Cost cutting measures to bring more techies back home

Chennai: With IT firms incessantly moving more employees offshore, the techies employed on foreign shores may soon come back to their homeland. "While the revenue per employee is almost the same onsite and offshore, the cost per employee is lesser offshore, so it gives companies better margins," says Frost & Sullivan’s ICT practice Deputy Head Kaustubh Dhavse.

As a result, the firms are opting for reviewing the projects to assess which of them can be moved offshore, benched or which can be done away with, for better margins. As reported by Economic Times, a TCS employee, posted in U.S. said, "It has been barely three months since I moved here, and we have been asked to present our projects for review." more…

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