Mumbai: India’s fastest as well as the largest private degree linked apprenticeship program, National Employability through Apprenticeship [NETAP], in association with TeamLease Skills University recently launched their report, “The Apprenticeship Outlook and Index”, a detailed six month forecast on apprenticeship hiring trends in India. According to the report findings, the FMCG/D industry is one of the leading sectors who are keen on hiring apprentices. Out of the corporates in FMCG /D around 45% of them have expressed inclination to hire apprentices. The report highlights the eastern region as the strongest, followed by south (42%), north (41%) and west (34%).
A detailed analysis of the stipend trends in the sector forecasts west (9750) and north (9250) as the highest paying regions. TeamLease Employment Outlook Report (April to September) indicated a positive growth in overall hiring in the FMCG/D sector. The Apprenticeship Outlook report also displays a similar intention, while also improving productivity in the industry.
Commenting on the report, Mr. Sumit Kumar, Vice President – NETAP, TeamLease Skill University, said, “We are delighted to see the positive conviction among FMCG/D players who are extensively looking at hiring apprentices. Employers are fast realizing the potential of apprenticeship to meet their talent requirements. With betterment in ease of doing business, strengthening of product development and distribution capabilities coupled with rising consumerism we expect the demand for apprentices to grow stronger.”
A detailed analysis, the report also delves deep into the nature of engagement with apprentices. As per the report, around 89% of the employers preferred 6 months to 1 year tenure rather than short duration apprentices. The report highlights that 30% of employers engage apprentices with the purpose of meeting the skill requirement of the company. The growth is primarily attributed to employers being increasingly invested in the apprenticeship model over the last two years especially for cost effective talent creation and enhanced productivity.
The Apprenticeship Outlook report is an in-depth study on the current levels of hiring of apprentices and employer sentiment about apprentice hiring for the next 6 months [CY-2: July 2019 – December 2019]. The insights are derived through analysis of historical data of apprentice hiring and findings of the survey conducted with 502 employers across 12 sectors and four regions (South, North, East and West). The report also includes the Apprenticeship Index (comprising the Candidate Index and the Employer Index) which measures the effectiveness of the apprenticeship programs in India.