News & Events

SWOSTIM IT CONSULTING PRIVATE LIMITED “SWOSTIM” is a new outlook to its old ventures of Lucid InfoTech & JIT Consulting.For a decade it has been a continuous effort of the company to bind its bonafide customers through satisfactory products & services. The strength of the company is multiplied & on multi-verticals and it aims to be the leading IT industries based in the Temple city, Bhubaneswar, Odisha and tender its services across the globe.

LUCID Infotech wins prestigious project of KPS(Korea Plant Service & Engg.)

KPS has made every effort and taken the initiative to maintain electric power and industrial facilities in KOREA, grown to the best comprehensive plant service company in the world, and develop the nation and industries

Utilizing its accumulated maintenance technologies and know-how, KPS stably supplies the nation with higher quality electric power. It’s been newly launched into INDIA to provide its services over in here.

In its high pounding journey it acquired KOSHA 18001 certification and bagged up many awards like ‘BEST HRD’, ‘Corporate awards for excellent quality’, ‘Certified as the first National Organization in KOREA’, are a few feathers in its CAP.

US slowdown may lead to greater off shoring

Buyers of IT services will shift from cost containment goals to a greater focus on cost reduction and productivity increases in their sourcing decisions Temporary economic downturn or a more sustained recession are two situations that could impact off shoring Concerned that the US economic slowdown could extend to other geographies, organizations are refocusing on IT cost

Major buyers of IT services may increase the percentage of their labor in offshore, lower-cost locations given the current US economic slowdown. India will remain the dominant location for IT offshore services for North American and European buyers as a result of its scale, quality of resources and strong providers, according to. Concerned that the US economic slowdown could extend to other geographies, organizations are refocusing on IT cost reduction and taking steps to accelerate the use of offshore labor.

Buyers of IT services will shift from cost containment goals to greater cost reduction and productivity increases in their sourcing decision, the report said. This will lead to a steady increase in the adoption and expansion of offshore services primarily from India, but increasingly from other countries as well. “Factors that will give India the edge over other offshore locations are scale and quality of labor. North American and European buyers of IT services have been the force behind a growing offshore services market and India is central to almost any discussion of offshore services delivery for these buyers. Industry Experts sees two possible scenarios that will have an impact on offshore services adoption in the near future: temporary economic downturn or a more sustained recession.

In the worst case scenario, if more sustained economic slowdown leads to a prolonged recession in the US and possibly other global economies, all IT players expects a more-aggressive movement to cut IT budgets. Accordingly, while the recent appreciation of the Indian rupee and rising wage rates have made some of the long held benefits of India’s offshore services cost competitiveness less predictable, the more sophisticated provider have made critical process investments, thus minimizing the impact of wage increases alone in their final price of services to buyers.

After BPO, KPO, it's RPO's turn to shine

INDIAN IT services companies are now looking at outsourcing their recruitment process. This has become one of the ways of reducing costs and also bringing in better efficiency to the recruitment process. This has led to the growth of recruitment process outsourcing firms, creating a win-win situation for themselves and also the IT firms. Allegis India MD Pravin Tatavarti says RPO has been gaining traction not just from a cost point of view, but also because of the kind of value these firms are bringing to the table.

Amitabh Das, CEO Vati Consulting, feels that the concept and the business model of RPO have been gaining momentum for the last three to four years with number organizations becoming aware of it. He adds that RPO in India is still in the nascent stage but would catch on in the coming days and would be very useful, especially in Greenfield projects. Hitherto, there has been functional RPO activity in the country, which includes services like screening of CVs or maintaining basic HR records.

Now, there has been a move towards more specialized activity, where the RPO firms provide end-to-end services which include creating hiring strategies and providing tangible results to IT services firms. Some of the RPO firms claim that recruitment costs can brought down by over 30 %. Further, they feel that recruitment is a specialized process to be treated as an administrative function of the HR department. All major players has pruned the number of its sourcing partners from an excess of 100 to around 50-55, is looking at streamlining this process. As a pilot project, players have identified around four-five sourcing partners, who will be aligned with a particular business vertical so that they can focus on getting the right kind of people. The integration of such a model within a company has its own set of challenges as the HR department looks at it as a loss of administrative control.

Bosses don't care about loyalty, just the results

This might be something you already knew - no matter how much you slog, at the end of the day it’s the result that counts for your employer, and not your loyalty. According to a survey Down Under, bosses don't care how long you've worked with them, its results that count.

Gone are the days when the most valuable employee was the loyal worker who’d racked up 10 years’ long service. Today they are considered equal to someone who only started two months ago. Bosses are far more interested in workers who are productive, proactive and engaged.

The research also found that when it came to attracting and retaining valuable staff, 91 per cent of respondents believed the culture of the workplace was key. They said the most attractive workplace cultures featured recognition of achievement, strong leadership, promotion opportunities, individual responsibility, training opportunities and a positive and challenging environment. “One thing that has changed in the last decade is that the experience of the individual in the working environment is not just about how interesting the work is,” quoted Jeremy Tipper, director of Alex Mann Solutions, as saying. “It’s as much about cultural fit and whether the organization you’re working for has the same perspective you do as an individual,” Tipper added.