Bumper Hiring: Over 200,000 people to be employed by MNCs, details here
Over 500 new GCCs are going to establish their tech centers in India by 2025. The total number of employees are going to increase up to 3-3.2 million by FY25. Currently this number stands around 1.5 million.
New Delhi: As many organisations ad MNCs look forward to bring back employees within the premise of their office, they have initiated the hiring process with full vigour. To fulfill their required number of vacancies they are looking forward to fill up a large number of posts that had been vacant for quite a long time.
The things are now turning back to normal, and these organisations are all set to hire new employees. The multinational firms that are working in India are all set to increase the count of current number of employees. The existing and upcoming global capability centers (GCC) in India are planning to hire around 180,000-200,000 employees by the end of this fiscal year, as reported by ET.
The companies that will be hiring with full vigour include Amex, Bank of America, Wells Fargo, Citi, Barclays, Morgan Stanley, HSBC, Standard Chartered, Goldman Sachs, Amazon, Target, Walmart, Shell, GSK, Abbott, Pfizer, Johnson & Johnson, Novartis, and Astra Zeneca as per Xpheno.
“The pickup in hiring post-pandemic is powered by a release of pent-up demand and expansion hiring by active GCCs. Further the hiring action by and for new captives in the making has added to the funnel hiring action.” This statement was given by the co-founder of Xpheno Ali Ethanur.
The world experienced a paradigm shift in their respective scope of works, following the onset of the pandemic. The firms are going to hire across spectrum. However, the major jobs are being rolled out for the role of solutioning, core development, DevOps, cloud and cyber security, virtualisation, data analytics, and enterprise mobility. Further departments that are looking for more employees include artificial intelligence/ machine learning, internet of things (IoT), robotic process automation (RPA), and blockchain.
India currently endorses around 1500 GCCs in India across various sectors including banking, financial services, and insurance (BFSI), IT software, automotive, pharmaceuticals, retail, oil, and gas. For the FY 2021 these sectors have collectively added around 170,000 jobs in India in 2021-22. The gross hiring stood at around 350,000 as per the reports by Xpheno. Over 500 new GCCs are going to establish their tech centers in India by 2025. The total number of employees are going to increase up to 3-3.2 million by FY25. Currently this number stands around 1.5 million.
The market cap too is expected to be recalibrated at $60 billion from $36 billion as per Xpheno.
Speaking to ET in a recent interview, Mohit Kapoor, global chief technology officer at consumer researcher Nielsen IQ said, “India as a market is very attractive from a commercial perspective. It also has one of the largest university systems with both quality and quantity of talent.” Nielsen is planning to hire over 5,000 people in the country at its three global hubs in Chennai, Vadodara, and Pune by the end of 2023. “Our India hubs will be of strategic advantage for us going ahead,” Kapoor added.
Meanwhile, praising India’s talent, Deutsche India’s CEO Dilip Kumar Khandelwal said, “India has a very deep talent pool and a large number of resources from across engineering and finance backgrounds.” Deutsche India has plans to hire 3,000 people this year mainly in its technology and operations teams. “India is a very important location in terms of Deutsche Bank’s overall footprint outside of Germany.”