According to estimates made by 5 search firms including Longhouse Consulting and RGF Executive Search, the major Ecommerce companies are planning to roll out 500 jobs this year with attractive salaries of more than INR 1 crore each.
Various companies such as Amazon, Flipkart, Snapdeal, Ola, FashionAndYou, CommonFloor, Uber, Junglee, Cleartrip, Quikr, Yepme, OLX, BookMyShow, Hungama, Jabong and Lenskart are among those companies that are offering jobs with 1crore-plus salaries. But the first three companies account for a bigger chunk of such offers.
According to Anshuman Das, the managing partner in Longhouse Consulting, the company is looking at more than, a dozen mandates per month. He adds that almost 70-80% of their business comes from ecommerce and they are expected to handle almost 180-200 mandates this year.
“Since the Investors are bringing-in millions of dollars, therefore we can expend it either on people or on infrastructure. This is the reason, we are investing in people.” says the HR head of one of the reputed online retailers.
The HR of another online retailer is presently searching for senior level talent for a number of its revenue generating core operations. The crore-plus figure is the total CTC; typically 30% of senior level remuneration is linked to stocks and esops.
Ecommerce as Revenue Generator
Ecommerce is turning out to be the major revenue generator for various search firms since the past 6-8 months. For the RGF Executive Search firm, technology based ecommerce companies have become, the highest revenue generators and nearly 25-30% of their revenue this year, is expected to come from ecommerce companies. ABC Consultants says that ecommerce accounts for 15% of their business.
Anupama Beri, the HR head of MagicBricks, says that their business is growing and they need senior talent for various roles like products, sales and technology. They are planning to close 7-8 positions in this quarter alone.
According to source, Ola is planning to hire more than 12 mid-to-senior executives for positions, including senior manager and director in the upcoming quarter. The demand for hiring is mostly in product management and technology and the eligible candidates are being sourced from Yahoo, Google and Facebook.