Source: The Financial Express
An international columnist on economic development recently wrote, ?It seems these days that nationalising jobs is a more popular proposition than nationalising banks.? He is not too off the mark.
US president Barrack Obama?s moves to bring back jobs and tax money into the country could influence similar moves in other countries, especially the UK.
For Indian IT companies, this is probably just the tip of the iceberg as the UK government touts new domestic measures that look uncannily like labour protectionism. Not to forget UK PM Gordon Brown?s first speech to the Labour party conference in September 2007 when he said, ?Create British jobs for British workers?.
Interestingly, both Obama and Brown had spoken against protectionist policies in the G20 Summit held in April. But there are indications that IT companies in the UK might now be forced to take up local employees or move to countries like Poland and Romania where labour is cheaper.
In its initial steps, the UK government has become stricter in implementing its existing rules that makes it mandatory for companies to advertise locally for any position.
Companies in the UK will now route their advertisements through the local employment bureaus or ?job centre plus? as they are popularly known. People familiar with the job processes in the US and the UK say that major IT companies would end up placing advertisements on the internet or paste hardcopies of paper advertisements at the back of their office entrance door for a single day and then finally recruit someone from India on a H-1B or L-1 visa.
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