Global capability centres score may go up in 2nd half of hiring game
India hired around 152,000 people in the first half of 2024, up 14% from the previous six months but 9% lower than a year earlier, a survey has found. More than 75% of the hirings were to replace employees who had left.
The gross hirings included attrition-linked replacement of about 118,000 employees and a net addition of 34,000, according to the survey conducted by specialist staffing firm Xpheno for ET, tracking data from 125 global capability centres (GCCs) that account for nearly three-fourths of India's total GCC headcount of 1.6 million.
GCCs in semiconductor manufacturing, oil & gas and food & beverage services accounted for the largest number of net additions, both in the first half of 2024 and in the 12 months ended June 30, 2024, the survey has found.
Continuing global economic uncertainties are weighing on the hiring decisions of GCCs, keeping the numbers down compared with the 2022 highs, as per the survey. But experts and companies said an uptick is expected in the second half of this year, more so given India's tech talent pool and expertise in cutting-edge technologies. «The outlook is for 10-15% net headcount growth in the current calendar year compared to previous year, and the trajectory is for an uptick in July-December 2024,» Kedar Pathak, Xpheno's GCC specialist, told ET. GCCs saw a net addition of 60,000 in 2023; while gross hiring was 300,000, show Xpheno data.
Several factors will contribute to the growth, said Pathak.
Key Southern Hubs
States like Karnataka, Andhra Pradesh, Tamil
