Companies seek Indian expats for niche tech roles
While many Indians – who have lived in the United States – even for two decades are ready to relocate to India again for greater responsibilities in a local business, the availability of remote work options also allows companies to hire expatriates as technical experts who would fly to India once every two months or quarterly and work the rest of the time from their home countries, company officials and experts said. research industry.
Large Indian conglomerates and leading companies such as
, , , JSW Group, among others, are among those that have stepped up their recruitment of global experts, senior company officials and research firms said.
Diverse miner Vedanta plans to hire technical and global experts – both expats and returning Indians – across its operations, said Madhu Srivastava, the group’s chief human resources officer. “From a career perspective, returning Indians see a lot of opportunities in India as an emerging destination that has a lot of investment going on with new growth areas and new ways of doing business,” said said Srivastava. On the other hand, the evolution of the working model and the widespread acceptance of remote working methods allow expats greater flexibility – where they can travel to India once a quarter and the rest of the time work from their respective origin destinations, she added.
Major automakers are looking for global experts in areas such as electric vehicles (EVs).
Besides NRIs and expats, many companies are also looking for professionals with significant global experience.
Recently, JSW Group appointed Nikhil Chaturvedi as Chief Digital Officer of SAP Japan. Chaturvedi had previously spent much of his career working in Singapore.
One of the major drivers for Indian companies to step up their search for global professionals is the war for technical talent in the Indian market.
“Companies are looking not only for professionals in Silicon Valley, but also for industrial technology experts from different parts of the United States,” said R Suresh, founder of Insist Executive Search.
Search industry experts have said that several non-resident Indians are more willing to accept offers from their home country.
Insist Executive Search recently hired a returning Indian, who had been in the United States for 21 years and worked as a category manager at an American appliance company based in Chicago. The non-resident Indian IoT (Internet of Things) professional, who had been living in the United States since graduation, was looking for a senior role in India and landed an offer with a device company at the house as CEO, Suresh said. He is offered a $1 million cash package and $3 million stock options with vesting after five years. “A lot of Indians who have their parents in the country and who are looking for high roles are ready to come back. For companies, the need for specialist talent – especially in technology hardware – drives them to seek out experts around the world,” Suresh said.
K Sudarshan, Managing Director of EMA Partners India, said there are also many foreigners joining as technical experts and advisers in automotive, industrial and mining businesses in India.
Industry experts have said that it is mainly experienced and seasoned NRI professionals who are in demand as they are also more open to making the move. Many of them are senior executives in their 50s whose children have settled overseas and are now looking to return and be with their elderly parents who are home alone amid the pandemic, officials said. of the research company.