Fight for a good technical candidate ├óÔé¼ÔÇ£ IT Giants Vs E-commerce companies

Fight for a good technical candidate ├óÔé¼ÔÇ£ IT Giants Vs E-commerce companies

Retail sector is known as the second largest sector which demands IT professionals. Demand for IT professionals with e-commerce experience was 6.3% higher than this time as compared to last year. Financial investors are pumping more money to ecom sector to drive the business growth as the companies hiring senior people for the key positions. Employee stock option plans also a new trend to retain the senior executives followed by the online retail companies Flipkart, Snap deal, CaratLane, MobiKwik, ibiboGroup, Pepperfry, Urban Ladder and Cbazaar. To attract the top level IT executive’s e-commerce firms are offering big fat pays along with stock options to lure professionals from different sectors like IT, telecom, consumer goods and retail sector. Senior professionals are aware of the advantage of stock options and retaining with companies for long term career. Last year Snapdeal offered stock options to 1300 employees and it was doubled this year.

According the CR ISIL report ecommerce sector will become 50000 crore industry by the year 2016 and creating more job opportunities to the professionals. To dive the business growth technology is the key tool in business from each stage like product order, supply chain to marketing. Because of thus companies are paying hefty salaries more than top IT companies. Companies like SAP, ORACLE and other software companies are finding it difficult to hire right employees. As per the estimation ecommerce sector would create 1000 ecommerce jobs by the first quarter of 2015 with fat pays. At present e-commerce companies are offering nearly Rs 10 lakh-25 lakh/annum compensation along with other benefits. The Project Manager, IT, can earn around Rs 971324 per annum, while a fresher content writer can easily draw Rs 4-5 lakh/annum package. Last year, Amazon is the top employer with 22 offers for the 2014-16 batch at IIM, Calcutta. Similarly, Flipkart hired 16 students from IIT Bombay and 19 from IIT Madras.

Fixed component of senior person in online is nearly Rs 1.5 crore, which is rs 80 lakh to Rs 1.2 crore a year earlier. They’ll also offer with joining bonus, retention bonus and performance-based variable pay. Stock level options also offered middle level employees based on their performance. There is also demand for other jobs than IT in eco sector which is delivering more than 5 lakh shipments evcrey year.

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