Industry Overview: The Indian retail industry is one of the fastest growing in the world. Retail industry in India is expected to grow to US$ 1.3 trillion by 2020, registering a Compound Annual Growth Rate (CAGR) of 16.7 per cent over 2015-20. India is the fifth largest preferred retail destination globally. The country is among the highest in the world in terms of per capita retail store availability. India’s retail sector is experiencing exponential growth, with retail development taking place not just in major cities and metros, but also in Tier-II and Tier-III cities. Healthy economic growth, changing demographic profile, increasing disposable incomes, urbanization, changing consumer tastes and preferences are the other factors driving growth in the organized retail market in India. India’s population is taking to online retail in a big way. The online retail market is expected to grow from US$ 6 billion to US$ 70 billion during FY15-FY20.
Talent Challenges: Specialist hiring is a major challenge for this sector wherein temporary staff has troubled this industry year on year. High turnover of employees leading to a vacuum and seasonal demands for retail specialists, have been a big gap when it comes to talent acquisition strategies for retail organizations.
How HQ can help: With a strong pool of talent with varied skill sets, we collaborate with industry specialists closely to ensure that we match our clients’ requirements by providing them with the best fit in terms of specialized skill sets.