GCC Jobs Update - High Paying IT Jobs Coming to India in 2024 | IT Industry News | Tech Jobs 2024

Summary

Astrena has announced an expansion of their GCC in Chennai. GCCs, or Global Capability Centers, have been in India for decades, initially focusing on support and maintenance tasks. Post-COVID, their scope has widened to include more core functions due to cost advantages and remote work adaptability. Companies like RO, Pfizer, and Novartis have established GCCs in Chennai and Hyderabad. Key recruiting sectors include data analytics, enterprise mobility, security, and cloud infrastructure. Major opportunities exist in semiconductor, automotive, and logistics industries across cities like Pune, Bangalore, Hyderabad, and Chennai. For job seekers, GCCs offer higher salaries and better work-life balance.

Takeaways

• 🌟 AstraZeneca is expanding their Global Capability Center (GCC) in Chennai, joining other pharmaceutical companies like Roche and Pfizer that already have GCCs in the area.
• 🏢 GCCs are Global Capability Centers that have been operating in India for about 20-30 years, primarily focused on support, maintenance, finance, and accounting tasks that can be automated.
• 💼 Cost arbitrage is a significant factor in setting up GCCs in India, with lower real estate and talent costs compared to Western countries.
• 📈 The GCC boom has accelerated post-COVID, as companies realized the potential for remote work and the need for expanding in-house capabilities rather than outsourcing.
• 🏦 Confidentiality and privacy concerns are driving some companies to handle sensitive work in-house, leading to the establishment of GCCs for tasks like banking.
• 💰 Working in a GCC can offer at least a 20% higher salary compared to IT service providers, along with a more lifestyle-friendly culture.
• 📊 Recruitment in GCCs is happening across various fields including data analytics, enterprise mobility, security, and cloud infrastructure, indicating a shift from just support functions to core work.
• 🌐 Opportunities in GCCs are not limited to IT jobs; they span across different industries and roles, from entry-level to senior management.
• 🚀 Semiconductor companies like AMD, Nvidia, and Texas Instruments are among those expanding their GCCs, particularly in Bangalore and Hyderabad.
• 📍 Geographical fit is crucial for job seekers; understanding where industries like automotive, pharma, and logistics are setting up their GCCs can help in finding relevant opportunities.

Q & A

What is Astrena and what announcement did they make recently?

Astrena is a pharmaceutical company, and they announced earlier this month that they are expanding their existing Global Capability Center (GCC) in Chennai.

What are Global Capability Centers (GCCs)?

Global Capability Centers (GCCs) are specialized centers set up by companies in various countries to handle support functions like maintenance, finance, accounting, and other non-core tasks. They have been in India for about 20 to 30 years.

Why do companies set up GCCs in India?

Companies set up GCCs in India due to the cost advantages, including cheaper real estate and lower talent costs compared to Western nations. Additionally, the ability to perform work remotely, especially post-COVID, has further encouraged this trend.

What has changed in the nature of work handled by GCCs since COVID-19?

Since COVID-19, companies realized that remote work is feasible for more significant tasks. As a result, GCCs are now handling more critical and confidential work that was previously outsourced to IT service providers.

What advantages do GCCs offer to employees compared to IT service providers?

GCCs offer employees higher salaries (at least 20% more) and a more lifestyle-friendly work culture, with fewer urgent client demands compared to IT service providers.

Which industries are currently expanding their GCCs in India?

Industries expanding their GCCs in India include the semiconductor industry with companies like AMD, Nvidia, and Texas Instruments, as well as pharma and biotech industries, and logistics companies like UPS.

What job roles are in demand in GCCs?

Job roles in demand in GCCs include data and analytics, enterprise mobility, security, and cloud infrastructure. Recruitment is happening across these dimensions.

Can individuals from IT service providers transition to GCCs?

Yes, individuals from IT service providers can transition to GCCs. They should look for opportunities within GCCs, which often require talent across various levels and roles.

What geographic trends are seen in the establishment of GCCs in India?

Geographic trends include semiconductor companies setting up in Bangalore and Hyderabad, pharma and biotech companies in Hyderabad and Chennai, and logistics companies like UPS in Chennai.

