global capability centres (GCCs) are opening offices here because of the easy access to a skilled labour pool, low cost of operation, digitisation and other factors.
More global companies are opening these offshore units to perform numerous business functions and operations, and innovations to enhance productivity. As a result, these centres present endless job and growth opportunities for early career professionals. Hence, it would be beneficial for young minds to understand the roles, skills and pay at GCCs if they want a career in this segment.
GCCs: A deep dive into what they are
Before digging deep into the kind of opportunities they hold, let’s understand what GCCs are, how they operate, and how they are transforming the employment landscape.
Operating across multiple geographies, GCCs are established by multinational corporations to centralise certain functions or operations in a location that offers strategic advantages such as access to a skilled workforce, lower costs or favourable regulatory environments, says Gunjandeep Kaur, Director-HR Business Partner, Model N.
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Commenting on how they offer growth opportunities, she explains that they tap into local talent pools, providing opportunities for skilled professionals in the region to work for global corporations without having to relocate.
At the moment, GCCs offer unique learning opportunities, exposure to global processes, and chances for rapid career advancement for