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46% Corporates Now Willing To Hire More Apprentices: Report

46% Corporates Now Willing To Hire More Apprentices: Report

Despite the ongoing COVID-19 pandemic, apprentice hiring is witnessing a positive sentiment across many sectors and regions, according to a recent report by TeamLease.

 

The Apprenticeship Outlook Report indicated that 46 per cent employers expressed their keenness to increase apprentice pool in the period of July to December 2020. The net apprenticeship outlook for this half-year stood at 33 per cent.

 

One of the primary drivers for this positive momentum is that more employers, nearly 32 per cent, have been looking at apprenticeship to offset the workforce scarcity that they have been facing due to reverse migration that has happened due to the COVID-19.

 

Additionally, about 25 per cent companies have also been hiring apprentices to meet the increased demand for products and services due to the pandemic.

 

Other than this, another contributing factor is that employers are increasingly accepting the merit of apprenticeship as a successful model to create a productive resource pool of skilled talent. About 27 per cent of the organisations surveyed expressed their intent to hire apprentices to optimise the manpower cost at the basic level.

 

Sumit Kumar, Vice President - NETAP, TeamLease Skill University, said, “Despite the predicament that the current pandemic has brought, the overall sentiment amongst companies to hire apprentices has been very positive. While in the initial months of the lockdown, we witnessed a dip, the hiring intent has bounced back quite aggressively, especially since June/July. On one hand, more employers are continuing to accept apprenticeship as a solution to create a skilled productive workforce.”

 

 

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