How can individuals find job opportunities in GCCs?

Individuals can find job opportunities in GCCs by searching on platforms like LinkedIn and other job portals, focusing on companies expanding their GCCs in their respective cities or industries.

Outlines

00:00

📢 Expansion of GCCs by Pharma Companies

AstraZeneca has announced the expansion of their Global Capability Center (GCC) in Chennai. Other pharma companies like Roche, Pfizer, and Novartis have also established GCCs in India. This video will highlight companies recruiting for their GCCs, their locations, and the types of job opportunities available. The video will also explain the concept of GCCs, their benefits, and the recent boom in their establishment due to COVID-19 and cost advantages in India.

05:00

🏢 What are GCCs and Their Advantages?

GCCs, or Global Capability Centers, have been in India for 20-30 years, initially focusing on support and maintenance tasks. They became popular due to cost arbitrage—lower real estate and talent costs in India compared to Western countries. Post-COVID, companies realized the potential of remote work, leading to a surge in GCC setups. Companies prefer in-house GCCs for confidential tasks, offering higher salaries and better work-life balance compared to IT service providers.

💼 Job Opportunities and Industries in GCCs

There is significant recruitment in GCCs for roles in data analytics, enterprise mobility, security, and cloud infrastructure. Recently established GCCs are largely in the semiconductor space, with companies like AMD, Nvidia, and Texas Instruments expanding their facilities in India. Other companies like Edge, GoEx, and M91 Technology Corporation are also setting up bases in India, creating numerous job opportunities.

🌏 GCC Job Opportunities in Different Indian Cities

GCC job opportunities vary by city and industry. Pune is known for automotive-related GCCs, Bangalore and Hyderabad for semiconductor companies, and Hyderabad and Chennai for pharma and biotech. Logistics companies like UPS are setting up bases in Chennai. Regardless of your current industry, you can find opportunities at various levels in these GCCs. Check job openings on platforms like LinkedIn.

🔍 Research and Future Topics on GCCs

To provide detailed information, the video creator uses expensive reports from companies like Zinnov and NASSCOM. Viewers are encouraged to subscribe to the channel for more such insights. Future videos may explore specific industries and their geographic hubs for GCCs. Feedback and topic requests are welcomed in the comments.

Keywords

💡Global Capability Centers (GCCs)

Global Capability Centers (GCCs) are offshore units that handle various business functions for companies, often including support, maintenance, finance, and accounting. They have been in India for about 20 to 30 years and have expanded their roles to include more core functions after the COVID-19 pandemic. GCCs leverage cost advantages in real estate and talent in India.

💡Cost Arbitrage

Cost Arbitrage refers to the strategy of exploiting cost differences between countries to reduce expenses. Companies establish GCCs in India due to lower real estate and talent costs compared to Western countries. This has driven the growth of GCCs in India since the 1990s and 2000s.

💡COVID-19

COVID-19 pandemic has significantly influenced business operations globally, leading to a greater acceptance of remote work. This shift allowed companies to realize the potential for expanding GCCs to handle more important tasks, beyond just support functions, which contributed to the recent boom in GCC establishments.

💡Pharma Companies

Pharma companies like Astrena, RO, and Pfizer are among the firms expanding their GCCs in India. These companies are setting up centers in cities like Chennai and Hyderabad, taking advantage of India's cost benefits and talent pool. The presence of these companies highlights the growing trend of diverse industries establishing GCCs in India.

💡Confidential Work

Confidential Work refers to sensitive tasks that companies prefer to handle internally rather than outsourcing to external service providers. Banks and other institutions often maintain such work within their GCCs to ensure privacy and security. This trend underscores the importance of GCCs in managing critical and sensitive operations.

💡Recruitment in GCCs

Recruitment in GCCs has been increasing, particularly in fields such as data analytics, enterprise mobility, security, and cloud infrastructure. The demand for talent in these areas indicates the expanding scope of work handled by GCCs, moving beyond just support functions to more strategic roles.

