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10 regulatory reforms can create around 2,00,000 sales jobs in Kolkata in next 3 years: Teamlease

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Kolkata | Wednesday, Apr 4 2018 IST
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 states Teamlease analysis.

With 10 regulatory reforms sales domain has the potential to create 1,92,000 jobs in Kolkata and 10 million across the country. 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 48, 000 new sales jobs in the next 3 years. 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 14 per cent growth in the hiring outlook.

An in-depth study, according to the analysis, currently, Kolkata employs 97,000 sales professionals across sectors, this amount to 6 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, digitization and Artificial Intelligence (AI) the profile will witness a significant growth. Pharma and biotech industry will be the biggest contributor to the demand for sales talent in the city. With the retail real estate space expected to witness a 90 per cent increase, Kolkata's retail sector will contribute to the appetite for sales talent. Further, the other sector like MSME and IT sector will etc. will add significantly to the demand for sales talent.

In terms of employers expectations, learning agility, adaptability, interpersonal skills, observation, domain knowledge, knowledge of English and negotiation skills are few of the skills that the employers expect from any potential sales employee. Commenting on the analysis, Sudeep Sen, Assistant Vice President, TeamLease Services said, "The city is going through an exciting phase with most of the sectors like Pharma & Biotech, Retail, MSME and IT experiencing growth prospectus. 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."MORE UNI BM RN

-- (UNI) -- C-1-1-DL0311-1314958.Xml

 
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