Retail management degree offers huge exposure to the aspirants and ensures vast career opportunities. In the era of globalization where multinational brands pave their way to explore new markets, role of retail management professionals seems to gain high attention. But how to excel in the industry and craft a unique career path, read on further and get a comprehensive insight.
They ensure that there are necessary promotions merchandised in sync with company’s standards so that organizational goals are effectively accomplished.
Career in Retail
Those students who are willing to pursue a career in retail management ought to undergo professional qualification. With rising demands, large number of aspirants will enter the job market in near future and the competition will swell by large.In such a situation, those students who have a degree in hand will enjoy more opportunities over others.
Experts say that people across the globe are happily accepting the retail culture, this unveils a gateway to “Happy Job Market” in future. It is anticipated that there will be large opportunities but who will be forming the part of the industry is a question. 2014 will unfold many challenges and will absorb professionals who are competent and proficient with the industry standards. Though the previously hired professionals may continue to perform their roles but new hiring will be more selective and those who are skilled professionals will be joining the industry.
Roles and Responsibility of Retail Manager
The responsibilities shouldered by the retail manager may vary as per the size of the store and the organization but basic task involves:-
• Working with team to generate sales and improved results
• Taking timely decisions favorable to the growth
• Developing strategies in sync with changing scenarios
• Analyzing and interpreting trends to facilitate planning
• Handling staffing issues, hiring potential staff, conducting timely appraisals and performance reviews.
• Arranging necessary training and development
• Timey responding to customer’s comments and complaints
• Arranging for special promotions, displays and events
• Attending and charring meetings
• Preparing strategies as per changing market trends, knowing the forthcoming customer’s requirements and creating competitive working procedures.
Working Details
The job of the retail manager is not 9 to 5 job where he/she has to sit in the allotted cubicles to perform same task daily. Instead a retail manager has to work around 35-40 hours in a week and enjoys more unique and adventurous job profile. They have job flexibility but in hectic days they have to comply with the pressure and organizational demands.
Salaries and Compensation
Retail managers draw high salaries. Usually monthly income of a retail manager is 40000-55000 INR. With experience and training, the managers may draw even high earning. Moreover one can also earn bonuses and compensations when monthly targets and sales are accomplished.
It is for …
It is perfect job profile for the professionals who are:-
• Good communicator
• Handle work pressure
• Responsible
• Determined and can lead a team
• Have ability to deal with confidential matters
• Confident and Enthusiastic
It is true that those who have experience in the industry will enjoy privilege over others but beginners too cherish bright prospects. Professionals having little experience in management can plan to take a leap in the industry, but ensure that you have completed your education in retail management.
Author : Subhadra Bhadauria
Subhadra Bhadauria is dedicated writer with renowned educational site shiksha.com. She informs aspiring students about retail management course and the prevailing job market. The writer has completed her masters in mass communication and engages herself in novel writings.
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