Ecommerce, Internet, News

Hiring figures rise in e- commerce, employment for 50% by 2012

 elixir logoIf you want to make a career in e-commerce business there cannot be a better time. The avenues in the industry are growing at a much rapid pace creating thousands of job openings in the sector, especially at the mid and higher levels, hiring is expected to grow by 45-50 percent, according to Elixir Consulting.

The report is based on predictions of Elixir Consulting. Prateek Srivastav, the recruitment process outsourcing firm’s Manager- Leader Hiring said to PTI that this trend of manpower movement to the E-commerce and online retail areas began in the early 2009, when most of the large global online retailers set up shops and gained a substantial consumer-base.

E-commerce has grown considerably compared to previous year and the overall hiring for this year is at least 150 per cent more than what these companies hired last year, fuelled mostly by substantial customer acquisition by consumer Internet companies and funding by private equity players or venture capitalists. In 2012, hiring is expected to grow by 45-50 per cent.”

Srivastava said that the talents are also getting decent hikes on being hired. “Salary offered in the sector is also very competitive. People at leadership levels typically get a 40-60 per cent hike and very lucrative stock option plans, added Sirvastav. Hiring is estimated to grow 50 per cent by 2012.

Most of the people moving in are at a leadership level as it is an evolving vertical in terms of job opportunity and has the potential of higher growth, similar to that of IT services. The junior and mid-level contributes to about 85 per cent of the overall talent, while the top level contributes to about 15 per cent.

According to a study, there are an estimated 6.5 crore active Internet users in the country, up from 28 per cent over the past year. The overall domestic e-commerce market grew from Rs 8,146 crore in 2007 to Rs 31,598 crore in 2010 and is set to cross Rs 46,000 crore, on the back of a robust 47 per cent growth in 2011. This growth is driven primarily by the travel industry, which contributes to 76 per cent (Rs 14,953 crore) of the domestic e-commerce market and at this rate; the country could become one of the top 10 e-commerce hubs in the world by 2015.

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