Emerging Talent Hubs in IndiA: Hyderabad
The rise of Tier 2 and satellite cities in India is reshaping organizations' location strategies and talent acquisition approaches
Talent HubsHyderabadNavi MumbaiPuneIndiaJob MarketKpmgReal Estate PuneMay 29, 2024
The report highlights that 90% of companies leveraging the talent pool of satellite cities like Navi Mumbai and Gurugram are highly satisfied with the outcomes. Cities like Mumbai, Delhi, and Bengaluru attract talent from diverse industries, exhibiting the highest concentration. However, Hyderabad, Navi Mumbai, and Pune are rising to meet the growing demands and emerging as potential hubs for recruiters seeking diverse talent with critical skill sets.
The nature of work influences organizations' decision criteria, with Tier 2 cities often housing transactional and doer roles, while tactical and transformational roles are located near headquarters, primarily in Tier 1 cities and some satellite cities. The report found that 90% of companies believe that tapping into the talent pool of satellite cities has been highly beneficial for organizations, enabling them to broaden their talent base and attract high-quality candidates who seek opportunities close to their families and support networks.
Candidates now prefer office campuses that offer desirable features, including modern facilities, amenities like cafeterias and recreational spaces, state-of-the-art health and fitness clubs, a commitment to sustainability, and excellent connectivity infrastructure. These factors play a crucial role in attracting top-tier talent by providing a fulfilling work environment and promoting well-being, productivity, and work-life balance.
The report also highlights that Hyderabad, Navi Mumbai, and Pune rank amongst the top 3 in terms of overall quality of living. Chennai, Navi Mumbai, and Pune excel in safety, attracting those seeking secure environments. Emphasizing safety fosters inclusive work cultures that attract diverse talent, boosting overall success and reputation.
KPMG in India is a leading professional services firm that provides a wide range of services, including audit, tax, and advisory. KPMG's Business Consulting, People and Change Team report provides insights into the evolving talent dynamics in India and the emergence of new talent hubs.
KPMG in India is a part of the global KPMG network, which has over 219,000 professionals in 147 countries. The firm provides services to a wide range of clients, from small businesses to large multinationals, across various industries.
Frequently Asked Questions
What are the key factors driving the emergence of Tier 2 and satellite cities as talent hubs in India?
The key factors driving the emergence of Tier 2 and satellite cities as talent hubs in India include talent availability government support infrastructure development and cost considerations
Which cities are emerging as dynamic talent hubs in India?
Hyderabad Navi Mumbai and Pune are emerging as dynamic talent hubs in India driven by their growing talent pool infrastructure development and cost competitiveness
What are the benefits of tapping into the talent pool of satellite cities?
Tapping into the talent pool of satellite cities enables organizations to broaden their talent base and attract high-quality candidates who seek opportunities close to their families and support networks
What are the key features that candidates look for in an office campus?
Candidates look for office campuses that offer modern facilities amenities like cafeterias and recreational spaces state-of-the-art health and fitness clubs a commitment to sustainability and excellent connectivity infrastructure
How do cost-of-living differences across Indian cities affect compensation decisions?
According to the report 95% of leaders agree that cost-of-living differences across Indian cities do not affect compensation decisions
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