The career marketplace has undergone a sea change. In 2006, new careers opened up -- like in biotechnology and the retail segment -- management emerged as the backbone of every organization -- including hospitals -- and the banking, advertising and fashion industries lured talent.
It is estimated that 8 million people will be required in organised retail by 2011. Of these, about 500,000 would be working in malls.
"There is presently a boom in the retail sector," says Shikha Srivastava, 30, a Lucknow-based officer at Timesjobs.com
You can start out as a sales executive and expect anywhere between Rs 70,000 and Rs 120,000 a year. From there to a department manager or floor supervisor takes two years. At this level, salaries range between Rs 120,000 and Rs 200,000 a year.
In another year-and-a-half, you can aim for the store manager's slot. With salaries from Rs 400,000 to 1100,000 per annum, this is a category where the shortfall is most pronounced. Then you move on to become an area manager, take charge of a few stores and make anywhere between Rs 12,00,000 and Rs 25,00,000 a year.
The ultimate goal is to make it to the grade of an operations head or the chief of strategy and planning, where seasoned retailers make Rs 20,00,000 to Rs 50,00,000 a year.
The top end of organised retail has room for people who bring in strategy and planning, and have an operations background. There's also a demand for supply chain managers and visual merchandisers, who are mainly responsible for the look and feel of the store. The bulk of the demand is for the frontliners -- sales executives, department managers and store managers.
Which careers do you think will grow the most in 2007? Tell us!
** (Source: Outlook Money)
Text : Richa Pant
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Illustrations : Uttam Ghosh
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