India has become a global hub for MNCs to set up their Global In-house Centers (GICs) because of its rich talent pool of skilled talent available at extremely competitive compensation packages. According to the Decoding Jobs 2023<\/a> report, India currently accounts for about 45% of the world\u2019s GICs which collectively generate annual revenues of over USD 33.8 billion.<\/p>\n\n\n\n In the coming years, this number will only increase, with NASSCOM <\/a>predicting the addition of 500 more GICs to the existing tally of 1500 by 2026. The industry is expected to see a growing demand for professionals skilled in relatively new technologies such as AI, IoT, and 5G, creating about 300,000-350,000<\/a> new opportunities.<\/p>\n\n\n\n However, one key challenge here is the availability of talent. GICs are hubs of excellence and require professionals skilled in the latest digital skills and technologies. The talent sought by GICs has a limited pool, and companies have to face fierce competition for hiring such talent.<\/p>\n\n\n\n One way GICs can onboard such talent early on and stay ahead of the curve is by building relationships with colleges and universities through campus collaborations. In this article, we will explore the hiring challenges faced by GICs and how campus collaborations can prove to be a successful recruitment strategy.<\/p>\n\n\n\n GICs in India are grappling with several talent acquisition challenges. As per Taggd\u2019s Decoding Jobs 2023 report, some of the major challenges faced by GICs in India are:<\/p>\n\n\n\n Here is how campus collaboration can enable GICs to overcome the above challenges:<\/p>\n\n\n\n Campus collaborations provide GICs with access to a large pool of young, enthusiastic, and skilled graduates from different academic institutions who are trained in the latest technology disciplines. Campus hires have an open mind, and can be trained and nurtured to meet the specific requirements of the GIC.<\/p>\n\n\n\n A campus recruitment strategy allows GICs to build a positive brand image among students. Employees want the companies to go the extra mile beyond just providing a competitive salary, and GICs with strong culture advantages and employee welfare programs can capitalize on such recruitment opportunities to widely communicate such employment benefits.<\/p>\n\n\n\n GICs with strong campus recruitment strategies can engage with students from their early years, and introduce them to the benefits of their workplace culture in a more detailed manner by organizing industrial visits, boot camps, employee interactions, and internships.<\/p>\n\n\n\n Satisfied students and faculty members can even become brand ambassadors for the GIC and promote job opportunities for future cohorts as well. This can help GICs to attract and retain top talent, creating a sustainable competitive advantage.<\/p>\n\n\n\n Campus collaborations can be a cost-effective way of recruiting talent compared to other recruitment channels. That\u2019s because this hiring strategy can create a long-term talent pipeline that allows GICs to continuously recruit from the same universities over time. By building relationships with academic institutions, GICs can reduce their recruitment costs and improve their return on investment (ROI) in the long run.<\/p>\n\n\n\n By recruiting from different universities, GICs can access talent from diverse backgrounds, cultures, and perspectives. This can help GICs to build a more innovative and creative workforce, which is essential in today\u2019s competitive business environment.<\/p>\n\n\n\n Multinational corporations from countries like North America, Japan, Europe, New Zealand, and many more are taking active steps to leverage the skilled talent available in India. To ensure successful hiring in such a competitive space, GICs need to invest in building strong relationships with academic institutions and create an effective campus recruitment strategy to benefit from a large pool of skilled talent who can be easily trained to the company\u2019s way of working.<\/p>\n\n\n\n If you want to learn more about the latest trends in the GIC job market and assess how they can impact your organization\u2019s recruitment strategy, we encourage you to read our Decoding Jobs 2023 report.<\/p>\n\n\n\nTop Hiring Challenges Faced by GICs in India<\/h2>\n\n\n\n
\n
Benefits of Campus Collaboration for GIC Recruitment<\/h2>\n\n\n\n
Access to a large pool of skilled talent<\/h2>\n\n\n\n
Brand building<\/h2>\n\n\n\n
Cost-effective recruitment<\/h2>\n\n\n\n
Diversity and inclusion<\/h2>\n\n\n\n
Go Ahead & Leverage the Potential of Campus Recruitment Now<\/h2>\n\n\n\n