The world is in a state of flux as key factors driving decisions are changing every day – an impending recession, the resultant economic slowdown, geopolitical tensions, etc. But what remains unwavering is the demand for skilled digital talent. As companies deal with the dichotomy of layoffs on one hand and shortage of skilled professionals on the other, talent stands at the core of creating a defensible moat against these dynamic disruptions. And companies want to gain access to top-notch talent to de-risk their business and accelerate their innovation and digitalization initiatives. Hence, Globalization has become the go-to strategy to address these challenges.
Companies are also looking to set up Global Capability Centers (GCCs) or Captive Centers as they were formerly called, as more and more enterprises are insourcing multiple IT functions. A recent Zinnov survey revealed that 77% of the companies insourced previously outsourced IT functions. But why? Insourcing provides control over processes, quality, and IP, while also helping increase speed and agility, and improving customer service. Moreover, newer talent hotspots provide the opportunity to engage with fresh global talent, ensuring scalability and flexibility for companies. This is especially true when companies are driving multi-location strategies such as digital transformation, innovation, and Intelligent Automation.
With multiple talent hotspots across the world for companies to build scalable and flexible GCCs, which are the top 5 destinations where all parameters converge to create conducive ecosystems? Which of the hotspots have the capacity to house 100- and 1000-member software engineering teams? This report unveils these nuances and how companies can leverage the insights from this report to outline and optimize their globalization strategies.
While all 17 countries in this analysis have proven software engineering capability, in terms of building scalable GCCs, India, Canada, China, Poland, and Mexico are the Top 5 Talent Hotspots of the World.
To accelerate your organization’s growth and innovation journey, while bringing in higher efficiencies and productivity, you need access to the best global talent. We can help you establish high-performing Global Capability Centers with top-notch infrastructure, high impact HR policies, and a partner ecosystem that is conducive for innovation.
For more details about working with us, drop us a note at email@example.com and we will get in touch with you.
A Center of Excellence (COE) is defined as a body in an organization that has leading-edge knowledge and competency in a particular area and is comprised of highly skilled individuals and experts.
Zinnov evaluated 17 countries across North America, Latin America, Central and Eastern Europe, and Asia Pacific to narrow down the COE hotspots of the world. Of these, 4 countries are emerging hotspots, while the rest are established global hotspots.
The insights and analyses from this report will benefit key stakeholders and decision makers such as CXOs, Strategy, Operations, and HR leaders from global MNCs; Operating Partners at Private Equity firms.
We have selected the 17 countries based on the fact that all of them show high potential to house software engineering teams. Zinnov’s extensive experience of working with global technology organizations, PE firms, and Technology Service Providers, uniquely positions us to evaluate key aspects such as the presence of significant talent pool, ecosystem maturity, affordable costs, and ease of doing business in terms of geopolitical stability, English proficiency, and IP and Data Privacy – that make any country a global talent hotspot.
Organizations set up global COEs or GCCs to –
An organization can measure the success of their COE by measuring –
Here are the top key levers to build successful Centers of Excellence:
An effective COE must have the following attributes in order to drive high-impact value and ROI –