Global Capability Centers Boost Fresher Hiring by 40% in India
In New Delhi, a report by TeamLease Digital reveals that Global Capability Centers (GCCs) are set to increase hiring of freshers by 40% compared to last year. GCCs are becoming major employers, offering entry-level salaries up to 30% higher than the industry standard for sought-after skills. This trend is expected to continue into the next year.
The IT services sector is also anticipating a 20-25% growth in fresher recruitment, driven by demand for skills in software development, data engineering, and cloud technologies. Salaries in these roles have increased by 7.89% to 10.2% compared to FY 2024, highlighting the need for professionals with hands-on experience in managing business operations.
Senior management roles have seen a 21% rise in demand, with salary increases between 6.54% and 10.8%, due to the strategic importance of expertise in data engineering, product management, and DevOps. The shift to cloud infrastructures has spurred hiring in cloud engineering, development, and architecture roles.
The report predicts a need for over two million cloud professionals to support the rapid adoption of cloud technologies across sectors. Neeti Sharma, CEO of TeamLease Digital, emphasized the importance of aligning talent strategies with technological advancements, particularly in AI and cloud computing, and investing in upskilling programs.
Companies are also focusing on Tier 2 towns for talent, with government policies playing a crucial role. Hyderabad’s favorable environment is attracting tech companies, leading to higher salaries compared to other regions.
Doubts Revealed
Global Capability Centers -: Global Capability Centers (GCCs) are offices or facilities set up by multinational companies in different countries to handle various business operations. In India, these centers help companies manage tasks like customer support, IT services, and more.
Fresher Hiring -: Fresher hiring refers to the recruitment of new graduates or people with little to no work experience. Companies hire freshers to bring in new talent and ideas.
IT Services Sector -: The IT services sector includes companies that provide technology-related services like software development, IT consulting, and tech support. This sector is a big part of India’s economy.
Cloud Professionals -: Cloud professionals are experts who work with cloud computing, which involves storing and accessing data and programs over the internet instead of on a computer’s hard drive. They help businesses use cloud technology effectively.
Talent Strategies -: Talent strategies are plans that companies make to attract, hire, and keep skilled workers. These strategies help businesses stay competitive and meet their goals.