Employee Benefits Study - An India GCC View 2024 | India has become the global hub for Global Capability Centers (GCCs), hosting over 1,600 of them and employing 1.6 million people. However, with this exponential growth comes a new challenge: a fierce talent war. GCCs must enhance their talent strategies, especially in offering robust employee benefits. In a cyclical talent market, those failing to do so risk losing out on top talent when the market shifts. With a diverse workforce comprising Gen Z, Millennials, and older generations, inclusive benefits packages are crucial. Embracing the gig economy and adapting to hybrid work models are key strategies outlined in the report "Employee Benefits Study – An India GCC View," offering actionable insights for staying competitive. More »
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India’s Global Leap: Why Global Organizations set up Global Capability Centers in India? | India's journey to becoming a global hub for Global Capability Centers (GCCs) began in 1985, fueled by a talented workforce and a culture of innovation. Major companies like IBM were drawn to the potential, and over time, GCCs matured from basic support to driving global innovation across diverse sectors. Today, over 1.6 million professionals contribute to this thriving industry, nurtured by a strong foundation of STEM education, quality standards, and visionary leadership. This sets the stage for even greater roles, with 20,000 professionals poised to join maturing GCCs by 2030. India's success is further bolstered by a robust framework, a mature ecosystem with rapid development, and supportive government policies. The growing confidence of MNCs, attracted by the vast talent pool and low risk/cost environment, makes India an irresistible choice for global expansion. From its humble beginnings, India has transformed into a talent and innovation hotspot, offering a compelling proposition for global organizations seeking to expand their footprint. More »
Is an Offshore Development Center your Key to Global Success? | In today's dynamic market, leaders face the imperative of optimizing revenue, fostering innovation, and ensuring business continuity. Offshore Development Centers (ODCs) emerge as a strategic solution, leveraging global talent pools to address these challenges. ODCs, distinct from traditional outsourcing, provide access to skilled professionals across international locations, benefiting from cost efficiencies and regulatory advantages. Despite benefits, challenges like management, communication, cultural integration, and security must be navigated. Alternatively, Global Capability Centers (GCCs) offer control and scalability options. irrespective of the model an enterprise choses, success hinges on clear objectives, talent acquisition, governance, and strategic partnerships. More »
2023 RE:WORK report | Businesses are facing a talent crisis. Shortfalls in key skills are limiting the potential for business growth and are leading to unfilled vacancies. The Talent’s expectations of the employment experience are evolving at pace, and they are prepared to move on if they think their employer is not doing enough. As businesses respond to changing markets and seek to seize new opportunities, they are struggling to build the agility they need to deploy their people effectively.
This report draws on two new global surveys—one of executives, the other of talent—to reveal a disconnect between these two groups’ perspectives on working life. It is a warning to employers: having made progress through the pandemic and the Great Resignation, they now risk slipping backward on engagement. More »