- According to a recent report by TeamLease Digital, as mentioned by Times Of India – Global Capability Centres (GCCs) are shaking up the job market.
- Why? They are offering salaries 12-20% higher than traditional IT firms and non-tech companies for tech roles!
- With over 1,600 centres employing 1.66 million professionals, GCCs are turning the talent war into their playground.
What is a GCC?
Global capability centers (GCCs) are offshore centers that support a global parent company.
They provide access to specialized talent, cutting-edge technology, and streamlined processes, empowering businesses to compete on a global scale.
Most in-demand roles
The TeamLease Digital report, which analyzed over 15,000 job roles, found that the following job roles are most in-demand,
- Software development
- Cybersecurity
- Data Engineering
- Data management
- Cloud solutions
- Product management
- Project management
- Data Science
Project management and data science are two of the highest-paying roles across most Indian cities.
GCCs consistently offer higher compensation across all levels—entry, mid, and senior. This advantage is particularly pronounced in metro cities.
Growth trajectory: From Tier-1 to Tier-2 cities
Originally concentrated in tier-1 cities, these centres are now extending their reach to tier-2 cities, offering not only opportunities but also substantial pay packages.
While tier-1 cities like Bengaluru, Gurgaon, Hyderabad, Delhi, Mumbai, and Chennai continue to be hotspots, tier-2 cities such as Jaipur, Indore, and Coimbatore are emerging as new hubs for GCCs and data centres.
India’s tech industry’s revenue target
India’s tech industry is on a rapid growth trajectory, projected to reach $350 billion in revenue by 2025, up from $254 billion in FY24.
By focusing on advanced technologies such as AI, machine learning, and blockchain. these centres are setting new standards in innovation and are pivotal in India’s tech industry.
Looking ahead: The future of GCCs in India
The total number of GCCs is expected to grow to 1,900 by 2025, with the workforce expanding to over two million.
With 800 new GCCs anticipated in the next 5-6 years, its impact on India’s tech industry and its workforce will be profound.
Source: Times of India
