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Author Topic: INDIAN ECON, POLITICS, SOCIETY + BTC PRICE  (Read 14347 times)
Bitcoin Smith
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Today at 08:42:08 AM
 #1101

And for the stretch these companies will just hire employees remotely and no need to pay huge fees for the withdrawal processing, more savings to the companies, while the politician has a reason to play the next election for the leaders, so it is kind of win win for both parties.
Companies are already hiring workers for remote positions. The major advantage is that these companies only need to pay a fraction of the salary to these remote employees. For example, for remote workers outside the US, they could hire developers for less than $2,000 a month, whereas if you are hiring from inside the US, they need to shell out around $8,000 to $12,000.

As far as I know, salaries in US is 10x of what they give to people here in India.
A person might be getting $30k in India but the company will have to pay $300k for the same work if they hired a person in US.
That's why many US companies prefer hiring Indians for 1/10th cost of hiring a US citizen.
True and now with enabling remote jobs they save even lot more money, from saving the cost of their workspaces which will be huge if we are considering a place in the US and also they don't have to offer more benefits while work from home. Maybe in future they will switch to all in temporary people like how swiggy zomato call them as partners to avoid the laws the same thing will be implemented and fire anyone at any time without giving any compensation or whatsoever.

Munshi Prem Chand
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Today at 09:35:06 AM
 #1102

True and now with enabling remote jobs they save even lot more money, from saving the cost of their workspaces which will be huge if we are considering a place in the US and also they don't have to offer more benefits while work from home. Maybe in future they will switch to all in temporary people like how swiggy zomato call them as partners to avoid the laws the same thing will be implemented and fire anyone at any time without giving any compensation or whatsoever.

What this all means is that hiring people to work for your company remotely has become very common for a lot of different roles. And hiring people outside of the US that will work for a fraction of what US based employees make, while at the same time saving on employee benefits, insurance, office lease, etc... well, that math just makes sense to keep doing that.

It seems inevitable that many companies will push their employees to partner or contract situations as well. We already see this in places like food delivery, and I imagine we will start to see that in tech support and probably mid level development roles soon enough. This is less stable for employees, but the benefits to companies, saving a fortune, and being able to grow/shrink their workforce as needed with no real commitment, will far outweigh that.
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Today at 11:27:14 AM
 #1103

I wanted to check with the community what your views are about the CJP [AKA APP]/ Congress protest. The CJP first started as a student protest, then slowly shifted to an EC protest and now they are asking for the resignation of the HM & PM. In the meantime, the UNSC suddenly woke up, followed by the biggest oligarch in the world.

BTW.. Spain & France are facing the same kind of protest at the same time.

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