Shorter Gen Z tenures push replacement hiring to 40% in GCCs in Q4: Report
GCCs in India face high replacement hiring (40% in Q4) driven by shorter Gen Z tenures, impacting talent acquisition amidst high demand for AI and platform engineering skills.
•Global Capability Centres (GCCs) in India are seeing a surge in replacement hiring, reaching 40% in Q4.
•Shorter tenures of Gen Z employees are identified as a primary driver for this trend.
•Companies are adapting recruitment strategies to maintain stability while expanding operations.
Why it matters
This article highlights a critical shift in the Indian GCC talent landscape, directly influenced by evolving workforce dynamics (Gen Z tenures) and sustained high demand for AI-related skills. The increased replacement hiring indicates a need for companies to re-evaluate retention strategies and talent development programs, especially in specialized fields like AI and platform engineering. This trend has implications for the overall growth and stability of India's IT and tech services sector, which is a major contributor to the economy.
Impact:◇ Medium
Who should care:FOUNDERS, INVESTORS, GENERAL
Time Horizon:Immediate
Explain Simply →
Companies in India that hire tech workers are finding that younger employees are leaving jobs faster, so many new hires are just replacing people who left. This is especially true for jobs needing AI skills, which are in high demand.
