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Retail sector Hiring decelerates

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In couple of years India’s flourishing retail segment had experienced the whirling in hiring, but now it is chilled mainly in middle and senior management levels. Recruitment firms proposed that April- June Qtr had witnessed a reduce in hiring for senior levels as most retailers already had their middle and senior management in the place and the lukewarm hiring is seen carrying on to the coming Qtr also.
Bijou Kurien, President and Chief Executive at Reliance Retail said to the www.propertykhazana.com that, “On the side of management, we have already filled the main part of our necessities, as the back-end is firmly in position and we don’t require to add many people. However, we will carry on recruiting at the floor level as we are increasing quickly. A mid-level employee will naturally have among 4 & 8 years of experience and salaries will range from Rs. 8-20 Lakhs annually.”
Retail segment is estimating to observe some justification in salary levels and increments for this year is expected to soar about 10-15% compared to an average of 25% year back.
Shailesh Chaturvedi, CEO of Tommy Hilfiger India said to www.propertykhazana.com that, “This is a good time to recruit talent at reasonable salaries.” Rumbling the view, Sanjeev Mohanty, MD of Benetton India commented that the people are now all set to join companies with less demands. Sampath Shetty, VP of TeamLease Services said that, “Conglomerates appears to have gone into a consolidation phase from three months and we observe this ongoing till the next financial quarter. They will gaze at raising output from the present band”, he added.
Source: NBTVLIVE

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