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Monday, May 26, 2014

E-commerce ready for creation of 50k new jobs in India.

10:19 PM

As foreign and domestic e-retail majors such as Amazon ,Snapdeal and Flipkart expand their businesses aggressively, hiring activities are expected to grow by over 30% in the sector and may help create up to 50,000 jobs in the next 2-3 years.According to leading human resources consultancy Randstad India, the hiring in this space is likely to rise by 20-30% in next few years on the back of entry of domestic online start-ups and e-commerce MNCs into Indian marketplace, as also because of setting up of back-office operations for various global businesses.

Another HR firm Unison International says that hiring has been rather slow in the e-commerce space over last couple of years, but recruitment may grow rapidly now by 33% over the previous year as various retail brands are also bringing in their business online.

As per findings of Jigsaw Academy, the e-commerce industry may create 15,000-50,000 jobs in the next three years for data analysts professionals alone.

"With global e-commerce giants entering India, demand for talent will increase along with compensation for top executives," Randstad India's Uppaluri said.

"The management and technical roles recruited from top B-schools and engineering campuses, have a starting package between Rs 8 to 12 lakhs per annum while senior executive compensations range from Rs 50 to 75 lakhs with attractive employee stock options plans (ESOPs)," he added.

Unison International MD Udit Mittal felt that the salary was more for this sector against the traditional retail "majorly because a lot of people who take up job in e-commerce are taking a higher risk as we never know if the e-commerce business model they are working towards will fly or can backfire".

"Traditionally data analysts in the BFSI sector are paid the highest salaries but e-commerce players are the new entrants, they are building their analytics capabilities and in a bid to get the right analytics talent, are offering lucrative salaries to analysts across levels," 

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