GCCs on the hunt: IT companies becoming hotspots for senior talent
About a quarter of senior executives in GCCs are from the IT services sector, according to a study conducted by staffing firm Xpheno. The report was shared exclusively with ET.
According to the findings, there are about 120 top GCCs in India with some 21,000 senior executive roles, including those of vice-president, assistant vice-president, senior vice-president and director. These senior executives have a minimum experience of 15 years, and in the last one year, more than 100 have moved from an IT company to a GCC.
Higher compensations, slow hiring in IT services and promising global presence are some reasons for IT talent to move to GCCs, experts at WTW India and Everest Group told ET.
“This talent pool of leaders grew by 5% over the last 12 months, which translates to over 1,000 leadership movements, including internal elevation and lateral hiring,” said Siddharth Verma, business head, Xpheno Executive Search.
Currently, the Indian IT services cohort has more than 102,000 active professionals in senior roles, including CXOs, director, VP/AVP and head of department and chief of enterprise functions, the findings suggest.
In the last two years, most of the senior executives in the IT sector have moved within the sector itself, while 10% of the IT services' senior talent has gone to GCCs, 9% to product companies, and 20% to startups, according to Xpheno.
Salary is one of the main drivers. For instance, according to Xpheno’s analysis, technology leadership roles (CTO) are rewarded with on average about 14%
