Business Context and Opportunities
A global conglomerate, the Aditya Birla Group is in the League of Fortune 500. Anchored by an extraordinary force of over 140,000 employees belonging to 100 nationalities, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, our businesses have grown into global powerhouses in a wide range of sectors – metals, pulp and fibre, chemicals, textiles, carbon black, telecom, cement, financial services, fashion retail and renewable energy. Today, over 50% of Group revenues flow from overseas operations that span 36 countries in North and South America, Africa, Asia and Europe.
The Group would like to expand its Retail Footprint and leverage the trust and synergy built over the years in luxury retail by launching a Jewellery Business in India. India's gems and jewellery market contributed around 7% to GDP and 14% to India’s total merchandize export in February’21 with a market size was at US$ 78.50 billion in FY21. The jewellery industry in India is largely driven by individual family owned small to medium size businesses. Thus, the Group anticipates that there is scope of development of large retailers / brand in jewellery industry in near future. The venture will benefit from the retail experience, knowhow and trust build over the years with various ABG Luxury Retail Brands. It will also be able to harness the people, technical and operational capabilities from Group’s retail arms. The range will be developed as a proof of concept for an integrated offering and may be diversified with multiple brands post establishment of a commercially viable business model.
Opportunities
- The Jewellery industry in India is largely fragmented with family-owned small businesses contributing to the largest chunk. These businesses are largely skill centric, with customer preference, trust and long-term relationships driving customer acquisition, retention, and sales. The more organized players in the industry have also built their brands on the foundation of trust, rather than distinctive design. However, they have not been able to acquire a significant market share, at a national level. Thus, the need to build a product offering focused on distinctive design and customization aligned to customer preferences is pronounced. Aditya Birla Group feels that Jewellery is largely an unorganized market with only one national player. Hence there is a scope of another national player.
- There is an opportunity to build a technology enabled design centric approach to blend into boutique store-based model. The unorganized players in the industry have been unable to harness the power of technology, collective buying, hedging and continual improvements in design. The synergy in terms of design, processes and technology improvements would bring in economies of scale to the business.
- To use an understanding of the historic/ international/ consumer fashion trends from varied sources and provide direction to the internal team to translate into desired product. Value for the business can be driven by constantly observing business environment and competition and come up with improvement, innovations. Develop design leadership and develop inimitable competitive edge over competition as we have close relationships with the leading designers in India as well as Globally.
- Investment of INR 4000 Crores over the next 5 years to setup a Greenfield Venture into a scalable business model. Develop and implement a strategy for a strong foundation for a successful enterprise and a market leader.
- Position Purpose and Summary
This role is responsible to attract and hire best in class talent, within the defined hiring timelines and ensure the all recruitment related processes and SOPs are followed
Essential Duties And Responsibilities
- Functional Responsibilities
- Develop a basic appreciation of structure and roles in each of the Corporate Functions
- Review all job descriptions and ensure hiring managers have clearly articulated the deliverables of the job and the profile of ideal candidate
- Leverage the large pool of internal talent in the Group to fill positions by posting all positions on Explore
- To leverage platforms like linkedin and Naukri and achieve direct sourcing target
- To connect with candidates to explain the role and org structure before shortlisting them for interviews with the Hiring Manager
- To drive Managers and stakeholders to conduct interviews within defined timelines
- To ensure all recruitment processes like BGV and Ref Checks are followed without exception
- To ensure offered candidates stay engaged with the company as they serve their notice period in the current organization
