HOW ORGANISE RETAILING WILL INFLUENCE THE EMPLOYMENT IN RETAIL SECTOR: A STUDY

ABSTRACT

Recent advances in globalisation have led to an increase in the number of outlets operated by international merchants that are opening their doors in India. International merchants have just lately begun to take notice of its attractiveness as a site for their businesses. The most efficient management of one’s workforce is one of the most important factors determining the success of a company. The Maharashtra state government has given its approval to the Foreign Direct Investment (FDI) policy that will be implemented in the retail sector. This will have the effect of generating a large number of job vacancies and opportunities in the retail sector. This growth in the organised retail business in India has been mostly driven by the enormous retail organisations and conglomerates that the country is home to. It is expected that the organised retail sector of the retail industry, which currently accounts for only 8 percent of the total retail industry, will experience an explosion in growth as a result of the decision made by the government to relax restrictions on foreign participation in Indian retail business by raising the FDI cap on both single-brand and multi-brand retail outlets. This decision was made in response to the fact that the government has decided to raise the FDI cap on both single-brand and multi-brand retail outlets. It is possible that one of the most important obstacles that the company will have as a result of the upcoming entry of more multinational merchants in the country would be to locate personnel of the appropriate calibre to work for the company.

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