Global Capability Centers Offer Higher Salaries Than IT Companies in India, Study Reveals

GCCs pay up to 20% more than IT cos: Study - Times of India

HYDERABAD: Global capability centres (GCCs) are not only rapidly making their presence felt across India's tech landscape in terms of their expanding footprint, which is now spilling over beyond tier-1 cities to tier-2 centres, but also when it comes to heftier pay packages. GCCs are offering 12-20% higher compensation compared to traditional IT products and services companies or even non-tech companies hiring for tech roles, the findings of a TeamLease Digital report show. India has over 1,600 GCCs employing over 1.66 million professionals. This is poised to touch 1,900 GCCs with over two million professionals by 2025, focusing on GenAI, AI/ML, Data Analytics, Cybersecurity, Cloud Computing, and RPA, the report said. This is even as the Indian tech industry is projected to reach $350 billion by 2025 with significant investments in AI, ML, and blockchain, up from $254 billion in FY24, it said. The report, which spans over 15,000 job roles, found that in the key functional areas such as software development and engineering, cybersecurity and network administration, data management and analytics, cloud solutions and enterprise applications management, project management and user experience as well as systems operations and technical support services, the compensation packages offered by GCCs across entry, mid and senior levels in top in-demand roles far outpace those offered by traditional IT and non-tech companies. The report also points out that metro cities such as Bengaluru, Gurgaon, Hyderabad, Delhi, Mumbai, and Chennai offer the highest salaries for tech job roles. Tier-2 centres like Jaipur, Indore, and Coimbatore, which are the upcoming hubs for GCCs and data centres, are seeing a growth in demand for functions of Data Science, Product Management, and Data Engineering. Krishna Vij, vice-president, TeamLease Digital, said GCCs, focused on advanced technologies such as Generative AI, AI/ML, Data Analytics, Cybersecurity, and Cloud Computing, are driving digital transformation and setting new standards in innovation. "The compensation in these centres is notably higher-ranging from 12% to 20% more than traditional IT services-underscoring the premium on digital skills," she said. "With 800 new GCCs anticipated in the next 5-6 years, this sector's growth is not limited to major cities like Bengaluru and Hyderabad. There is a growing expansion into tier-2 cities," Vij explained.

GCCs pay up to 20% more than IT companies: Study

Global capability centres (GCCs) are increasingly establishing a strong presence in India's tech sector, extending their reach from tier-1 cities to tier-2 centres. Additionally, they are offering more substantial pay packages. GCCs are offering 12-20% higher compensation compared to traditional IT products and services companies or even non-tech companies hiring for tech roles, as per findings of a TeamLease Digital report. India has over 1,600 GCCs employing over 1.66 million professionals. This is poised to touch 1,900 GCCs with over two million professionals by 2025, focusing on GenAI, AI/ML, Data Analytics, Cybersecurity, Cloud Computing, and RPA, the report said. This is even as the Indian tech industry is projected to reach $350 billion by 2025 with significant investments in AI, ML, and blockchain, up from $254 billion in FY24, it said. The report, which spans over 15,000 job roles, found that in the key functional areas such as software development and engineering, cybersecurity and network administration, data management and analytics, cloud solutions and enterprise applications management, project management and user experience as well as systems operations and technical support services, the compensation packages offered by GCCs across entry, mid and senior levels in top in-demand roles far outpace those offered by traditional IT and non-tech companies. The report also points out that metro cities such as Bengaluru, Gurgaon, Hyderabad, Delhi, Mumbai, and Chennai offer the highest salaries for tech job roles. Tier-2 centres like Jaipur, Indore, and Coimbatore, which are the upcoming hubs for GCCs and data centres, are seeing a growth in demand for functions of Data Science, Product Management, and Data Engineering. Krishna Vij, vice-president, TeamLease Digital, said GCCs, focused on advanced technologies such as Generative AI, AI/ML, Data Analytics, Cybersecurity, and Cloud Computing, are driving digital transformation and setting new standards in innovation. "The compensation in these centres is notably higher-ranging from 12% to 20% more than traditional IT services-underscoring the premium on digital skills," she said. "With 800 new GCCs anticipated in the next 5-6 years, this sector's growth is not limited to major cities like Bengaluru and Hyderabad. There is a growing expansion into tier-2 cities," Vij explained. (With TOI inputs)

