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As the online industry in India witnesses rapid growth, its talent practices are proving to be a game changer for all sectors. Will other industries resist the talent pull? Read our cover story to find out more.
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www.peoplematters.in
Talent is logging in. Are you?
As the online industry in India witnesses rapid growth, its talent practices are proving to be a game changer for all sectors. Will other industries resist the talent pull?
The boom of the domestic online industry is being amplified by the huge movement of talent from across the industries to the online businesses.
With the rapidly expanding e-commerce businesses in India, hiring activities are expected to grow by over 30% and create up to 50,000 jobs in 2-3 years.
With more funds coming in, the e-commerce players can attract top talent, who in turn will bring in more capital and contribute to the bottom line growth, thus giving an edge over other firms.
It is not just about having fun at the workplace, but also about working hard enough to make the customer experience more fulfilling.
Talent is logging in. Are you?
E-commerce in India is currently growing at a compounded annual rate of 34 per cent since 2009, according to IAMAI.
India’s internet contribution to GDP could increase from 1.6 per cent in 2012 to between 2.8 per cent and 3.3 per cent by 2015, according to McKinsey.
According to an IAMAI-KPMG report, young people in India spend 16 per cent of their disposable income online and an estimated 828 million Indians will be less than the age of 35 in 2015.
As of June 2014, there were 243 million claimed Internet users in India – more than the US with 207 million and behind China with 300 million – out of which 192 million are active Internet users.
E-commerce companies are betting on more young people with higher disposable incomes to start buying online over the next five years.
Expert Views on E-commerce Talent Acquisition
Looking customer backwards, not skills forwardThe key to hiring excellent talent is not about extraordinary skills, but more about a customer-oriented outlook. By Raj Raghavan
Click here.
It’s important to give people the right kind of enablers to succeedWorkforce expansion is not just about finding talent; it is about having the right pool of talent at the right time. By Saurabh Nigam
Click here.
Culture fit is the most important attributePeople not only enjoy working with us, but also get their talented friends to the team. By Pankaj Chaddah
Click here.
E-Retail sector to grow 8 times in 5 yearsThe fast paced yet flexible and growth- oriented culture of the e-commerce companies is attracting quality talent. By Prashant Tandon
Click here.
Expert Views on the E-commerce Talent Practices
One for all, all for oneThe ability of the e-commerce industry to absorb people from all domains and its flexible and growth oriented work culture is its biggest USP. By Rajiv Srivatsa
Click here.
We are biased towards the youngIndustry is wisely investing in young talent who have the capability to become leaders quickly. By Vikram Chopra
Click here.
Creating proficiency, not just financial profitsWhile hiring, identify candidates with the right personalities rather than focusing on their past credentials. By Peyush Bansal
Click here.
To read the full cover story click here.
Talent is logging in. Are you? October 2014
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