E-Commerce Hiring Will Be Huge In 2016. Here's Why
While the e-commerce sector in India has been criticised of late for its spate of high-level exits and also for aiming higher valuation at the cost of balanced growth, the hiring sentiment largely remains strong. An Assocham report released in February predicted the country’s e-commerce industry to generate as many as 2.5 lakh jobs this year, taking the hiring in the sector up by 60-65 per cent.
Assocham stated that India’s e-commerce market was worth about $3.8 billion in 2009, it went up to $17 billion in 2014 and to $23 billion next year. It is expected to touch $38 billion mark by 2016. Currently there are nearly 3.5 lakh people working in the e-commerce industry.
On a hiring spree
There are several reasons for e-commerce hiring to dramatically rise in the next one year, believe experts. What’s driving the growth is mobile commerce (m-commerce), which represents 20-25 per cent of the country’s e-commerce market is slated for further growth owing to the increasing smartphone ownership and investment from retailers in India. Assocham said m-commerce is growing rapidly as a stable and secure supplement to the e-commerce industry.
It is also likely to be further accelerated by advancements in mobile technology and improvements in security and connectivity of shopping and payment platforms. As per the report, one-third of MBA students from top business schools, including the IIMs, prefer working for the fledgling e-commerce sector, over traditional IT, consulting and financial services jobs. The rapid transformation in logistics, innovation, consumerism and productivity is also going to push the e-commerce market towards growth.
Salaries to peak
This high level growth is also reflecting on the salaries of the existing employees and those joining e-commerce firms in recent months. As Kunal Sen, senior vice president of TeamLease Services said in a statement that some profiles will see three-times jump in salaries this year in the sector.
According to TeamLease, huge hiring is taking place in blue-collar jobs as well. According to TeamLease’s recent Employment Outlook Report for April to September, e-commerce and tech start-ups are likely to dominate hiring landscape with 23.6 per cent job growth seen in these sectors.
Again there is a huge demand for mobile developers. Developers employed in e-commerce firms enjoy twice the salary and monetary benefits in comparison to their counterparts in the IT Services & Software companies across the nation, according to the India Mobile Talent 2016 Report released by Belong. Companies like Flipkart, Amazon, Snapdeal and Zomato have emerged as top employers to attract mobile talents in major Indian cities.
“The rise of India’s mobile economy has led to a dramatic increase in the demand for mobile talent. As businesses race to capitalize on the opportunities of this new economy, it has led to an intense competition for skilled Android and iOS developers. The truth, however, is that the mobile talent pool in India is still in its very early stages,” said Vijay Sharma, Co-founder & CEO of Belong.
Android developers dominate the mobile talent talent pool at 72% and also contrary to popular presumptions, regional universities trump top tier national universities, with a majority of the mobile talent hailing from universities such as Visvesvaraya Technological University, Anna University, University of Pune, and not the IITs.
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