Gross hires included attrition-related replacement of about 118,000 employees and a net addition of 34,000, according to the survey by specialist staffing firm Xpheno for ET, which tracks data from 125 global capacity centers (CCG) who account for nearly three-quarters of India’s total GCC population of 1.6 million.
GCC countries in semiconductor manufacturing, oil and gas, and food and beverage services accounted for the largest number of net additionsboth in the first half of 2024 and in the 12 months ended June 30, 2024, according to the survey.
Global continuation Economic uncertainties are weighing on the hiring Decisions by GCC countries have kept the figures below 2022 highs, the survey found. But experts and businesses said a rebound is expected in the second half of this year, especially given the Technological talent pool and expertise in cutting-edge technologies. “The outlook is for a net headcount growth of 10-15% in the current calendar year compared to the previous year, and the trajectory is for a rebound in July-December 2024,” Kedar Pathak, GCC specialist at Xpheno, told ET. GCCs saw a net addition of 60,000 in 2023; while gross hiring was 300,000, Xpheno data shows.
Several factors will contribute to the growth, Pathak said.
Key Southern Centers
States like Karnataka, Andhra Pradesh, Tamil Nadu and Telangana are being promoted as GCC destinations (Karnataka’s GCC policy aims to host over 15% of Forbes 2000 companies by 2030). Also, several companies including Amgen, Adidas, ComCast, UPS, HCA Healthcare and Bridgewest are setting up CCGs here or are expanding their talent base. “Most global organizations are looking at Indian GCCs as a strategic partner for headquarters. Indian GCCs are impacting their headquarters with efficiency, innovation and digital transformation capacity. There is an important Technological depth “We are building here,” Pathak added. German healthcare services company Siemens Healthineers aims to hire 700-900 new positions at its Development Centre in India during the next fiscal year starting in October.
Disclaimer
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.