Retail industry the next big recruiter in India
The retail industry is fast becoming the next big recruiter in India and we're not talking about a few thousand jobs, but millions of jobs.
Shopping is becoming a good way to pass time and it is also becoming one of the largest job generators in India. As the retail sector booms, India needs to gear up for the next round of job offers, over 10 lakh of them.
10 lakh is the number of employees the retail industry hopes to add by 2010. This will make retail the second largest employer in the country, close on the heels of the IT industry that is expected to add about 15 lakh jobs in that time.
And already just two players account for 60% of the expected hiring. Reliance has started with 2,000 on its rolls. CMD, Reliance Industries, Mukesh Ambani says, "This number would soon swell to 10,000 professionals and 500,000 young boys and girls over the next few years."
Chairman, Future Group, Kishore Biyani, "We are 20,000 people now and we will be 100,000 by 2010."
From manning shop floors to analysing consumer trends, to building relationships with suppliers, as malls mushroom, retailers will need large numbers of middle and lower management staff. But the challenge lies in training them. While most will look for on campus training, Reliance hopes to do it differently.
Mukesh Ambani says, "Our plan is to train them through e-learning, in an earn while you learn framework, in 1,500 cities around the country."
And there's a lot of earning to be done. Retailers say they are already paying the senior management amongst the highest salaries in the country. As recruitment picks up speed, attrition will force salaries to go up. So here's a sweet thought, by 2010, retail may not only be the biggest recruiter but also the highest paymaster.
moneycontrol.com
Shopping is becoming a good way to pass time and it is also becoming one of the largest job generators in India. As the retail sector booms, India needs to gear up for the next round of job offers, over 10 lakh of them.
10 lakh is the number of employees the retail industry hopes to add by 2010. This will make retail the second largest employer in the country, close on the heels of the IT industry that is expected to add about 15 lakh jobs in that time.
And already just two players account for 60% of the expected hiring. Reliance has started with 2,000 on its rolls. CMD, Reliance Industries, Mukesh Ambani says, "This number would soon swell to 10,000 professionals and 500,000 young boys and girls over the next few years."
Chairman, Future Group, Kishore Biyani, "We are 20,000 people now and we will be 100,000 by 2010."
From manning shop floors to analysing consumer trends, to building relationships with suppliers, as malls mushroom, retailers will need large numbers of middle and lower management staff. But the challenge lies in training them. While most will look for on campus training, Reliance hopes to do it differently.
Mukesh Ambani says, "Our plan is to train them through e-learning, in an earn while you learn framework, in 1,500 cities around the country."
And there's a lot of earning to be done. Retailers say they are already paying the senior management amongst the highest salaries in the country. As recruitment picks up speed, attrition will force salaries to go up. So here's a sweet thought, by 2010, retail may not only be the biggest recruiter but also the highest paymaster.
moneycontrol.com
posted by Yovan Shah at 12:08 PM
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