HYDERABAD: The cities of Hyderabad, Pune and Navi Mumbai, have emerged as dynamic
talent hubs
in the country and also rank among the top three in terms of overall quality of living.
“Cities such as Hyderabad, Pune and Navi Mumbai are rising to meet the growing demands and emerging as potential hubs for recruiters seeking diverse talent with critical skill sets,” said
KPMG
in India’s Talent Feasibility Report.
The report also points out that cities such as Mumbai, Delhi and Bengaluru have the highest concentration of talent and continue to attract talent from diverse sectors.
In terms of unique city-specific talent pool, Hyderabad offers skilled talent for IT, BFSI, professional services, e-commerce and infrastructure, while Pune scores in IT, BFSI, telecom and media, manufacturing, automobiles and professional services and Bengaluru has good availability of manpower in IT, e-commerce, BFSI, professional services and infrastructure.
While Chennai has an edge in manufacturing, automobiles related talent and Navi Mumbai scores on talent in IT, BFSI and telecom & media. Mumbai has unique skills in BFSI, telecom & media, professional services and e-commerce and Delhi in infrastructure, IT and Delhi NCR in automobile, Gurugram in professional services, manufacturing, e-commerce, telecom & media and automobiles, the report said.
According to KPMG, the nature of work is now influencing the decision criteria of organisations with tactical and transformational roles now located near headquarters mainly in Tier-1 cities and some satellite cities, and Tier-2 cities housing transactional doer roles.
The report says the employment scene in Indian cities is evolving, with Tier-2 and satellite cities also gaining prominence thanks to factors such as talent availability, government support, infrastructure development and cost considerations reshaping the talent acquisition approaches and location strategies of organisations.
While Tier-1 cities like Mumbai, Delhi, Bengaluru and Hyderabad have the highest attrition due to intense competition and career growth opportunities, satellite cities like Navi Mumbai, Noida and Tier-2 cities like Kochi and Indore have lower attrition rates.
From the talent perspective, employees look at the cost of living, including residential rent and property indices, local purchasing power index and overall cost of essentials like goods, utilities and transportation.
According to the study, while Hyderabad, Chennai and Navi Mumbai are becoming more attractive for organisations due to competitive commercial leasing prices, Hyderabad along with Chennai and Delhi also score on the lower cost of living indices. This even as Bengaluru, Gurugram and Pune offer a higher local purchasing power, while Chennai, Navi Mumbai and Pune score higher on safety.
