Why India needs to reform its Degree Apprentices Program

India’s young population has immense potential, but unfortunately, they face a significant skills gap. Employers hesitate to fund training due to the risks involved, and candidates often struggle to secure jobs, be productive, or leave the job. These factors hinder the development of skills and job creation and traditional financing methods have failed to address this gap. To overcome this challenge, it is crucial to establish strong connections between education, employability, and employment. Addressing three critical issues is imperative: connecting supply and demand, rectifying mismatches, and ensuring a steady supply pipeline to meet the demand.

The good news is that Degree Apprenticeship (DA) programs show promise in tackling these concerns. DAs can align with policy objectives and employer needs by offering faster hiring, reduced attrition and increased productivity, promoting scalability and replicability.

The skilling landscape in India is complex, and integrating employer financing into this framework requires policy adjustments within the existing DA structure. Tripartite contracts between universities, employers and students must be formalised, and an apprenticeship credit framework must be established to streamline eligibility and study tenure. Moreover, collaboration among stakeholders is essential to bridge the gap between education and industry needs- employers, universities, and skills organisations must collaborate to achieve this convergence.

As India’s skill landscape evolves, the demand for holistic solutions intensifies, with parents, educators, and policymakers seeking a unified approach that integrates education, skills, and employment opportunities. Degree Apprenticeships represent a transformative step in this direction, promising to revolutionise India’s skill ecosystem.

The Economic Times published an article on Why India needs to reform its degree apprenticeship programmes, penned by our Vice-Chairman, Mr. Manish Sabharwal, and CEO, Mr. A.R. Ramesh.

Interested to know more about apprenticeships and its 3-fold benefits? Contact us

 

Author

Manish Sabharwal
Vice Chairman
TeamLease Services Ltd

A.R. Ramesh
CEO
TeamLease Degree Apprenticeship

Latest Articles

The Cost of Compliance: A Roadblock to Job Creation and Growth?

Author(s): Kartik Narayan, CEO - Staffing, TeamLease Services Ltd. & Rishi Agrawal, CEO, TeamLease Regtech. India is uniquely positioned among large countries, with over 20...

Read More

Fueling India’s Green Economy: Jobs, Salaries & Skills in Renewables

India’s renewable energy sector is driving a transformative shift toward sustainability while fueling economic growth. With ambitious targets like achieving 500 GW of renewable energy...

Read More

Strategies for QSRs to Overcome Competition, Costs, and Evolving Consumer Needs

Factors Contributing to the Slowdown in the QSR Industry The ongoing slowdown in the Quick Service Restaurant (QSR) industry stems from multiple challenges. Rising inflation...

Read More

TeamLease Services: Empowering Talent

For more than two decades, TeamLease has offered customised hiring solutions for clients from diverse industries facilitating the employment of over 23 lakh individuals TeamLease...

Read More

The Digital Shift in Agriculture: Transforming Rural Job Opportunities

Technology is transforming Indian agriculture, setting the stage for a revolution, promising not only a surge in productivity but also exciting new job opportunities for...

Read More
Business Enquiry