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Current Job Scenario

With a rapidly growing economy and a dream run for the Indian stock market, the job market is also following the suit. The ever increasing growth in economy has fuelled the demand for jobs and talent in practically all the sectors of the economy. India is today seeing a very healthy phenomenon where jobs in all sectors are growing and pushing up salaries, opportunities and resulting in better working conditions.

Retail Dream Run:
The ever increasing population of the Indian Middle Class and increasing levels of disposable income has resulted in opening up of new malls and shopping complexes not only in metros but also in far off places and other smaller cities and towns. The growing buzz in the shopping malls and markets indicates that the retail industry is slated to be the biggest generator of jobs in various categories like sales, logistics, customer care, finance and other areas in the years to come. Management continues to hold sway and is emerging as the backbone of every organisation. Thus there is a huge demand to professionally manager such malls and centres and huge premium is being offered to people with right experience and talent.

Moreover, the bulk of the action in the coming years will not be confined to the large cities where traditionally the big job market has been, but in smaller cities and towns, where consumers are becoming increasingly affluent.

With the growing middle class and the increasing purchasing power, the retail sector is all set to boom. As per the market buzz, talks are at an advanced stage for a tie up between Bharti and World leader Wal-Mart for entry of the same in Indian retail segment. Retail companies like Pantaloons have plans to take on around 8000 personnel in the next two years, Shopper's Stop is looking for 3000 more, while companies like Reliance and Tatas have huge plans to get into this sector too. In fact Reliance has already in the process of roping in right people with excellent packages and has opened up its stores in various cities. As the retail chain grows, so will be the opportunities and jobs.

According to the CII, the organised retailing in India is expected to touch Rs1,10,000 crore by 2010. With 5000 people required to man a single mall, and 250 malls expected to be set up in the next five years, organised retail in India will provide new jobs to 12,50,000 with various categories of skill set. Companies like the ITC also have plans to include agriculture retail, providing jobs to farm labour, while putting more money in the farmer's pocket and bringing farm products directly to the urban consumer.

With all these measures, Indian retail saga is likely to unfold like never before and there will be huge demand for people with right attitudes to be a part of the success story and reap the benefits. The right attitudes required for success in the sector are patience, customer care, ability to handle pressure and deadlines and an eye for detail as increased competition is going to put pressure on margins and would require all out efforts to manage costs.