The Economic Times | Jan 31, 2017
Bloomberg reported on Monday, following similar reports last week, that the executive orders could seek to curb the long term H-1B visas, and the short term L-1, E-2 and B1 visas.
Industry experts say the practice, so far, has been to recruit students during the final semester of engineering courses. “HCL is catching them so early after the school, it may well begin a cultural shift in India,” said Pareekh Jain of HfS Research India.
Business Standard | Mar 23, 2017Read More
"In a nutshell they are trying to become less dependent on the H1 B visas for junior staff and complement it with local hiring and use of virtual technology. There will, however, be initial challenges as they may find skill gaps among junior talent in the US," said Pareekh Jain of HfS Research India.
Business Standard | Mar 22, 2017Read More
Tom Reuner, MD of IT consulting & research firm HfS Research, said for Infosys, it has to be about sales execution. But he felt the continuing rumour mill around the Board is distracting the company from this overarching priority.
Times of India | Mar 15, 2017Read More
"Looking at the initiatives taken by Trump administration, it seems there can be a strong case to repeal the work authorization for H4 holders. Though it may not create a big impact for the IT companies, it will impact the availability of talent in the US. The idea behind introducing a rule to allow H4 holders by Obama was to create immediate talent pool," said Pareekh Jain of HfS Research India.
If work authorization for the spouses of H1B visa holders is withdrawn, Jain adds, it can also deter some of the IT workers to take up projects in the US since such offers are based on the choice of the employees.
Business Standard | Mar 09, 2017Read More
"This slows the professional down by three months. The impact will call for a lot more forward planning for companies. In many cases, H-1Bs are often needed quickly so this will create significant difficulties for India IT firms dealing with US clients. I anticipate a huge influx of visa application between now and April 1," Phil Fersht, chief executive at research firm Horses for Sources, told ET in an email response.
The Economic Times | Mar 06, 2017Read More
Last year, a report by advisory analyst firm HfS Research said the maximum impact of the emergence of intelligent automation will be felt on the global industry of 15 million IT services and BPO workers, which will see about 1.4 million job losses — a net decrease of 9% — by 2021. In India, the services industry workforce could dwindle by 4.8 lakh by 2021.
The Financial Express | Mar 04, 2017Read More
“Tier-I Indian IT services firms largely use the premium processing category for H1B visa for their employees, since they can easily afford the additional $1,225 fee. But, there will be uncertainty, as they will have to wait even for ongoing projects,” said Pareekh Jain of HfS Research India. Even if this suspension might have a short-term impact, this clearly hinted at a tougher immigration policy in the US, the biggest market for Indian IT companies, added Jain.
Business Standard | Mar 04, 2017Read More
Phil Fersht, CEO of HfS Research, said consulting is very hard in Indian IT firms - clients expect to pay offshore rates for complex work, and it was a tough challenge for a guy who had had a long consulting career. "Guess is was time for a change of focus with Chell Smith, who has a very good reputation. Livingston was working across multiple clients, so would have had more of an incremental business focus on existing deals, than winning new logos for the firm," he said.
Times of India | Feb 28, 2017Read More
These incidents do give us more than enough reasons to seriously contemplate on some of the latest reports by organisations like the World Bank that has estimated 69% of Indian workers to be threatened by automation in the not so distant future and that of a US-based research firm (HfS Research) predicting India’s IT services industry to lose 6.4 lakh “low skilled” jobs to automation in the next five years.
National Herald India | Feb 27, 2017Read More