KPMG Report Highlights Hyderabad, Navi Mumbai, and Pune as Emerging Talent Hubs in India

Navi Mumbai, 29th May 2024: A recent report by KPMG highlights Hyderabad, Navi Mumbai, and Pune as vibrant talent hubs within India. This underscores the shifting employment landscape in Indian cities, where Tier 2 and satellite cities are gaining significance alongside major metros. Factors such as talent availability, government support, infrastructure development, and cost considerations are reshaping organizations’ decisions on location strategies and talent acquisition methods.

The report indicates that companies leveraging the talent pool of satellite cities, such as Navi Mumbai and Gurugram, report high levels of satisfaction, with at least 90 per cent expressing contentment with the outcomes. KPMG India’s talent availability study reveals a diverse talent pool across various locations, with Mumbai, Delhi, and Bengaluru attracting talent from diverse industries, boasting the highest concentration.

Hyderabad, Navi Mumbai, and Pune are emerging as key destinations for recruiters seeking diverse talent with critical skill sets, responding to the increasing demands of the market. The nature of work influences organizations’ location decisions, with Tier 2 cities often accommodating transactional and operational roles, while tactical and transformational roles are situated near headquarters, predominantly in Tier 1 cities and select satellite cities.

Moreover, 90 per cent of surveyed companies report significant benefits from tapping into the talent pool of satellite cities. This enables them to expand their talent base and attract high-calibre candidates who prioritize opportunities close to their families and support networks.

The report also highlights that Tier 1 cities like Mumbai, Delhi, Bengaluru, and Hyderabad experience higher attrition rates due to fierce competition and abundant career growth opportunities. In contrast, satellite cities like Navi Mumbai and Noida, along with Tier 2 cities like Kochi and Indore, exhibit lower attrition rates. This can be attributed to factors such as better work-life balance, proximity to family and support networks, and the availability of diverse career prospects.