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New Indian Express
13-06-2025
- Business
- New Indian Express
Toyo Japan and MODEC open GCC centre in Bengaluru; to hire 750 employees
BENGALURU: Many multinational companies are now setting up Global Capability Centres (GCCs) in India and the recent one to join the list is Toyo Engineering Corporation (Toyo Japan) and MODEC. On Friday, they opened a GCC centre in Bengaluru. The centre will focus on high-value services including Front-End Engineering Design (FEED), Procurement, and FPSO Project Support. Officials said they are planning to increase the workforce from 200 professionals currently to 750 employees over the next three years. Hirohiko Miyata, President and CEO, MODEC, said, "Establishing a GCC in Bengaluru enables us to deliver smarter, more efficient solutions at scale, aligned with the increasingly complex demands of global FPSO projects." Nakane Tsutomu, Consul General of Japan in Bengaluru, said Bengaluru continues to be a strategic hub for Japanese GCCs, driven by its digital excellence and engineering talent. With this GCC, the company aims to enhance operational agility and execution quality across global projects. Though GCCs are creating several job opportunities, attrition is also a growing concern currently. Recently in its study, HR solutions provider CIEL HR revealed that 51% of GCCs in India cite talent retention as their top challenge, amid a sharp rise in attrition, job-switching intent, and employee disengagement. With demand for niche skills like AI, Machine Learning, and Cloud Computing creating a surge in the need for specialised talent, organisations are facing intense competition to attract and retain top professionals, making it increasingly difficult for GCCs to hold on to their talent. Aditya Narayan Mishra, Managing Director and CEO of CIEL HR, said, "India hosts over 1,700 GCCs, nearly 50% of all GCCs worldwide, highlighting the country's pivotal role in global innovation and high-value delivery. Over time, GCCs have transformed from cost-efficiency centres into strategic engines for their respective parent entities, and at the same time, they drive economic growth, job creation, and regional development for India." However, he added rising attrition and talent mobility demand a decisive shift from transactional approaches to holistic employee engagement.
Time of India
05-06-2025
- Business
- Time of India
Majority of GCCs in India cite talent retention as top concern: Report
Talent retention is the most significant challenge faced by GCCs, with 51 per cent of respondents identifying it as their top concern, end-to-end HR solutions provider CIEL HR's 'CIEL Works: GCC - Talent Trends and Insights' report revealed. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai, Around 51% of Global Capability Centres in India, which hosts over 1,700 GCCs, find talent retention the most significant challenge as demand for specialised talent grows, a report said on retention is the most significant challenge faced by GCCs, with 51% of respondents identifying it as their top concern, end-to-end HR solutions provider CIEL HR 's 'CIEL Works: GCC - Talent Trends and Insights' report talent retention, 23% respondents found regulatory compliance as a challenge, while 18% said it was cultural difference and 8 cited infrastructure limitation as a growing concern, the report report is based on the data and analysis of 76,000 executives working in the GCC sector in India and 5,111 job postings from job further revealed that the GCC sector is witnessing significant talent mobility , with 52% of the overall workforce open to to data, the disengagement or restlessness could be due to limited career growth, compensation gaps, or work-life balance signals a competitive talent market, with risks of talent drain and increased recruitment costs. However, it also offers an opportunity for GCCs to attract top talent, it the report found that this trend varies notably across functions, with 55% of product development professionals and 45% of IT professionals expressing openness to new 23% of all executives who changed jobs in the last year belonged to the 'Product' category, underscoring the high mobility and demand for product talent, it added."The rising attrition and talent mobility demand a decisive shift from transactional approaches to holistic employee engagement . Today's workforce seeks more than pay, they want career progression, flexibility, inclusivity, and purpose. To stay ahead, GCCs must invest deeply in career development, strengthen employer branding, and build workplace cultures that foster trust, growth, and belonging," CIEL HR Managing Director and CEO Aditya Narayan Mishra churn is most acute among younger professionals where, early-career professionals (0-5 years) show the highest mobility at 47.6%, driven by the pursuit of diverse experiences and rapid growth, followed by mid-level professionals (6-15 years) exhibiting a 42.9% turnover, motivated by aspirations for leadership and greater responsibility, said the executives (16+ years) demonstrate the lowest mobility at 9.4%, valuing stability and long-term impact, added the report.
