Indian retailers are worried over lack of talent and threat of poaching

(From The Economic Times) -- The Indian organised retail sector is worried over the lack of talent, threat of poaching, unavailability of experienced manpower and stressful work environment, says a study undertaken jointly by Deloitte Touche Tohmatsu India and the Retailer's Association of India.

Although attraction and retention of talent continue to be concerns, Indian retailers have developed strategies to overcome these issues in critical work segments like merchandising and brand management. The study says retail companies should focus on developing a talent management strategy influencing business strategy.

In terms of compensation, operations scored highest in fixed pay component followed by business development, sales and merchandising. The annual increment the retailers doled out to their employees in 2010-11 was around 10%.

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