News: Decision to allow FDI in retail spurs action in job, placement market

#Updates

Decision to allow FDI in retail spurs action in job, placement market

  While proponents and opponents of FDI in retail are trying to explain the benefits and risks of allowing FDI in retail; nevertheless the decision to allow FDI in retail has spurred action in the search and placement market. According to Indian Staffing Federation, “FDI in retail is estimated to create approximately 4 million direct jobs and 5 million to 6 million indirect jobs, including contractual employment, within 10 years, making it the largest sector in organised employment.” These are early days yet, but recruitment firms have gone into a huddle to ensure they bag the mandates from retail companies about to enter India. Names have been sent to parent companies on domestic retail and supply chain heads, who can be poached.

 

While proponents and opponents of FDI in retail are trying to explain the benefits and risks of allowing FDI in retail; nevertheless the decision to allow FDI in retail has spurred action in the search and placement market. According to Indian Staffing Federation, “FDI in retail is estimated to create approximately 4 million direct jobs and 5 million to 6 million indirect jobs, including contractual employment, within 10 years, making it the largest sector in organised employment.” These are early days yet, but recruitment firms have gone into a huddle to ensure they bag the mandates from retail companies about to enter India. Names have been sent to parent companies on domestic retail and supply chain heads, who can be poached.

The retail sector is expected to grow at 10 – 12 percent per year, and according to Global Retail Development Index 2012, India ranks fifth among the top 30 emerging markets for retail. The $450-billion industry is the second largest employer in the country after agriculture. 

 

Source: The Economic Times

Topics: #Updates, #Jobs, Talent Acquisition

Did you find this story helpful?

Author

QUICK POLL

Is India Inc ready to support the gig economy?

On News Stands Now
q_auto,f_auto/v1575666839/mag-december-2019.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

.

Subscribe
And Save 59%

Subscribe now

How likely are you to recommend our content to a friend or colleague?

01
10
Selected Score :