Info-tech

E-commerce to create 1.5 lakh jobs in 2-3 years

Press Trust of India New Delhi | Updated on March 12, 2018 Published on October 05, 2014

Huge demand for talent at entry, mid and senior levels

The e-commerce space, set to grow at 20-25 per cent over the next two-three years, is seen creating at least 1.5 lakh jobs.

The industry, now estimated at about ₹18,000 crore, is expected to reach ₹50,000 crore by 2016 and with this the demand for talent is set to grow.

“We are extremely bullish on the e-commerce sector. There are nearly 200 start-ups flush with PE/VC funds in this area and several hundred that are treading the same line. We believe over the next two-three years, this sector will create at least 1,50,000 jobs,” Antal International Network India Managing Director Joseph Devasia said.

Mani Sankar Das Gupta, Chief, Placement Unit, BITS Pilani, said: “The industry is very bullish. The main players — Amazon, eBay, Flipkart and Myntra — are regular recruiters from BITS and have increased the number of hiring this year.”

Since the sector is fairly new, there is a severe dearth of talent at all levels and to attract and retain key talent, top players are shelling out huge salaries, he said.

Gupta said that “in India, most e-commerce players increased salaries by 10-40 per cent between 2013 and 2014 and are now paying salaries of ₹10-23 lakh. At mid and senior levels too salaries are rising by 10-15 per cent every year, besides the offer of stock options that makes employees millionaires.”

Published on October 05, 2014
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