With all this talk of 'what happens to jobs' with large scale tech layoffs underway , one saving grace for job seekers and an underrated threat for tech companies is the rapid rise of GCCs or global capability centres over last 5 years
GCCs are basically In-house Tech teams by big global companies
Big banks like JP Morgan, Goldman sachs would earlier outsource their tech work to companies like TCS and Infosys for cheap labour and technical expertise
Today, these companies have set up huge offices in India where they are doing the same job by hiring people directly and working out to be cheaper
GCCs are growing rapidly in india and every person they hire is a potential loss for companies like TCS and infosys
Projections indicate a market size of $105 billion for GCCs by 2030
They are also projected to contribute 4.5% to India's GDP.
What was earlier seen as back end support centres, India's GCCs are now taking on high value work such as product engineering, AI, cybersecurity, financial services, and analytics.
With over 1700 GCCs already operational, accounting for over 50% of the world’s total, India has transformed into a global innovation powerhouse.
"Services economy to power creation of between 9-11 million gig jobs in India by 2025. Key barriers for job seekers : Lack of job information and language"- Indeed Report
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Delighted to address Kongu HRM Enclave to launch the 71st office of @CielHRIndia at Erode/Tiruchengodu in partnership with SPK led by Prabhu, a young versatile entrepreneur ! We will offer Recruitment, Staffing, Skilling, Consulting & Compliance!
#ஒளிரும்_ஈரோடு#மனிதவள_மேம்பாடு
Despite lower salaries, lesser benefits and perks and limited #resources, 72% of job seekers in #India prefer to work in small to medium-sized businesses (SMBs) rather than large enterprises. Here's why-https://t.co/4BVuKfcWkP
#Recruitment#TalentAcquisition#Hiring#Career#SMB
Need volunteers for a clinical trial. People with 2 doses of Covaxin 3-6 months ago are eligible to enroll in a booster dosing study. Folks in Vellore, Chennai, Bangalore or Delhi willing to consider participating please email [email protected]. Please retweet-thank you
Indeed is helping women impacted by COVID-19 to #RiseAgain by partnering with @NASSCOMfdn. Access to learning in-demand skills, mentorship by industry experts and job application support are available. Find out more: https://t.co/MhSoxqK3jI
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Few faced the brunt of COVID-19 like the healthcare industry did. We surveyed how employees are doing overall. Watch this space for our findings. #OnIndeed#Healthcare
Few faced the brunt of COVID-19 like the healthcare industry did. We surveyed how employees are doing overall. Watch this space for our findings. #OnIndeed#Healthcare
We've been called a faceless group.
We had always put the initiative above individuals.
As we are winding up, we only felt it right to dedicate a page to our 'anonymous' volunteers.
It's not the all of us, but here is a part of Team COVID19INDIAORG.
https://t.co/VvYkbAFgpy