Are you unsure which domain to specialise in to bag a good job? Think no further. The latest study by TeamLease Services said the sales domain has the potential to create 2.5 million jobs over the next three years.
The analysis by the human resource firm also said that with structural reforms like consolidation of 33 central labour laws into four labour codes, employee salary choice, amendments in the Contract Labour and Regulation Act 1970 among others, could create 10 million sales jobs.
Rituparna Chakraborty, Executive Vice President, TeamLease said that unlike other sectors, technology like artificial intelligence will in-fact boost productivity and aid new sales jobs.
In Mumbai alone, nearly 3,60,000 jobs could be created if regulatory reforms come through, said TeamLease. Even without the reforms, 90,000 will be created from 2018-2021. Mumbai currently employs 3,35,000 sales professionals across sectors which amounts to 22 percent of the 1.5 million sales profiles in the country.
Data Infographics by Ritesh Presswala
At present, India has 1.5 million sales people, of which 66 percent work in banking-financial services and insurance (BFSI), retail, computer hardware, automotive and consumer goods sectors.
Nearly 62 percent of them are based in Delhi-NCR, Mumbai, and Bangalore. Among all sectors, sales skills are a critical deficiency irrespective of the seniority.
For instance, there is a 65 percent deficiency in sales skills in the organised retail and tourism sector while in the travel and hospitality sector it is 35 percent.
Among sectors, the analysis said the positive macroeconomic factors will result in incremental 1,70,000 jobs in FMCG and 2,60,000 jobs in FMCD during 2018-2021. The retail real estate expansion could potentially add 6,80,000 retail sales jobs during 2018-2021.
The study also said that going digital could improve cash registers and generate up to 8 percent additional sales jobs.
On salary terms too, sales professionals earn more than engineers across seniority and job roles. For instance, a field sales officer starts off with a salary of Rs 3.45 lakh per annum that can go up to Rs 8.1 lakh per annum at senior levels.
However, a technical support associate engineer will start with a salary of Rs 2.15 lakh per annum that goes up to Rs 5.8 lakh per annum.