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How GCCs Can Safeguard Top Talent Against Competitor Poaching?

How GCCs Can Safeguard Top Talent Against Competitor Poaching?
November 26, 2024

Reading Time: 5 min

As the demand for specialized talent continues to rise globally, the competition for skilled employees is fiercer than ever.

Global Capability Centres (GCCs) are particularly vulnerable to poaching, with both local companies and international competitors eager to tap into their well-trained, market-adaptable workforce.

With the time and resources invested in nurturing top talent, it’s crucial for GCCs to protect against poaching. In today’s landscape, conventional retention methods like competitive pay or occasional team outings may not be enough.

Here are a few actionable strategies that can help GCCs retain top talent by keeping employees engaged, fulfilled, and committed to the long haul.

Invest in ‘Career Portfolios’ Instead of Traditional Roles

GCCs can rethink career progression by moving beyond traditional role structures and offering employees “career portfolios” that allow them to take on various roles across projects.

A portfolio-based approach promotes a versatile skill set, encourages continuous learning, and lets employees experience different functions without leaving the organization. This approach reduces stagnation and builds employee loyalty by making career growth exciting and adaptable.

Encourage team leaders to identify and share cross-functional projects for employees seeking new experiences. Employees who feel challenged and supported in their career paths are less likely to look elsewhere.

Employees are more likely to stay with a company that invests in their career development. By offering growth through project diversity, GCCs can actively support this development.

Enhance Job Autonomy with Flexible Talent Deployment

Job autonomy is a powerful retention tool, especially for top talent seeking control over their careers.

Instead of rigidly assigning roles, GCCs can embrace flexible talent deployment, letting employees choose or propose projects that align with their career goals. This strategy offers a sense of ownership, empowering employees to build expertise while enhancing organizational value.

Create a system where employees can apply for specific projects or pitch initiatives aligned with personal and organizational goals. Such flexibility keeps top talent engaged, as they’re not restricted to fixed, long-term assignments.

Facilitate ‘Knowledge Sabbaticals’ and Learning Journeys

Offering “Knowledge Sabbaticals” is another innovative way for GCCs to engage and retain employees.

By giving top-performing employees a break from routine work to explore new skills, attend industry conferences, or visit other GCC locations, you’re showing a commitment to their personal growth.

These journeys not only bring fresh insights back to the company but also reduce the burnout that drives employees to look elsewhere. Develop a structured sabbatical program allowing employees to apply for a three-month break every few years.

The break can be for studying relevant topics, taking specialized courses, or even working in other departments within the organization.

Organizations offering learning and development opportunities experience much lower turnover rates, proving that such programs pay off in retention.

Cultivate a ‘Culture of Purpose’ with Employee-Driven Initiatives

Purpose-driven work is increasingly important to employees, particularly Millennials and Gen Z, who want to feel that their work aligns with their personal values.

GCCs can create a strong “culture of purpose” by supporting employee-driven initiatives, whether they are social responsibility projects, environmental sustainability, or community support programs.

When employees feel they’re part of something bigger than day-to-day tasks, they’re more likely to stay. Introduce a program where employees can propose and lead purpose-driven projects.

Consider initiatives that promote workplace sustainability, community support, or charity work—whatever resonates with your team. For GCCs, purpose can be a key differentiator in retaining talent.

Offer ‘Internal Gig Economy’ Opportunities

Allowing employees to take on short-term projects or “gigs” outside their primary roles can satisfy their curiosity and desire for growth.

An internal gig economy can be a great way to help employees broaden their skill sets, explore different interests, and avoid monotony, all without the need to seek such opportunities outside the organization.

Develop an internal platform where employees can apply for short-term gigs or projects that match their skills or interests. This system lets them sample new roles or teams, enriching their experience without needing to formally change positions.

Implement Transparent Growth Tracks and Self-Promotion Opportunities

Employees often feel more secure and committed when they clearly understand how to progress in their careers.

GCCs can implement transparent growth tracks where employees know what’s required to move forward, including clear performance metrics and opportunities for self-promotion. Empowering employees to communicate their achievements can also create a sense of recognition, helping them feel valued.

Create a quarterly forum where employees can share their accomplishments with leadership. Transparency and recognition help employees see their efforts are acknowledged, reducing the allure of external opportunities.

According to Glassdoor, employees who feel their contributions are recognized are less likely to look for new opportunities elsewhere. Transparent growth and self-promotion processes can be key to achieving this.

Conclusion

In today’s competitive talent landscape, GCCs need to go beyond standard retention practices to protect against poaching. By embracing the above-mentioned innovative strategies, GCCs can create an engaging, fulfilling workplace where employees feel valued and motivated to stay.

With these strategies, GCCs can not only retain top talent but also build a future-ready workforce prepared for long-term success.

IndiHire

IndiHire is a leader in talent search & Staffing Industry. We help organizations build an effective workforce by providing the right talent for their needs.