GCCs in India expect 9.8% salary growth this year

Global capability centres (GCCs) in India are predicted to see a salary increase of 9.8% over the next year. This growth comes as companies adjust to changing talent needs and economic challenges. India currently hosts more than 55% of the world’s GCCs, making it a leader in this sector. A report from NLB Services highlights that GCCs are surpassing traditional IT services in terms of salaries and growth. The centres are expected to play a crucial role in providing agility and access to a large talent pool as they aim for a market size of USD 110 billion by 2030. Salaries for specialized roles, particularly in financial services, are experiencing significant increases. Positions such as Risk Analysts and Compliance Associates now offer salaries ranging from over Rs 6 lakh to Rs 90 lakh per annum. However, challenges remain, particularly with gender pay gaps. Women typically earn 75-85% of what men do, a discrepancy that widens with seniority. The report also shows that location impacts salary growth. Cities like Hyderabad and Mumbai lead in salary offerings, especially in IT and financial sectors. Delhi/NCR and Bengaluru also show competitive salary growth, particularly in Telecom and Internet Services. While junior and mid-level roles are seeing substantial salary increases, raises for senior roles are expected to be more modest. This is due to organizations focusing on cost efficiency at leadership levels. The GCC sector in India is projected to grow between 9-12% annually until 2030, indicating more salary growth on the horizon.