Sluggish hiring activity in the IT services sector has seen a cooling down in the talent competition over the past six quarters, causing a 30-40% moderation of the premium value paid by GCCs, said Kedar Pathak, GCC specialist, Xpheno. Certain mid-senior level tech roles, where 16-20% premium pay were in play, have moderated to 10-12% premiums, he said.
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