💡Semiconductor Companies

Semiconductor companies like AMD, Nvidia, and Texas Instruments are expanding their GCCs in India. These companies are establishing or growing their bases in cities like Bangalore and Hyderabad, reflecting the trend of technology firms leveraging India's capabilities for their global operations.

💡Geographical Fit

Geographical Fit refers to the suitability of specific locations for particular industries based on the availability of talent and other factors. For example, Pune is known as an automotive hub, attracting GCCs from that sector, while semiconductor companies prefer Bangalore and Hyderabad, and pharma and biotech firms favor Hyderabad and Chennai.

💡Higher Salaries in GCCs

Higher Salaries in GCCs indicate that these centers typically offer at least 20% more pay compared to IT service providers. This financial incentive, along with a better work-life balance and less client-imposed pressure, makes GCCs an attractive employment option for professionals in India.

💡IT Service Providers

IT Service Providers like TCS and Infosys often collaborate with GCCs, with their employees sometimes working directly within GCCs to handle specific projects. Despite the presence of these service providers, companies are increasingly setting up their own GCCs for more control over confidential and critical operations.

Highlights

Astrena is expanding its existing GCC in Chennai.

Several other Pharma companies have GCCs in Chennai, including RO and Pfizer.

A major Pharma company with its GCC setup in Hyderabad is also mentioned.

GCCs (Global Capability Centers) have been in India for 20-30 years, focusing on non-core functions like support, maintenance, finance, and accounting.

The low cost of real estate and talent in India are key factors driving the establishment of GCCs.

The COVID-19 pandemic accelerated the GCC boom due to the realization that remote work is feasible for more important tasks.

Companies prefer setting up their own GCCs for confidential work instead of outsourcing to IT service providers like TCS or Infosys.

GCCs tend to offer a 20% higher salary compared to IT service providers, attracting more talent.

Recruitment in GCCs is happening across various domains such as data and analytics, enterprise mobility, security, and cloud infrastructure.

More than 30% of the new GCCs in the past year are from the semiconductor space, with companies like AMD, Nvidia, and Texas Instruments expanding their facilities.

Opportunities in different cities: Pune for automotive, Bangalore and Hyderabad for semiconductors, and Chennai for pharma, biotech, and logistics.

Candidates from IT service providers can apply for roles in GCCs, as these centers need talent across various levels and job roles.

Encouragement for viewers to research job opportunities in GCCs within their cities and apply accordingly.

The video emphasizes the higher salaries and better work-life balance offered by GCCs compared to traditional IT service providers.

Subscription and viewer engagement are requested to support further research and video production.

