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.