DEGREE APPRENTICESHIP
Strategic acquisition of mid-level talent is pivotal for D2C companies to grow in this market
The D2C market in India is experiencing significant growth, driven by a surge in consumer numbers and a diversification of offerings. AI and automation are playing a crucial role in revolutionizing operations, while the impact of the Open Network for Digital Commerce (ONDC) is profound.
Future of green jobs holds immense promise in India: Ramesh Alluri Reddy, TeamLease Degree Apprenticeship
India’s transition towards sustainability holds immense potential in creating new employment opportunities.
Senior-level adtech and martech roles combine creativity, tech and business sense
The adtech (advertising technology) and martech (marketing technology) sectors require a unique balance of creativity, business acumen, and technological skills, especially at senior levels. Companies seek professionals with expertise in data analytics, AI/ML, and digital marketing, as these roles are crucial for connecting brands with customers and driving hyper-personalization.
Hiring surge in travel and tourism: What it means for mid-career and senior roles
India's travel and tourism sector has rebounded post-pandemic, contributing Rs 16.5 trillion to the economy and creating 39 million jobs by 2020. The sector is also witnessing a spike in demand for AI specialists and data operations in the hospitality industry.
Myth Debunking 101: Unpaid internships are the only way freshers an gain experience
Freshers entering the job market often face the dilemma of choosing unpaid internships for gaining experience. While such opportunities can be valuable, experts caution against the financial burden and limited growth prospects. They recommend exploring alternatives like apprenticeships, freelance projects, and upskilling programs to enhance skills and career prospects effectively.
Green careers report: Understanding green jobs and their increasing demand
Green jobs are on the rise globally, with India aiming to double its green job count. The industry focuses on upskilling, collaborating for R&D, and leveraging government initiatives to meet the demand for green skills.
Remarkable increase in women taking apprenticeship in male-dominated sectors: TeamLease executive
Employers today exhibit a gender-agnostic approach in their quest for skilled talent, demonstrating openness towards women candidates even in traditionally male-dominated fields.
Unemployed graduate? If you are struggling to find your first income, here are 6 ways to navigate this challenge
If you have recently graduated and are struggling to find your first income, here’s how you can navigate this challenge.
Ramani Dathi on what is needed for creating more jobs and higher incomes
Ramani Dathi, CFO of Teamlease Services, calls for skill bridging solutions in manufacturing. She emphasizes formalization to boost productivity and address wage gaps between formal and informal sectors. Dathi further says that the main thing which we have seen is that wage inflation and formalisation are in direct proportion to each other.
How apprenticeships can serve as a vital vehicle to address low women labor participation in India
India's apprenticeships signal shifting gender attitudes, with progress in compensation parity and inclusivity efforts. Addressing systemic barriers and boosting formal skills training are crucial for enhancing women's workforce participation and economic potential.
Why India needs to reform its degree apprentices programmes
Amartya Sen acknowledges progress in combating 'son preference' in Haryana and UP, while emphasizing the need for innovative employer financing solutions to bridge the skills gap and empower millions of youngsters in the workforce. The skill ecosystem should be aligned with employer supply chains through three reforms to NEP-enabled degree apprentices (DAs). These reforms would not only create new financing for 'repair and prepare' of millions of youngsters but also create structural connectivity between education, employability and employment.
MSME apprenticeship may become shorter, better-paid
Depending on the fiscal burden on the exchequer, the government could either tweak the existing apprenticeship schemes or draft a new scheme dedicated to MSMEs, which account for 38.4% of the total manufacturing output and contribute 45.03% of the country's total exports. The government has held several rounds of discussions with the industry and is expected to unveil the roadmap for hiring of apprentices by MSMEs by the middle of this year.
Rahul's Nyay Yatra: Congress promises right to employment, apprenticeships for youth
Promising a law for social security for gig workers such as drivers, guards and delivery boys, Gandhi said, "In Rajasthan, a law was made for their protection, their pension and their social security. We will implement the same law which was made in Rajasthan in the entire country."
Want to become a leader? Learning can take you forward
With people reaching leadership positions earlier in life, they suddenly shift from needing technical expertise to be inspiring and thoughtful. They also end up being a co-CEO of culture in the organisation. Thus, understanding inclusion and individual strengths, as well as where to deploy what skills have become important learning requirements.
Short of skilled hands, companies turn to apprentices
The findings across 700 companies show about 47% of firms intend to have 10% of their total workforce as apprentices in the next 6 months, while a substantial 31% are currently maintaining an apprenticeship share of 5-10% within their organisation.
More women learning on the job as manpower crunch hits shop floors
“Factories are becoming increasingly gender agnostic as they are facing a big talent shortage,” said Sumit Kumar, chief business officer of TeamLease Degree Apprenticeship. “India has a skill shortage of approximately 130-150 million people across various sectors,” he said. The uptick is largely driven by a boom in auto, EV, electronics and phone manufacturing, Kumar said.
Employers consider apprenticeships as a strong talent development strategy: Report
Over 65% of employers consider apprenticeships as a cost-effective talent development strategy, according to a survey by TeamLease Degree Apprenticeship that polled nearly 200 industry leaders. The study found many companies believe apprenticeships replicate the impact of nurturing and enhancing skills like other transformative forces in the business environment.
Telecom sector to ramp up absorption of apprentices into permanent roles
Roles that telecom companies look at filling in this case include telecom tower technician, in-store promoter, network engineer, and assembly line operator. With the launch of 5G, the demand for skilled roles is on the rise, by the end of the year, telecom companies will see a spike in apprentice hiring, Alug added. Globally, the apprenticeship program route has been a successful tool globally for bridging the skill gap and cultivating a job-ready workforce.
Degree apprenticeship learnings and outlook
The degree apprenticeship programme in India provides the opportunity for young Indians to generate income while undergoing industry-specific training. The programme takes place under a contract between an employer and apprentice and is now mandatory for companies with over 30 employees. Results from the last quarter indicated a 3% decline in the net apprenticeship outlook for the Jan-March 2023 period, but industries such as engineering, industrial, and electrical and electronics have been seeing an increasing demand.
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