View source for Global capability centres: India

==As in 2024==
[https://epaper.indiatimes.com/article-share?article=29_05_2024_021_002_cap_TOI  Shilpa Phadnis, May 29, 2024: ''The Times of India'']

GCCs have emerged as great paymasters, outshining their IT services peers. Around 100 Indian GCCs have top leaders netting nearly $1 million in annual compensation, including cash and stock rewards, says Lalit Ahuja, founder of consulting firm ANSR. These roles include India site leaders and SVPs who lead technology functions.

 Other roles too have seen a good increase in salaries. ANSR’s research shows that the average salaries for those who have around seven years of experience in digital roles have increased by 33% to $45,000 (Rs 38 lakh) in 2024, from $33,000 (Rs 28 lakh) in 2021. On the other hand, the median remuneration of employees in an IT services company in India was around Rs 9 lakh ($11,000) in FY23, up from Rs 5 lakh ($7,400) in FY15 – a CAGR of 8% over the last eight years, in line with industry revenue growth, says a report by Goldman Sachs.

 Consulting firm Zinnov estimates that GCCs gave increments of 12.6% last year, even as most major IT services com- panies deferred salary increments or gave it only to select few top performers. Those at junior levels in GCCs received on average 13.2% increments. Top performers, Zinnov says, received average increments of 20.2%.

 An HSBC report highlights that GCCs’ cost per head is 30%-40% higher than that of Indian IT services providers, given that GCCs have traditionally hired laterally, and have far fewer freshers. GCCs also give higher salaries for the same level. However, as IT service providers have a significant offshore markup (pricing over costs), GCCs’ cost per head is 20-25% cheaper than the billing rate of service providers, says HSBC analysts Yogesh Aggarwal and Prateek Maheshwari. 

An EY report says that the overall cost of a full-time employee in a GCC will increase from the current average levels of $29,100, to $37,760 by 2030. According to its research, the cost per employee has increased by 27% from the year 2019 to 2023. However, it is expected to increase by 30% from now until 2030.