if you work in the indian IT industry, you would know what i am going to talk about. take a visit to bangalore/chennai/hyderabad/pune/noida - anywhere of the top IT destinations, and you see the churn. there are jobs, and people are taking them. that means that attrition is high, and companies need to do more to offset that. in some cases, that translates to a salary raise, or an onsite trip - whatever keeps you with the company. this also means that the best software people have a huge bargaining power (or should i say - the power to threaten). one of my best friends falls into that category, and you should see the width he can extract out of miserly managers - just because he is "too good" in his work, and his managers dont want him to leave.
the growth of the indian IT industry, is thankfully not restricted to India alone. IT professionals are now in demand in other countries as well, more so than it was before. i work out of singapore, and i see people from competing vendor companies taking up new jobs with local companies. one of my good friends in india recently moved to singapore when he was recruited by a top notch bank for their local operations. incidentally, he was also recruited by a top american company, but the H1 visa qouta proved to be the nemesis.
the point of all this blabber is that there couldnt be a better time for individuals like me. the industry is ripe, and the fruits of a little labor can be very sweet. so if you are lazy software engineer like me who has never changed jobs, this may be your time. whether or not it is mine, only time will tell.
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