New Delhi, Mar 29: TeamLease Services, one of India’s leading human resource service companies in the organised segment and a Fortune India 500 company has said that with 10 regulatory reforms sales domain has the potential to create around 700,000 jobs in Delhi/NCR and 10 million across the country.
Talking to media persons on Thursday, Mayur Saraswat, Head of North Business, TeamLease Services said, “The city is going through an exciting phase with most of the sectors experiencing growth prospectus. The fact the employers here pay at least 30 per cent premium over other cities to sales professionals makes it a favored choice for job seekers.”
He said that the ability of companies to take advantage of this opportunity will depend on their capability to sell more, sell better and sell faster which in turn will stimulate the demand and make sales the inevitable and most potent profile.
According to him, the necessary regulatory reforms include consolidation of 44 central labour laws into 4 labour codes, Unique Enterprise Number (UEN), employee salary choice, PPC compliance portal, the Factories Amendment Bill 2016, Small Factories Act, amendments in contract Labour and Regulation Act 1970, amendments in Industrial Disputes Act 1947, amendments in Trade Union Act 1926 and the adoption of the Model Shops and Establishment Act. Without any reforms, the region is still expected to create at least 175,000 new sales jobs in the next 3 years.
He said that according to TeamLease analysis, while manufacturing accounted for the bulk of jobs created in some of the developed countries, India’s transition from farm-to-non-farm jobs will be spearheaded by the sales domain.
Further, from an overall hiring perspective also the city seems to be on a growth trajectory. In the coming fiscal the city will see a 17 per cent growth in the hiring outlook. Interestingly, 32 per cent of job seekers consider Delhi to be the best place to start their careers.
An in-depth study, according to the analysis, currently, Delhi employs 343,000 sales professionals across sectors, this amounts to 33 per cent of the overall 1.5 million sales profiles in the country. But with a combination of macro-economic, strategic and technological factors like GST, FDI, digitisation and Artificial Intelligence (AI) the profile will witness a significant growth.
With an increasing retail store space of 5 million sq ft, Delhi’s retail sector will be the biggest driver of demand for sales talent. Other sectors like hospitality, real estate, etc. will push the demand for sales talent significantly. UNI
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