Saturating IT Industry
The other day I was reading " India's IT Party is over. Reinvent yourself or suffer " by Ravi Venkatesan. He has touched upon some very interesting points. The point on slower rise in incomes, slow hiring etc. I feel should also be looked at from another angle. Any new industry will typically have an initial high rise, high demand period and slowly in time it will saturate. About 40 years back, when the IT industry as an Industry started to pick up, it was like an ocean and anyone getting into it like a drop in the ocean. So there was plenty of demand but very less supply. Hence things moved fast for the initial players. They got good business, good rates, they rose very fast and expanded at a fast page. In nascent stage as the organization was growing, it needed more and more people, so ‘hiring’ was good. It needed more and more people to manage the growing work, so ‘promotions’ were good. Business was growing by leaps and bounds, so the ‘compensation hikes’ were g...