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The profit power of globally distributed teams (is greater than you realize)

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A letter about the prejudice that overseas talent are unskilled and are an accessory, almost an afterthought. (a.k.a. the power of Indian talent)

In a world where business borders are increasingly blurred, the misperception of overseas talent as unskilled and secondary, is not just outdated but also economically naive. As we look at global economic leaders, a surprising yet undeniable truth emerges: the world's largest democracy, India, with its 1.4 billion people, is not just a participant but a driving force in the global economy.

The Silicon Valley Misconception

It's a common fallacy to assume that all tech geniuses are homegrown American talents. Take Microsoft's CEO, Satya Nadella, and Google's CEO, Sundar Pichai - both are Indians by birth and upbringing. Yet, it's often overlooked in lieu of their current American affiliations. This is not an isolated trend; a substantial proportion of Silicon Valley's leadership hails from India. However, I encounter a prevailing stereotype daily: overseas talent, especially from India, is undervalued, perceived as uneducated, and subpar.

Why This Misconception Persists

Partially, this misunderstanding is forgivable. Many who hold this view have never interacted with the top-tier Indian talent - the kind that propels spacecraft into orbit. Their experience is often limited to encounters with offshore development agencies on platforms like Upwork or Fiverr. But let's be clear: the elite of Indian talent don't typically frequent these sites. The real story, vastly underacknowledged, is India's role as the backbone of the world economy.

The Unseen Economic Backbone

The impact of Indian talent on the global economic stage is not just significant; it's critical. Consider this: without Indian professionals, many Fortune 500 companies would struggle to exist. Let's delve into the facts.

  • IBM's Dependency: In 2022, IBM had a net profit margin of 11.32% with approximately 288,300 employees worldwide. Significantly, over 130,000 of these employees were based in India - more than in the U.S. IBM's survival hinges on its global workforce, particularly its Indian contingent.

  • Accenture's Indian Backbone: In 2023, Accenture's operating margin stood at 14.89%, with a global workforce of about 733,000. Over 300,000 of these employees were in India. Given the wage differential, estimated conservatively at 5X less than in the U.S., Accenture's profitability and operational stability are inextricably linked to its Indian workforce.

The Resilience of Globally Distributed Teams

This reliance on Indian talent isn't just about cost-saving; it's about resilience and accessing a vast pool of top-tier talent. Globally distributed teams, especially those leveraging Indian expertise, can weather economic storms that would sink more regionally confined operations. The diversity of thought, cultural perspectives, and technical skills that Indian professionals bring to the table are invaluable assets in an increasingly interconnected world economy.

Conclusion

The time has come to dispel the myth that Indian talent is an afterthought in the global economic narrative. Their contribution is neither minor nor secondary. Indian professionals are leading, innovating, and driving some of the world's most powerful corporations. Recognizing and embracing this reality is not just a matter of fairness or overcoming prejudice; it's a strategic imperative for any business aiming to thrive in the global marketplace. The profit power of globally distributed teams, with India as a key player, is a reality that the business world needs to acknowledge and leverage for continued success and resilience.

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All-in-one sales and recruitment platform for startups

All-in-one sales and recruitment platform for startups

24/7 Support

+1 (610) 516-6218

515 Madison Avenue 9th Floor New York City, NY 10022

Explore more opportunities within our network. Use the dropdown menu to seamlessly navigate between our company websites and discover your requirement.

USA

© 2023 McKinley Rice, Inc. All Rights Reserved.

All-in-one sales and recruitment platform for startups

All-in-one sales and recruitment platform for startups

24/7 Support

+1 (610) 516-6218

515 Madison Avenue 9th Floor New York City, NY 10022

Explore more opportunities within our network. Use the dropdown menu to seamlessly navigate between our company websites and discover your requirement.

USA

© 2023 McKinley Rice, Inc. All Rights Reserved.