India's renaissance: U.S.-style labor pains

"All of the VC funds want to go to India," said Dham, whose venture capital firm is based in Silicon Valley, "but most don't know how to do it."

Such cultural clashes reflect the rapidly changing nature of India's high-tech world, where an industrial renaissance has created not only an unprecedented economic boom, but also Western-style growing pains in employee recruitment and retention. Turnover in the software services industry runs at about 15 percent a year on average, and can exceed 30 percent at some companies, according to various sources.


[CNET]