Quote:
Originally Posted by Sidd Finch
Um, okay.
IIRC, you represent a lot of Indian companies. Be sure to pass your views on how the need to ensure compliance with US wage-and-hour standards, regardless of whether those laws apply to them, or they will just be helping the UMC gut the economy with our desire for cheaper stuff.
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Yeah, most of my Indian clients don't need to be reminded of that. They tend to be the kind of biotech company that has a modest number of well-paid highly educated personnel, whether they are here or in India. But, that's OK, I understand you think all India has to offer is cheap labor to staff call centers rather than scientists who develop ground breaking therapies.
Actually, the biggest comp issue we have in dealing with India is incentivizing people with equity. Without the experience of many companies where multi-gazillionaires have been made on equity, you tend to get employees who value cash more than equity. There are now some occasional cases where we may pay a real hot-shot Indian scientist more than we'd pay their US equivalent, but put a bunch of it in bonus and deferred comp, because you can give the woman in the US a bunch of equity to incentivize her instead.