GCCs pay up to 20% more than IT companies: Study

Global capability centers (GCCs) are increasingly impacting India's tech sector by expanding beyond major tier-1 cities into tier-2 centers and offering significantly higher pay packages. According to a TeamLease Digital report, GCCs offer 12-20% more in compensation compared to traditional IT and non-tech companies.Global capability centres (GCCs) are increasingly establishing a strong presence in India's tech sector, extending their reach from tier-1 cities to tier-2 centres. Additionally, they are offering more substantial pay packages. GCCs are offering 12-20% higher compensation compared to traditional IT products and services companies or even non-tech companies hiring for tech roles, as per findings of a TeamLease Digital report. India has over 1,600 GCCs employing over 1.66 million professionals. This is poised to touch 1,900 GCCs with over two million professionals by 2025, focusing on GenAI, AI/ML, Data Analytics, Cybersecurity, Cloud Computing, and RPA, the report said. This is even as the Indian tech industry is projected to reach $350 billion by 2025 with significant investments in AI, ML, and blockchain, up from $254 billion in FY24, it said. The report, which spans over 15,000 job roles, found that in the key functional areas such as software development and engineering, cybersecurity and network administration, data management and analytics, cloud solutions and enterprise applications management, project management and user experience as well as systems operations and technical support services, the compensation packages offered by GCCs across entry, mid and senior levels in top in-demand roles far outpace those offered by traditional IT and non-tech companies. The report also points out that metro cities such as Bengaluru, Gurgaon, Hyderabad, Delhi, Mumbai, and Chennai offer the highest salaries for tech job roles. Tier-2 centres like Jaipur, Indore, and Coimbatore, which are the upcoming hubs for GCCs and data centres, are seeing a growth in demand for functions of Data Science, Product Management, and Data Engineering. Krishna Vij, vice-president, TeamLease Digital, said GCCs, focused on advanced technologies such as Generative AI, AI/ML, Data Analytics, Cybersecurity, and Cloud Computing, are driving digital transformation and setting new standards in innovation. "The compensation in these centres is notably higher-ranging from 12% to 20% more than traditional IT services-underscoring the premium on digital skills," she said. "With 800 new GCCs anticipated in the next 5-6 years, this sector's growth is not limited to major cities like Bengaluru and Hyderabad. There is a growing expansion into tier-2 cities," Vij explained. (With TOI inputs)

GCCs pay 20% more than IT companies: Study | Hyderabad News - Times of India

Hyderabad: Global capability centres (GCCs) are not only rapidly making their presence felt across India's tech landscape in terms of their expanding footprint, which is now spilling over beyond tier-1 cities to tier-2 centres, but also when it comes to heftier pay packages. GCCs are offering 12-20% higher compensation compared to traditional IT products and services companies or even non-tech companies hiring for tech roles, the findings of a TeamLease Digital report show. India has over 1,600 GCCs employing over 1.66 million professionals. This is poised to touch 1,900 GCCs with over two million professionals by 2025, focusing on GenAI, AI/ML, Data Analytics, Cybersecurity, Cloud Computing, and RPA, the report said. This is even as the Indian tech industry is projected to reach $350 billion by 2025 with significant investments in AI, ML, and blockchain, up from $254 billion in FY24, it said. The report, which spans over 15,000 job roles, found that in the key functional areas such as software development and engineering, cybersecurity and network administration, data management and analytics, cloud solutions and enterprise applications management, project management and user experience as well as systems operations and technical support services, the compensation packages offered by GCCs across entry, mid and senior levels in top in-demand roles far outpace those offered by traditional IT and non-tech companies. The report also points out that metro cities such as Bengaluru, Gurgaon, Hyderabad, Delhi, Mumbai, and Chennai offer the highest salaries for tech job roles. Tier-2 centres like Jaipur, Indore, and Coimbatore, which are the upcoming hubs for GCCs and data centres, are seeing a growth in demand for functions of Data Science, Product Management, and Data Engineering. Krishna Vij, vice-president, TeamLease Digital, said GCCs, focused on advanced technologies such as Generative AI, AI/ML, Data Analytics, Cybersecurity, and Cloud Computing, are driving digital transformation and setting new standards in innovation. "The compensation in these centres is notably higher -- ranging from 12% to 20% more than traditional IT services -- underscoring the premium on digital skills," she said. "With 800 new GCCs anticipated in the next 5-6 years, this sector's growth is not limited to major cities like Bengaluru and Hyderabad. There is a growing expansion into tier-2 cities," Vij explained.