The HCL shell game to ultimately reduce staff on antiquated technology was hot 3-5 years ago, but now it's risky business due to World economics. What's going to happen when India goes the way of BRICS, and what US companies pay for their IT Services can't compete with what BRICS countries like China, Russia and many more will pay for those same services? There isn't a bank, healthcare, technology or insurance company that isn't so highly dependent on H1B and off-shore in the US that when the dollar crashes vs. BRICS currencies, all those resources will follow the money. Get use to the likes of FAA, Southwest, banking technology crashes/failures daily.
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Post ID: @1iew+1kFTpcpR :
Why have quality when you can have quantity at a lower cost?
Look at the first post in this thread (the heavily downvoted one) if you want to see the executive mentality on this. Claims and Underwriting are next.
I knew when I first started to see the change towards employees that their end result would be to push everyone out they can so they can justify offshoring claims/underwriting.
the heck do you mean "india will go the way of the BRICS" India is literally the I in BRICS
Not sure you understand. They are not hiring HCL as a consultant. They are turning the ET Business over to them.
A few years, a million change requests, and a million more billable hours later, and the company will have spent more on HCL consultants than they would have if they just coughed up the few hundred thousand in salaries for some competent people from the SF Bay area, Seattle, Redmond, NYC, or Austin lol. Leadership is completely myopic
“If companies would just hire their own data scientists/analysts, and programmers instead of relying on Commercial vendors for their "solutions..”. They operated like that in the past. That is why we are where we are. Anything they wanted they tried to in-house it, even though there were better models, data aggregation ( eg, iso data) out there. In this job market they can’t get good tech people. Maybe that trend will reverse when the FAANG companies layoff soon. At that point , the company may realize they can get a lot of their general depts off the books via contracting it out.
It's really funny to see some of the lack of aptitude comments from these folks. Companies owning their own data scientists comment is the most funny thing. They don't even realize what services are outsourced. That just shows how much they are out of touch with the external world.
Insurance has become a commodity and unless you innovate can't offer differentiated services. With age old systems and people who can't change..how will you steer a monstrous ship? The other funny comment about BRICS..didn't we all say the same to.manufacturing? We enjoyed cheap products in decades and now complain about China ? The same thing ..you want to enjoy cheap shopping and cheap everything..but want the most lavish salaries. Both don't work. Corporate America has to lower the costs and unfortunately the deprecated systems are not productive . They are dead ..they are your lights on ..not future . Leaders think about the company for next 100 years..intellectuals think about change and inept talk about Brics theories ..move on. You are not the only company ..this is working well for last 20 years in many companies..u r just a late entrant.
How about 20 years late. When Agents were retiring they should have used this opportunity to provide coverage on the internet like Progressive and GEICO. They stole all our business.
If companies would just hire their own data scientists/analysts, and programmers instead of relying on Commercial vendors for their "solutions..." millions could be saved, but nope, some J-a-c-k-a-s-s CTO/CIO wants to make themselves look good through outsourcing to ANOTHER business that's guaranteed to drain company profits... here we are... the FUTURE!!!
Good point about the BRICS we shall see what happens soon given the move from the petrodollar
Had not considered this
LOL-the ineptitude of current system employees is what has led to this decision. Your what ifs are funny…..