TeamLease Degree Apprenticeship, India’s largest private owned Degree Apprenticeship program from house of TeamLease Services Limited, has announced its partnership with Swiss based Global Apprenticeship Network (GAN Global), to scale the adoption of degree apprenticeships/work based learning in India. With this partnership, TeamLease and GAN aims to scale degree apprenticeships adoption in the country. The association is built on the premise of the prowess of apprenticeships to address employability gaps and create a robust pipeline of skilled talent for the industry.
The sentiment around apprentice deployment has significantly improved over the past few years. A H2 2022 study indicated that close to 77% of employers were keen to increase their apprentice pool. In fact, over the last three years, employer intent towards deploying apprentices has increased by 6% y-o-y. Both traditional sectors and new age sectors are becoming more receptive towards the model. While this demonstrates the growing acceptance towards degree apprenticeships and work-based learning in India, the growth is subdued and allied partnerships like TLDA and GAN will help scale the model.
News: Narwal adds Amit Sahoo to the Leadership Team as Global Head of Human Resources
Sharing her views, Ms. Rituparna Chakraborty, Co-Founder and Executive Director, TeamLease Services said, “India has one of the largest youth population in the world, with about 13 million youth joining the workforce every year. However, only 1 in 5 engineering students, 1 in 10 graduates and 1 in 4 management professionals are truly employable. Work based learning and degree apprenticeships have emerged as the most powerful instrument to bridge this gap. On the job learning is enabling candidates to have better domain skills and their industry experience makes them more employable. While there are many efforts taken towards promoting work based learning, including the recent announcements during the Union Budget, more cohesive efforts are required. Our partnership with GAN Global, a network that shares our vision of creating an inclusive and skilled workforce, through apprenticeships, is a step in that direction. It will help us to boost the adoption of degree apprenticeship in India, bridge the gap between education and skilling, and empower the youth with the right domain skills and industry knowledge, leveraging their global experience.”
AI ML News: AI is (Re)Defining the Universe of Work
“Our mission is to achieve employment for all worldwide, and we believe that Indian youth is a significant quadrant in the ecosystem. Apprenticeship programs are one of the most powerful solutions to bridge the skill gap and increase employability of the youth cohort. It is beneficial for the candidates as well as employers, which prepares the apprentices for a long term employment. This partnership represents a significant opportunity to drive positive change in the Indian workforce and create a brighter future for all”, added Nazrene Mannie, Executive Director, GAN Global.
Recommended: Empyrean Acquires Enspire and Launches +YOU
With the aspiration to scale up to 10 million apprentices in 10 years, TeamLease Degree Apprenticeship is paving the way for the next generation to continually equip them with the required skillsets and help them get into the workforce. This partnership will not only help in creating a skilled workforce but will also contribute to the economic growth of the country, and enhance the employability of the youth.
TeamLease Degree Apprenticeship is India’s first and largest Degree Apprenticeship Programme offered through a public private partnership with the TeamLease Skills University (TLSU), Ministry of HRD, Ministry of Skill Development & Entrepreneurship, CII and NSDC. The company has hired about 600,000 apprentices with more than 1000 employers. About 98% of these apprentices have transitioned into formal employment and almost 40% have been employed in the same organization. Through its Degree Apprenticeship Program, TeamLease focuses on enhancing the employability quotient of the youth of our country and bridge the skill deficit. TeamLease Skills University (TLSU) is India’s first vocational skills university as well as India’s first NAAC certified University that offers employment-oriented multi-level programs.
GAN Global is a business-driven, multi-sector alliance that promotes work-based learning (WBL), including apprenticeship, to overcome skills mismatch and achieve a future of work that provides decent and sustainable employment opportunities for all. GAN drives action by advocating for WBL, sharing member company best practices, and implementing projects on a global and local level through a multi-stakeholder approach involving both the private sector and policymakers. Its Board Members include CEOs and executive leadership from many of the world’s leading companies, along with top decision-makers from prominent international organizations. Together with GAN’s leadership at the global level and activities that are being implemented in several countries around the world, it commits to ensuring that WBL empowers people and businesses to meet the rapidly evolving demands of today’s labor market.
HR Technology News: Connors Group Announces Investment from RLH Equity Partners to Support Rapid Growth