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Showing posts from May, 2023

79% Employers Keen to Increase their Apprentices Intake in Q4 2023: The Rise of Apprenticeships in the Workforce

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  In the year 2023, the demand for apprenticeships is on the rise. Whether you're an employer or a potential apprentice, this blog will provide valuable insights into the exciting world of apprenticeships. 2023 is the year of the apprenticeship - The apprenticeship engagement has doubled to over 5.5 lakhs in the last 5 years. According to Teamlease's Apprenticeship Outlook Report, 79% of employers are keen on increasing apprentices in the year 2023. Additionally, considering the lucrative benefits offered by NAPS programs in India, employers are now increasing their intake of apprentices. Apprenticeship programs in India are getting directly compared with developed economies like Germany and others. It is gaining more credibility in India for the rate of unemployment and productivity in the Indian workforce. A study conducted by Dalberg for DFID (now FCDO) in March 2020, confirmed the cost-benefit ratio at 1.3 to 1.9 across different industries. Is Apprenticeship Worth It In Th

What are degree apprenticeships, and how can they narrow India's skill gap?

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  Curious about the  degree apprenticeship program ? A  degree apprenticeship program  is an excellent chance for a new graduate to get a degree while gaining industrial experience and income. Let's view the blog to acquire further information. In India, most higher education institutes plan to implement  degree apprenticeship programs . In the 21st century,  apprenticeship schemes in India  are better for students than traditional degree programs. By building a talent pipeline, increasing productivity, and lowering the rate of people leaving their jobs, the initiative has made it possible to connect employers and employees through new channels in the supply chain. The  apprenticeship program  has empowered young people by permitting earning while learning and learning by doing opportunities. The need for apprentices among employers has grown because of the expansion of new apprenticeship programs. Degree Apprenticeship Program Degree apprenticeships  combine on-the-job training

Degree Apprenticeship vs. Traditional Degree- Pros and Cons

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  Deciding between a  degree apprenticeship and a traditional degree? Discover which path to take in this insightful blog!  Experience the evolution of education and training as the world progresses. Say goodbye to the era of solely relying on traditional classroom learning. Experience the abundance of choices available to students with the emergence of degree apprenticeships. With many options at your disposal, deciding which path to pursue is a daunting task. Discover the ultimate guide to making informed decisions for businesses and candidates. Our blog delves into  degree apprenticeships  versus  traditional training/degree programs. What are Degree Apprenticeships? A degree apprenticeship is a revolutionary educational program that combines academic instruction with  on-the-job training . It is ideal for ambitious, career-driven individuals who do not wish to choose between education and employment. With a  degree apprenticeship , you will obtain a fully accredited degree and valu

Apprentices Can Offer MSMEs Cost-Effective and Home-Grown Talent

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  Thinking about  apprenticeships  to implement in MSME? Then consider implementing  apprenticeships  beyond the regular colleges and locations. Check out our blog to learn more about how  apprentices  can offer MSMEs cost-effective and home-grown talent.   It is an exciting time for any MSME leader to transition from startup to expansion. The MSME now has its core staff and has been through a tornado of trial and error. Even though it has been through many problems, it is now doing well and is ready to grow. Scaling is a specific phase of an MSME's expansion. During this stage, an MSME may focus on growing its team, finding new ways to get money, getting more prominent clients, entering new markets, or doing all these things. An MSME has never had a better opportunity to incorporate  apprenticeships  into its employment strategy. How Can Apprentices Provide MSMEs With Cost-Effective And Home-Grown Talent? Apprentices  can help micro, small, and medium-sized businesses build a tale

Fostering Talent- Setting Up MSME Apprenticeships

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  Learn to launch an  apprenticeship program in the MSME sector—a step-by-step guide for skill-building success. The  Micro, Small, and Medium Enterprises (MSME)  sector plays a crucial role in fostering economic growth and creating employment opportunities. As these businesses strive to remain competitive in an ever-evolving market, investing in skilled labor becomes paramount. One effective strategy to address this need is establishing an  apprenticeship program . Apprenticeships  bridge theoretical knowledge and practical experience, equipping individuals with the skills and expertise necessary for success in their chosen fields. Moreover, such programs benefit  MSMEs  by ensuring a continuous pipeline of skilled workers and reducing recruitment costs. With the recent changes to the  Apprenticeship Act, micro, small, and medium-sized enterprises (MSMEs)  have greater opportunities to attract and retain talent by employing them as  apprentices . According to the  All-India Census , t