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Rain of jobs as multinationals prepare to hire more than 2,00,000 employees in India. Details inside

New Delhi: With the rollout of vaccines and a decrease in Covid-19 cases across the country, most companies are now planning to have their employees work from the office. And with companies showing strong interest in bringing their employees back to their offices, the hiring process in many companies has also seen a slight increase in the post-pandemic period at present. Amid the reopening of industries across the spectrum, captive units of India-based multinational corporations are also expected to increase their workforce. According to a report by ET, the existing and upcoming Global Capability Centers (GCCs) in India are planning to hire about 180,000 to 200,000 employees by the end of this fiscal year.Also Read – Infosys Offers Exceptional Salary Rise and Employee Bonuses; Digital and AI workforce take center stage

the companies leading the hiring game include Amex, Bank of America, Wells Fargo, Citi, Barclays, Morgan Stanley, HSBC, Standard Chartered, Goldman Sachs, Amazon, Target, Walmart, Shell, GSK, Abbott, Pfizer, J&J, Novartis, and AstraZenecaamong others, according to Xpheno, a specialized recruitment company.

Anil Ethanur, co-founder of Xpheno, said, “The post-pandemic hiring recovery is fueled by a release of pent-up demand and the expansion of hiring by active GCCs. Additionally, the hiring action by and for the new would-be captives added to the funnel of the hiring action.

These companies are consider hiring for roles across the spectrum. But, as the world has become more digital post-pandemic, the best talent and the most in-demand roles are in the tech and digital space. Roles in solutions, core development, DevOps, cloud and cybersecurity, virtualization, data analytics and enterprise mobility are in demand. That aside, roles in artificial intelligence/machine learning, Internet of Things (IoT), robotic process automation (RPA), and blockchain continue to be in demand.

At present, there are about 1,500 GCCs in India in sectors such as banking, financial services and insurance (BFSI), computer software, automotive, pharmaceuticals, retail and oil and gas. This group of companies together created around 170,000 jobs in India in 2021-22, while gross hiring stood at around 350,000, according to data provided by Xpheno. And, with more than 500 new GCCs planning to establish their captive technology centers in the country by 2025, the total workforce is expected to double to 3.0 to 3.2 million by FY25, from 1 .5 million now, with the market size estimated at $60 billion. starting at $36 billion, according to Xpheno.

CCGs began to rise in the country after the Covid-19 outbreak, which also led to an increasing number of organizations opening up to the idea of ​​remote working. And, with the enrichment of India’s talent pool, especially in the field of technology, many multinational companies have rapidly transformed the country into a strategic hotspot. The main recruiters among GCCs in India are BFSI companies. In fiscal year 2022, the BFSI GCC cluster network added more than 60,000 jobs, representing nearly one-third of total net additions in the fiscal year. Other major sectors include software, automotive, pharmaceutical, retail, and oil and gas.

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 business perspective. It also has one of the largest university systems with both quality and quantity of talent. Nielsen plans to hire more than 5,000 people nationwide across its three global centers of Chennai, Vadodara and Pune by the end of 2023. “Our Indian hubs will be a strategic advantage for us in the future,” Kapoor added.

Meanwhile, praising India’s talent, Deutsche India CEO Dilipkumar Khandelwal said, “India has a huge pool of talent and a lot of resources from all walks of life. engineering and finance. Deutsche India plans to hire 3,000 people this year, mostly in its technology and operations teams. “India is a very important location in terms of Deutsche Bank’s overall footprint outside of Germany.”

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