Indian Outsourcing Costs & Huge Benefit For Outsourcing Companies

Indian Outsourcing Costs & Huge Benefit For Outsourcing Companies

The labor costs are the biggest expense for any company. When this cost is significantly reduced, it leads to higher returns on investment. Wages of Indians remain around 5-10% of the wages incurred on an American or an European counterpart. Now, the rise in demand has led to an increase in the costs at least for employees who are highly experienced.

Programmers, developers, web developers or any kind of software professional or BPO personnel are paid at set standards ensuring that the IT Industry remains at par with the expectations of the employees, society and the country as a whole. The league of talents required to perform different jobs within a project varies in experience and compensation. Huge amount of cost is saved with those who are less experienced.

This means that more of opportunities are available for fresh talents and those with experience of around 1-3 years. Those with 1-3 years' experience are paid between Rs. 240,000-250,000 ($5250 approximately) and Rs. 360,000-400,000($7800-9000 approximately). This can vary according to a lot of internal and external factors. These are figures that a software professional expects to be paid.

Experienced employees are not hired as much as fresh talents and lesser experienced employees are hired. The cost of hiring seniors is around 30% of the total cost. Seniors are paid around Rs. 720,000 ($15000) to Rs. 1,800,000 ($40000). Similarly, commercial and office spaces also offer significant cost advantage.

The top brass consists of lesser number of resources who manage a pyramid of juniors below them. This means that the costs incurred on seniors do not escalate the total costs.

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