stay for a long term with the company; they have poor understanding of Indian markets and environment; their ability to deal with diverse workforce is always doubtful. For all those who are challenging expats leadership quality must acknowledge that expats demonstrate a higher risk taking ability; they are transparent and accountable; they acts as key source of innovations; they are mostly not the part of corporate politics; they promote harmony and responsibility in the company.


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