SUMMARY
The class of 2019 can expect huge job opportunities from ecommerce and startup
The hiring will happen across various sectors including operations, human resources, marketing, sales among others
This hiring boom may record the annual pay going up to over $41.2K
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2018 has been a good year for Indian startups. From massive funding rounds which created new unicorns to renewed flow of foreign capital, there is a sense of optimism around the startup ecosystem. As the Indian startups continue to scale up, college graduates from class of 2019 can expect several new job opportunities from ecommerce platforms and startups.
According to reports, companies such as OYO, Amazon India, Droom, Shadowfax, ShopClues among many others are planning to include new institutions for hiring talent.
The hiring will happen across various departments including operations, human resources, business development, marketing, sales, and data science. Hospitality startup OYO, which entered the unicorn club this September, is planning to double its hiring through campus recruitment process, next year. Ecommerce platform Amazon has been searching for fresh talents from colleges and universities as it seeks software engineers to work in various fields including cloud, computer vision, artificial intelligence (AI) and machine learning (ML).
Meanwhile Shopclues is also looking to hire from colleges located in Tier-2 and Tier-3 towns.
Generating Job Opportunities Through Startup Development
Aggressive hiring by startups during campus placements is a far cry from earlier times when many of them were banned from recruiting through campus hiring. In 2016, All India Placement Committee (AIPC), banned nearly 31 startups from conducting campus placements in Indian Institutes of Technology (IITs).
This decision was taken in 2016 after some startups revoked or delayed their employment offers. For instance hyperlocal grocery delivery startup Grofers faced a legal backlash after it revoked its job offers to 67 students.
However, as the government works towards a more startup-friendly economy, with an aim to generate nearly three lakh jobs by 2020, AIPC lifted the ban in the following year.
[The development was reported by ET]
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