Numero uno: How GCCs raced to pole position in hiring stakes

Synopsis
Global capability centres (GCCs) were the top hirers of tech talent in the first quarter of FY25, beating out IT services firms for the first time. This is in line with global companies setting up their innovation centres in India. Data shows that GCC hiring demand was up 46% in Q1.

Captive service arms of large multinational firms, or global capability centres (GCCs), emerged as top hirers of technology talent in the first quarter this fiscal, beating IT services companies for the first time, marking a churn in the recruitment profile of India’s $250-billion software services sector, according to industry data.GCC hiring demand jumped by a significant 46% during Q1 of FY25 compared to a year ago, data from hiring major

Beena Parmar

ETtech

4 mins read, Last Updated:

Jul 13, 2024, 12:01:00 PM IST

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Numero uno: How GCCs raced to pole position in hiring stakes

Synopsis
Global capability centres (GCCs) were the top hirers of tech talent in the first quarter of FY25, beating out IT services firms for the first time. This is in line with global companies setting up their innovation centres in India. Data shows that GCC hiring demand was up 46% in Q1.

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Numero uno: How GCCs raced to pole position in hiring stakes

SynopsisGlobal capability centres (GCCs) were the top hirers of tech talent in the first quarter of FY25, beating out IT services firms for the first time. This is in line with global companies setting up their innovation centres in India. Data shows that GCC hiring demand was up 46% in Q1.

Uh-oh! This is an exclusive story available for selected readers only.

Prime Account Detected!

Unlock this story and enjoy all members-only benefits.

Why ?

Synopsis
Global capability centres (GCCs) were the top hirers of tech talent in the first quarter of FY25, beating out IT services firms for the first time. This is in line with global companies setting up their innovation centres in India. Data shows that GCC hiring demand was up 46% in Q1.