GCCs outpace IT firms in race for tech talent

The demand for tech talent (excluding freshers) from GCCs (Global Capability Centres) continued to outpace that of IT companies in the second quarter of FY25, as clients’ discretionary spending showed a slower recovery.

According to industry data from TeamLease Digital, GCCs accounted for 52.6% of job openings for tech profiles in the September quarter, maintaining the same level as in the first quarter.

“Business expansion goals coupled with the demand for enhanced service delivery in the age of rapid digital transformation are major factors behind the hiring spree,” Sachin Alug, chief executive officer, staffing firm NLB services said.

Also Read Tech firms allege govt’s committee report on Wi-Fi band favours telcos Welspun Corp bags order from Middle East for supply of coated LSAW pipes and bends for sour service IPO optimism rises as Nykaa, Mamaearth, and FirstCry lead the way EPFO gets smarter, claims settlement now 30 per cent faster

While GCCs are hiring to backfill attrition and to support new work and roles, tech services have experienced reduced backfilling due to changes in the business and demand mix, as well as slower growth, staffing executives reiterated.

Also ReadBurmans’ plea against Religare AGM delay, to be heard on November 20

“In fact, what recovery we have seen in Q2 hiring in IT companies is also mostly backfill led hiring as some verticals saw pick up in the quarter,” Sunil Chemmankotil, country manager at staffing firm Adecco India said.

While the ratios may skew once the business environment improves for IT companies, the outlook for the second half of FY25 suggests that GCCs could maintain a sustained lead in demand for experienced tech talent.

“The number of jobs created by GCCs is increasing, with projections estimating 1.9 million employees by end of FY25, up from the current 1.6 million across approximately 1,580 GCCs in India,” Krishna Vij, vice-president, TeamLease Digital said.

Demand for tech talent from GCCs has seen a significant spurt over the past 3 years rising from around 12% in FY22 to 46.8% in FY24.

India is expected to have nearly 3,000 GCC units (including multiple centres from a single company) by the end of the fiscal year, indicating a continued demand for talent.

High-demand areas in GCC hiring include data science,

 » Read More

Related Articles

New Tax Regime: These deductions, exemptions still available for you

The Indian government introduced a new tax regime in 2020, offering lower tax rates while removing several exemptions and deductions available under the old system. Initially optional, this regime became the default in 2023, requiring taxpayers to opt out if they wished to continue under the old structure. Despite the removal of many benefits, certain

Range bound session: Nifty ends above 23,600, Sensex holds 78,000 led by Adani Ports, Infosys

The stock markets faced a downturn on Thursday, with major indices closing in the red. The BSE Sensex dropped by 213.12 points or 0.27%, ending the day at 78,058.16, while the NSE Nifty 50 saw a decline of 70.15 points, down by 0.3%, and closed at 23,626.15. The Nifty Bank index also ended the day

IT stocks stable as Cognizant raises annual and quarterly revenue guidance

Shares of Indian IT companies are in the spotlight today after the Nasdaq-listed IT services major Cognizant Technology Solutions, reported its Q4 results that exceeded Wall Street expectations. The Nifty IT Index as well as individual tech counters like Infosys, Wipro, Tech Mahindra and HCL Tech are all in the green even as the markets

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

New Tax Regime: These deductions, exemptions still available for you

The Indian government introduced a new tax regime in 2020, offering lower tax rates while removing several exemptions and deductions available under the old system. Initially optional, this regime became the default in 2023, requiring taxpayers to opt out if they wished to continue under the old structure. Despite the removal of many benefits, certain

Range bound session: Nifty ends above 23,600, Sensex holds 78,000 led by Adani Ports, Infosys

The stock markets faced a downturn on Thursday, with major indices closing in the red. The BSE Sensex dropped by 213.12 points or 0.27%, ending the day at 78,058.16, while the NSE Nifty 50 saw a decline of 70.15 points, down by 0.3%, and closed at 23,626.15. The Nifty Bank index also ended the day

IT stocks stable as Cognizant raises annual and quarterly revenue guidance

Shares of Indian IT companies are in the spotlight today after the Nasdaq-listed IT services major Cognizant Technology Solutions, reported its Q4 results that exceeded Wall Street expectations. The Nifty IT Index as well as individual tech counters like Infosys, Wipro, Tech Mahindra and HCL Tech are all in the green even as the markets

Three midcap stocks to avoid in this reversal market

By Brijesh Bhatia In investing, market cycles are inevitable. Whether in a bullish or bearish phase, investor sentiment and stock performance often shift with the tides of economic and market changes. During a bullish market, investors are drawn to stocks with strong upward trends, enjoying the thrill of the ride. But as the market turns

Demand for upscale properties is on the rise in Mumbai and Pune: Vishal Jumani

Mumbai and Pune’s luxury real estate market is thriving, with growing demand for homes offering long-term value and sustainability. Both cities are witnessing a transformation towards properties that harmoniously combine urban living with extensive amenities, attracting buyers who prioritize comfort and meaningful living, says Vishal Jumani, Joint Managing Director, Supreme Universal. In an exclusive interview