MNC R&D firms are increasingly finding quality talent in Tier II emerging and Tier III institutions at comparatively lower costs.
However, when it comes to selecting a university for research collaboration, Tier I institutions are preferred for long-term, high-budget research engagements, the report said.
"Leveraging the educational ecosystem in India is an imperative for MNCs looking to drive value and innovation out of their R&D centers in country," Zinnov CEO Pari Natarajan said.
Increasingly, the study found that companies are looking at sign on bonuses and stock options as a tool to attract talent on campus.
About 30 percent of the surveyed companies offered a sign-on bonus in the range of 50,000 to 2,00,000.
The estimated value of the stocks provided as benefits ranges between 1.5 lakh to 5 lakh.
Moreover, in addition to stocks, majority of companies also provide for a relocation allowance to campus hires in the range of 10,000 to 60,000.

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