Over 50% GCCs cite talent retention as top concern: Report

The report reveals that high talent mobility is driven by limited career growth, compensation gaps, and work-life balance issues. The churn is most acute in working youth seeking diverse experiences and rapid growth at once

- PRESS TRUST OF INDIA

Around 51 per cent of Global Capability Centres (GCCs) in India, which hosts over 1,700 GCCs, find talent retention the most significant challenge as demand for specialised talent grows, a report said Thursday.

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.

Following talent retention, 23 per cent respondents found regulatory compliance as a challenge, while 18 per cent said it was cultural difference and 8 cited infrastructure limitation as a growing concern, the report added.