Retail Industry Employer
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Best Employers in Retail Industry

The retail industry came, captured and has fuelled the growth of the Indian economy. Registering a phenomenal growth in the last decade, India has become the most attractive market for the retail investment for players across the world. The Indian Government is also taking significant initiatives to support growth and investment in the retail sector.

Contributing 10 per cent to the GDP of India, retail sector stood at the value of US$ 330 billion in 2007. A large number of conglomerates and foreign retail players are planning to enter the Indian retail industry. The names also include renowned names like Reliance Retail Ltd. and Wal-mart.
The most successful retail verticals in India are:

  • food and grocery
  • apparels and footwear
  • items of daily household consumption
  • books & music
  • home furniture and furnishings
  • Cosmetics, accessories and other lifestyle products

Most predictions say that the value of the retail sector will reach to US$ 400-600 billion by the year 2010.

Employment in Retail sector:
With the advantages like penetration in rural India, retail sector provides the largest number of employment opportunities to the Indian youth. The organised retail sector has seen its employee base increasing from 5.4 lakh to 16 lakh in the last couple of years. And is further expected to create and add 11.5 lakh jobs in the organised sector and more than 2 million jobs in the unorganised sector to the Indian economy by 2010.

The rate of growth of retail sector, the entry of multinational retail firms in India and the set up of retail stores in the various retail formats, the retail sector has opened the doors of opportunities in the corporate functions as well as the front end jobs. The retail sector, due to its long working hours, provides a large number of part-time positions also.

Attrition rates:
Similar to most of the sectors of the Indian economy, the retail sector is also facing high attrition rate. The sector in general is currently facing the attrition rate of 40 percent, but in some cases, the front end jobs in the sector are facing the attrition rates as high as 80 percent.

Compensation:
With the rapidly increasing number of players entering in the sector and the increasing number of employment opportunities, the employers are luring the talent by offering hefty salary packages. The average salary for a fresher range from 18 to 20 k and the average salary hike in the retail sector is 16 percent (approx) every year.

Best workplaces – Naukrihub endeavours to rank the companies in the flourishing Indian Retail sector on various HR practices, procedures and policies being practiced in the industry. Ten companies are selected on random basis and ranked on various HR parameters from the employee’s point of view like recruitment practices, compensation policies, work culture, recognition for good work, retention, flexible work timings, et al. More organisations will be added to the survey in the due course of time. The scores are consolidated on the basis of thorough study and data collected through recent surveys and studies by renowned names like Business Today, Hewitt Associations, IDC Data Quest, NASSCOM and our own study of the organisations. The key players in the sector are Reliance Retail Limited, Pantaloon India, RPG Retail, Lifestyle, Wills lifestyle, Shopper’s Stop, Trent Ltd, Crosswords Bookstores Ltd., Ebony Retail Ltd.