Yes, both of the above have one thing in common – drawing conclusions based on flawed data sets.
Wall Street Journal and Financial Times carried stories about the new trend – reverse offshoring!!!
Bangalore wages spur ‘reverse offshoring’
was the title of the article in FT on July 2, 2007. The grounding for the conclusion is that a small company moved 20 engineers from Bangalore to Silicon Valley. Well, that was an exception. Such things happen all the time but the difference here is the brilliance of the PR team of the small company. They used an event like this to generate massive publicity and drew attention to the company in general. Hats off!
I was in India recently and met the CEOs of several companies of various sizes. One thing was clear and common – every company I met there was on a hiring spree. Talent shortage and retention were the biggest problems discussed there.
My $.02: Reverse Offshoring is happening for sure – but not at the scale that these publications want us to believe.
Related articles that talk about drawing conclusions based on flawed data:
2. Dissecting the Goose and the Golden Egg
Have a great week ahead!