Technology Centres Of Foreign Firms Offer 12-20% Higher Salaries Than IT Firms To Engineers

Bengaluru: Technology captives of foreign firms, popularly known as Global Capability Centres (GCCs) are better paymasters than the Indian IT services companies.

According to a news report quoting TeamLease Digital survey, GCCs are giving salaries that are almost 12 to 20 per cent higher than those offered by their IT services and non-tech sector counterparts.

While GCCs are paying Rs 9.7 lakh per annum which can go up to Rs 43 lakh per annum at a senior level of over 8 years of experience, IT products and services sector salaries for the same role at an entry-level pays about Rs 5.7 lakh per annum and goes up to Rs. 17.9 lakh per annum with more than eight years of experience.

The report, which spans over 15,000 job roles, found that in the key functional areas such as software development and engineering, cybersecurity and network administration, data management and analytics, cloud solutions and enterprise applications management, project management and user experience as well as systems operations and technical support services, the compensation packages offered by GCCs across entry, mid and senior levels in top in-demand roles far outpace those offered by traditional IT and non-tech firms.

The report also noted that around 1,600 GCCs are currently operating in India, which have employed over 1.66 million people. With an additional 800 GCCs expected to be established in the next five to six years, India’s role as a global tech hub is set to grow.

The report also pointed out that metro cities such as Bengaluru, Gurgaon, Hyderabad, Delhi, Mumbai, and Chennai offer the highest salaries for tech job roles. Tier-2 centres like Jaipur, Indore, and Coimbatore, which are the upcoming hubs for GCCs and data centres, are seeing a growth in demand for functions of Data Science, Product Management, and Data Engineering.

Skills experiencing increased demand include PyTorch, AWS, DevOps, NLP, Kubernetes, Hyperledger Fabric, Blockchain, Tableau, SQL, and ServiceNow.