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Fast and furious. This is how the big names in Indian e-commerce business are growing not only in volume but are also seeking to offer lucrative salaries to absorb the best talents. Studies done by five job search firms including RGF Executive Search and Longhouse Consulting have come to the conclusion that these e-retail firms could together have 500 jobs with an annual Rs 1 crore pay packet.

 

"Companies such as Flipkart, Amazon, Snapdeal, Ola, Uber, Quikr, CommonFloor, Yepme, OLX, Junglee, FashionAndYou, Hungama, BookMyShow, Jabong, Cleartrip and Lenskart are among companies offering jobs with one-crore-plus salaries, though the first three account for a big chunk of such offers, officials at several headhunting firms said."—a report in The Economic Times said.

 

RGF Executive Search, executive director, GC Jayaprakash said that most of the firms are looking to get listed and they do not want any dearth of talent at the top as it would affect their wealth creation plans and their valuation expectations.

The spree in hiring is visible across the industry. "This year also we are looking at 30-40% increase in hiring across the board and a corresponding increase in leadership levels," Raj Raghavan, head-HR, Amazon India told The Economic Times.

But whenmoney flowing in  huge tranches, these high pay figures are hardly a concern for the e-commerce firms.

"Investors are bringing hundreds of millions of dollars. We can spend it either on infrastructure or people. And that′s what they are doing - investing in people," a human resource chief of one of the firms told the business daily.

 

A news report in February this year said that Flipkart was quietly looking to raise somewhere between $500 million and $1.7 billion (approximately Rs 10,500 crore) in the coming months from existing and new investors. There were indications that Flipkart′s biggest investor, Tiger Global Management could play a important role in this round of funding and could invest upto $700 million in multiple tranches.

The big tickets investments have resulted in hotting up the competition among the e-commerce rivals. Snapdeal, Flipkart and Amazon are the leading three competitors and are leaving no stone unturned to grow  faster.

"Salaries have definitely gone up with such intense competition within the e-commerce companies, salary percentage is broadly 25-30% higher from last year for senior roles," said ShopClues, co-founder and chief business officer, Radhika Aggarwal.