Transcripts

hello everybody astrena has announced

earlier this month that they're

expanding their existing GCC in Chennai

and astrogenic if you're not aware is a

Pharma company and it's not just Asen

but there are a few more Pharma

companies which have their existing gccs

within Chennai to name a few one is RO

the other one being fizer and the other

major Pharma company which has its GCC

setup in Hyderabad is no what is I will

give in this specific video a few names

of the companies which are recruiting

which have established their gccs

recently in the country and hence you

might probably want to check out which

job opportunities you might be eligible

for in these companies and before I jump

into the company specifics let me just

give you a background on what the gcc's

are about and what are some of the

things that they look for Within These

candidates and a broader spectrum of

where are these GCC jobs located in the

country and before we continue just

click on the Subscribe Channel and also

like the video so that we reach out to

more folks the first point that I want

to cover is what are gcc's and why are

we hearing this name a lot in the recent

past firstly gcc's are Global capability

centers which have been in India now for

about 20 to 30 years so there is nothing

new as such previously they used to do

work around support maintenance Finance

accounting whatever can be automated

whatever is not considered to be the

core function within a company they used

to say that hey we can rather have our

small team in some lowcost country and

get that work done from there and that

is how these gccs have started cost

Arbitrage and what is this cost mean

where are the elements of low cost

within India two aspects number one is

don't forget the real estate cost in

India is relatively cheaper compared to

the Eastern European countries or any

Western World and hence they started

looking into India the second cost

element is the talent cost the people

pay that they need to give to the people

to get this work done of course it is

cheaper compared to the Western Nation

and these two cost elements have started

pushing companies to set up their gccs

in India from 1990s and 2000s and after

a certain point they realized that they

can get work done remotely and even

important work and when did this

Behavior start by the way this Behavior

started after covid once people started

doing work remotely the companies

realized that there is a scope for us to

expand gccs and that is the reason why

this GCC boom has picked up after covid

and there is also one additional reason

why gcc's are setting up their own

centers rather than Outsourcing it to

TCS infosis or any other it service

provider by the way they still do

Outsource a lot of this work but

whenever there is any work which is

confidential they don't want to move it

out of their servers that privacy is

mandatory specifically for banks they

are doing that work inhouse and

surprisingly they would rather want

employees from infosis TCS or any of

these service providers to come and work

from their campus within the GCC in

India itself so if you are working in

any of these it service companies and if

you have visited the GCC office within

India your client office and work from

there do let me know in the comments and

the next one is they look for culture

fit now you might ask me hey what's in

it for me well research very clearly

suggests that the GCC is pay at least

20% more compared to IT service

providers so you can see that for you

specifically there is a Advantage with

respect to salary and also there is

never a question around hey we need to

submit something to the client

immediately so do this there is no such

kind of client within the GCC world

because you are working within the

company and hence you are looking at

more lifestyle friendly culture and high

amounts of returns within your bank

account so now you know that hey there

is clear Advantage with respect to GCC

what are some of the rules or

technologies that you can Target and the

first one is there is a lot of

recruitment happening in data and

analytic space then there is Enterprise

Mobility then there is security and

finally Cloud infrastructure earlier it

used to be only support functions but

there is a lot more of core work and

hence the recruitment is happening

across all these Dimensions Within These

gccs now you might ask hey but I'm in my

regular it job do I get to work in these

companies the answer is absolutely yes

you have to just look for the

opportunities that are coming out in

these companies and where are

opportunities right now within the GCC

space if you think about about it more

than 30% of the gcc's that have started

in the last one year or 6 months they

are from semiconductor space known

companies such as AMD Nvidia Texas

Instruments they are expanding their

existing facilities on the other hand

Edge goex m91 Technology Corporation

these type of companies are also setting

up their new bases within Indian market

so if you are interested do check out

the opportunities within the

semiconductor industry the other way in

which you can also check out is the

geographical fit hey I'm currently

residing in Pune what are the

opportunities available for me I'm in

Chennai what are the opportunities

available for me before we discuss this

specific aspect a quick request please

do subscribe to the channel if you

haven't already because to do this

specific kind of research I have to go

and get some reports from companies like

zenov or from nascom and these reports

are costing between 10,000 to 20,000

rupees per individual report I'm trying

to get them but I would love to it only

if I get more and more interest with

respect to this topic so please do like

it let me know in the comments if you

really want to get this type of

information now moving on to the next

segment which is a what are the job

opportunities available in different

cities the first one is let's take Pune

for example Pune is known as the

automotive Hub within our country and

hence a lot of gcc's are also

establishing their centers in Pune why

because there is Talent available within

that particular segment if you if you

look at semiconductors semiconductor

companies are setting up their gccs in

Bangalore and in Hyderabad Pharma and

biotech these companies are establishing

their base in Hyderabad and in Chennai

logistics companies are setting up their

bases for example UPS they are setting

up their bases in Chennai so you can

very clearly see the trends between hey

which companies belong to which

Industries and what is the potential

geography where they are setting up

their base so if you are sitting in a

specific City and you are working for an

IT service provider please do check

which kind of companies are setting up

their GCC centers within your city and

do apply accordingly you might say that

hey but I'm not from Pharma can I apply

absolutely yes because they need people

across different hierarchy levels entry

level mid management senior level Guys

across different job roles so they need

people if you are looking for job

opportunities do check out these

specific names that we already discussed

in the video and search for job openings

through Linkedin or through any other

jobs platform now if you want me to look

into any specific industry and the hubs

where these industries are set up do let

me know and I'll try to do that in the

next coming videos hope this video is

helpful guys do let me know in the

comments if you want me to add any more

information related to gcc's and we'll

be happy to do that see you again in the

next one bye-bye