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contracting gravy train only temporary until india takes over
India's not the problem. Wait until China come up to speed...
The answer is to be a manager by the way. They still need those on shore even if its only to plan and coordinate offshore work.
That's a bit colonial thinking. Why do the managers have to be British? Why can't they be Indian? Don't think they can do the job? In fact they have the advantage of speaking the language of the offshore staff.
I think there will always be some relatively well paid work in the city, but looking at the IB and IB-consultancy models (onshoring as big a problem as offshoring) we have maybe 5 fairly good years left before things start deteriorating markedly further. Make hay while the sun shines!
The managers don't have to be British, but they do have to be onshore. And increasingly the offshore companies are recruiting westerners to be the interface to the western client.
There is a place for offshoring. It can work effectively, but the customer must retain control. What typically has happened is that it is viewed as a cure-all and promoted as such by the consultancies.
Years ago, I read a paper entitled "Management by Panacea". The idea is that a new idea comes along . Five years are spent as the idea gains momentum. The consultancies pick it up and promote it during the next five years, and it gets implemented as "this will solve all your problems". The following five years the cracks appear, and it kicks around for another five years after that, until it basically dies. But that's ok, cos the next idea has already been pick up by the consultancies.
MBO
TQM
Off-shoring...
It's a direct result of short-term thinking, and the politicians fallacy. "We're in a mess. We must do something. This is something. Let's do it.".
I've already advised my sons to stay away from IT as a potential career, 1 is at Uni in biological sciences, 1 fancies architecture or civil eng at the moment and the other is undecided, but still a bit young to make his choices.
That's a bit colonial thinking. Why do the managers have to be British? Why can't they be Indian? Don't think they can do the job? In fact they have the advantage of speaking the language of the offshore staff.
I think there will always be some relatively well paid work in the city, but looking at the IB and IB-consultancy models (onshoring as big a problem as offshoring) we have maybe 5 fairly good years left before things start deteriorating markedly further. Make hay while the sun shines!
To be honest, most of the Bobs you see on site are there because of corruption in high places, and not because of any perceived cost savings.
I'm pretty sure that is a factor. It is amazing me how many companies have signed away their IT support even when the numbers obviously don't stack up.
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