Who are the people at 80K USD? In the US, especially in Investment Banking or Investment Banking IT, I know even the junior most people make 120k USD. In our bank, AVP designation is the lowest at our NY office, there are no Analyst designations and these guys make 160k USD.zzm9980 wrote:I take it you're not responsible for hiring, interviewing, or your definition of "easy" in this context doesn't assume the person you're hiring is qualified.Wd40 wrote:I agree a bit with PNGMK. People at 80K USD are not the ones that make huge impacts for organizations, these people can be easily hired at local packages. Its the senior execs that get all the bells and whistles expat packages.
So these 80k USD have to be some junior skilled individual contributors. There are tons of Asians with those skills. You believe you can't get them to work in Singapore at local packages of 100K?
In my office, the minimum level an Ang Mo is at, is at a VP level and these guys were brought in during hay days. Now ofcourse its the reverse migration that I am seeing. These people are being offered positions in our NY, London and Zurich office.
In my (admittedly biased) experience, locals are either lacking in skills and not worth 80k, or competent and already much higher up the ladder. At my company, the senior ICs (say VPs at banks) are all foreigners. Mid to Sr Management is mixed local and foreigner. Junior to Mid IC is local or Indian vendors. (Infosys, TCS, etc). The Peter Principle is very much law of the land where I work.
