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, said ‘Talent Feasibility Report,’ prepared by KPMG's business consulting, people and change team. (Image: DC)
Hyderabad: 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, said ‘Talent Feasibility Report,’ prepared by KPMG's business consulting, people and change team.
These three cities rank amongst the top three in terms of overall quality of living. In today's work landscape, quality of life is paramount and factors like connectivity, commute time, safety, healthcare, and air quality are considered, the report said.
The report states that the employees consider residential rent, property indices, local purchasing power, and overall cost of essentials like goods, utilities, and transportation when evaluating the cost of living. Chennai, Hyderabad, and Delhi have lower cost of living indices, while Bengaluru, Gurugram, and Pune offer higher local purchasing power.
Candidates prefer office campuses that offer desirable features, including modern facilities, amenities like cafeterias and recreational spaces, health and fitness clubs, a commitment to sustainability, and excellent connectivity infrastructure. These factors play a crucial role in attracting top-tier talent by promoting well-being, productivity, and work-life balance.
Cities like Navi Mumbai, Hyderabad and Chennai are improving business environments by offering competitive commercial leasing prices, resulting in increased attractiveness for organisations seeking to set up operations in these locations, it said. Ease of doing business encompasses infrastructure development, government support, regulatory environment, and the availability of skilled resources.
Maximum attrition occurs in Tier 1 cities like Mumbai, Delhi, Bengaluru, and Hyderabad due to intense competition and career growth opportunities. Satellite cities like Navi Mumbai and Noida and Tier 2 cities like Kochi and Indore have comparatively lower attrition rates .
"By leveraging information like commercial leasing prices, availability of talent, quality of life for employees, and other metrics, organisations can position themselves, attract top talent, and maintain a competitive advantage,” said Sunit Sinha, partner, KPMG in India.
( Source : Deccan Chronicle )
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