TeamLease EdTech, a leading B2B EdTech company today launch their report, “Future of Apprenticeship in India”, an analysis on the evolving degree apprenticeship ecosystem in India. The study indicates that 92% of Universities and Higher Education Institutes (HEIs) believe that Degree Apprenticeships equip students better to meet the demands of the evolving workforce than regular degrees.
The analysis further suggests that the apprenticeship model equips the students with basic work experience and essential soft skills, thus making them more employable.
Mr. Shantanu Rooj, Founder & CEO, TeamLease EdTech, Said :
The study further highlights how apprenticeships are creating higher value for students as they go through the learning curve.
62% of the respondents stated that apprenticeships have created a sustainable cycle of learning by enabling students to earn while they learn.
This would go a long way in improving the GER of the country by boosting the demand side.
Further deep diving into the ecosystem, the report also highlights that Degree Apprenticeships are also helping to address the issue of dropping gross enrollment rations (GER) in higher education institutes.
Ms Neeti Sharma, Co-Founder and President, TeamLease EdTech, Said :
The National Education Policy 2020 has also set the foundation for more universities to come forward and launch degree apprenticeship programs.
With only 4-5 universities offering degree apprenticeships in India today, there are close to 63,000 active degree apprentices currently.
With more universities coming forward, the pool of employable apprenticeship aspirants is going to significantly increase.
This will complement the rising demand for the apprentices in the industry (according to the recent Apprenticeship Hiring Outlook Report by NETAP from TeamLease Skills University, 72% of employers are keen to hire apprentice in H1 2022 itself).
In fact, according to the findings of this study, 70% of universities and HEIs believe that with the introduction of new degree apprenticeship programs and a significant increase in the demand for hiring apprentices, India will have more than 10 million apprentices in the next five years.
About TeamLease Edtech
TeamLease Edtech is India’s leading learning solutions company providing comprehensive services across Universities and Corporates: We help Universities launch, run and manage their own Online Programs, help Institutes improve employability of their students through our skilling programs and help Corporates up-skill & reskill their workforce to improve productivity and build talent supply chain.
TeamLease EdTech provides a modular multi-modal classroom model of learning that works across multiple classrooms – Online, Onsite, On-Job and Virtual to provide a seamless learning experience to the learner.
TL Edtech has exclusive partnership with 50 of India’s largest Universities across 16 Indian states, trains 5 Lakh students on its platform through 9 Indian languages, works with 700 corporates in their upskilling/skilling initiatives and manages over 200 degree, diploma, certificate programs.