CIF IMPACT FACTOR: 4.465 North Asian International research
Nisar Hussain, Malik, Ahmad Bilal, Malik, Mani Nagendra, Trapathi, Adgaonkar Ganesh, Somanath Reddy, R Sharma, R Pandday, Head, C Raman
(+14 others)
2017
Journal consortium www.nairjc.comnairjc.com North Asian International Research Journal of Multidisciplinary
unpublished
Retailing industry has been present in India since ages, but it is only in the recent past that it has witnessed so much dynamism. In fact, retailing has witnessed drastic change in the last few years-from a poorly stacked kirana store in the by lane of residential areas, to an aesthetically decorated store with properly arranged goods, offering ambience and convenience. The organized retail growth in the country has been triggered by tremendous increase in consumer spending, which in turn is
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... elled by the rise in the disposable income. The most predominant factors like changing age profile, increasing consumerism, the availability of cheap credit and changing attitude of the Indians have played a major role in the increase of consumer spending in emerging economies. The retail industry in India is contributing 10 per cent of the GDP and 8 per cent of the total employment. It is now popular at global level according to a report released by A.T. Kearny, which ranked India 5th in Global Retail Development Index and 3rd in Confidence Index in retail business. Human Resource Management is the process of acquiring, training, appraising and compensating employees, and attending to their labour relations, health and safety, and fairness concerns. We are all human beings. Invariably, all of us have six senses. Only with the sixth sense i.e., rationalization capacity, can we distinguish ourselves from all other living organisms. Every one of us is a culmination body, mind, heart and soul. The productive capacity and proportionate combination of these factors determine whether we are productive resources or unproductive resources. Indian retail sector also needs effective human resource management and better HR practices should be adopted and practiced. It will lead to productive, efficient and optimum use of man power-the appreciating asset of an organization. This Paper is focused upon the challenges that affect heavily the growth of Retail Industry.
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