Mumbai, March 29, 2022: Leading B2B Educational Technology company,  TeamLease EdTech,  has released a report -- “Future of Apprenticeship in India” -- analysing  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.
Says Shantanu Rooj, Founder & CEO, TeamLease EdTech, said, “In India, we have a major skills crisis. There are close to 1.2 crore students who graduate every year, but only 35% of these students are actually employable enough to join the industry. Over the past few years, Degree Apprenticeships have emerged as a solution to this skill crisis. HEIs in India strongly believe that apprenticeship embedded degrees are proving to be more beneficial for students. In fact, as our survey indicates, 79% universities and HEIs feel such programs provide practical hands-on skills to students making them job ready as they enter the workforce; additionally, 71% feel that students learn the nuances of the corporate world better through such programs.”
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. ( more detailed report in our education section)