India top talent destination for World Inc: Experts
Experts say, firms based in nations like the US, France and Germany believe that India tops the list of preferred destinations for countries facing an internal talent crunch situation.business Updated: Oct 03, 2007 14:56 IST
With the baby-boomer population in the US reaching retirement and the average age increasing in most of the western countries, global corporates are looking at India to get the right talent, experts say.
Companies based in nations like the US, France and Germany believe that the south Asian country has a talent pool matching the global standards, they said.
"India is topmost on the list of preferred destinations for countries facing an internal talent crunch situation," global management consultancy firm Boston Consulting Group (BCG) partner and director James V Abraham told PTI.
Chinese workforce which comes next in the list is mostly preferred for China-specific operations of the western companies as opposed to people in India, who are being tapped for functioning in any country, he added.
"The Indian workforce is witnessing a 100 year peak, the talent pool is vast, skilled up to international standards and the most sought after by the Western Countries," international accounting and consultancy major KPMG's Melbourne-based partner Bernard Salt said. He was in the city to attend a conference.
Although regions like South East Asia and Middle East have a workforce to offer in terms of numbers, rigid social setups and lack of international quality in terms of technology brings in the 'India advantage', he added.
The US-based magazine BusinessWeek recently came out with a list of best American companies to launch a career and nine out of the top ten firms on the list have a major India exposure in terms of employee strength.