30 December 2024: India’s electronics industry is undergoing a transformative phase, with an ambitious goal of achieving $500 billion in manufacturing output by 2030. To meet this target, the sector must grow fivefold over the next five years, bridging a $400 billion production gap. Currently, domestic production stands at $101 billion, with mobile phones contributing 43%, followed by consumer and industrial electronics at 12% each, and electronic components at 11%. Additionally, emerging segments like auto electronics (8%), LED lighting (3%), wearables and hearables (1%), and PCBAs (1%) offer substantial growth potential. According to TeamLease Degree Apprenticeship’s latest electronics report, the electronics sector is poised for significant expansion, projected to create 12 million jobs by 2027—3 million direct and 9 million indirect roles. Direct employment opportunities will include nearly 1 million engineers, 2 million ITI-certified professionals, and 0.2 million specialists in fields like AI, ML, and data science, while non-technical roles are expected to contribute 9 million indirect jobs. These trends underscore the sector’s capacity to fuel economic growth and provide diverse career opportunities. While the outlook appears promising, India’s electronics sector faces a significant talent deficit that could impede its progress. This gap is not just a numerical challenge but is deeply tied to a shortage of skilled talent, threatening the country’s ability to achieve its ambitious manufacturing goals. Workforce skills must align with industry needs, particularly for high-demand components like semiconductors, electromechanical parts, and passive/active components. To address these challenges, targeted efforts are required to build a skilled, future-ready workforce. A.R. Ramesh, CEO of TeamLease Degree Apprenticeship, shared, “Achieving the ambitious goal of $500 billion in manufacturing output by FY 2030 demands a more assertive approach to addressing critical skill gaps. Apprenticeships and internships play a transformative role in bridging this gap by providing hands-on training directly aligned with evolving industry demands, ensuring graduates are not only employable but industry-ready. Scaling apprenticeship enrollments, projected to grow from 1 million to 2 million apprentices by 2027, will help create a robust talent pipeline to meet industry needs.” Sumit Kumar, Chief Strategy Officer at TeamLease Degree Apprenticeship, added, “India’s electronics sector, valued at $101 billion, is swiftly positioning itself as a global electronics hub, contributing 3.3% to global manufacturing and 5.3% to India’s total merchandise exports in FY23. Despite its modest 4% participation in global value chains, the sector holds immense growth potential by moving beyond final assembly to include design and component manufacturing. As opportunities and employment creation rise, a multi-pronged approach becomes essential, with a strong focus on apprenticeships, reskilling, and upskilling to cultivate a future-ready workforce. Apprenticeships are crucial in building a talent pipeline by combining theoretical knowledge with hands-on experience, ensuring that the workforce is equipped with industry-relevant skills. Furthermore, capacity building is vital, especially given that ITIs currently operate at just 51% enrollment. Employers and industries can strengthen this effort by setting up in-house training centers and collaborating with academia through Work-Integrated Learning Programs (WILP) and degree apprenticeships. Scaling apprenticeship programs, reskilling, and upskilling initiatives for over 50% of the workforce, alongside robust capacity-building measures, will empower India to bridge the skills gap and drive sustainable growth, solidifying its position as a global leader in electronics.” About TeamLease Degree Apprenticeship:  TeamLease Degree Apprenticeship is India’s largest Degree Apprenticeship service provider offered through a partnership with 22 universities pan-India, including TeamLease Skills University (TLSU) and an empanelled third-party Aggregator under the guidelines laid down by the Ministry of Education & Ministry of Skill Development and Entrepreneurship. The company acts as a key facilitator between industry, academia, youth, government & industry bodies for the penetration of and improving the effectiveness of work-based learning programs, including apprenticeships, across India. The company has hired about 1 million apprentices with more than 1000 employers in the past 10 years. 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 bridging the skill deficit.    

In this rapidly changing business environment, organizations face the dual challenge of addressing immediate skill shortages while ensuring a sustainable workforce for the future. Apprenticeships have emerged as a strategic solution, offering a mutually beneficial proposition for both businesses and individuals. Apprenticeship programs provide a steady stream of skilled talent to fill current skill gaps and foster a loyal, adaptable workforce that drives long-term growth and innovation. By integrating hands-on training with formal education, these programs help organizations build a competitive edge while offering participants valuable work experience and opportunities for career advancement. At a recent Leadership Discussion in Hyderabad, experts from TeamLease Degree Apprenticeship explored the pressing challenges in creating an effective talent pipeline. The discussion focused on the disconnect between employer needs and candidate skills, rising hiring and training costs, high turnover rates, and the necessity for agility in today's dynamic talent landscape. One key takeaway was how apprenticeships can significantly reduce talent acquisition and training costs, develop a skilled talent pipeline and yield long-term benefits by building a loyal workforce. Despite Telangana's strong per-capita income, the state grapples with sectoral, spatial, and segmental inequalities. Unemployment remains a significant issue, particularly among the youth, with a rate of 15.1% in the 15-29 age group, as reported by the PLFS 2022-23. Rural unemployment among youth stands at 9.7%, while urban unemployment reaches 25.4%. The challenge is especially pronounced in Hyderabad's booming IT sector, where hiring difficulties and skill gaps persist, particularly in emerging technologies and specialized roles. During the session, leaders discussed how customized talent development programs, such as degree apprenticeships that focus on industry-relevant skills alongside academic qualifications, can help employers in Telangana build a future-ready workforce. For more details, you can read the full press release about the event in BusinessWorld.

TeamLease Degree Apprenticeship, a leader in apprenticeship programs, has announced a ground-breaking initiative to equip 2 million young individuals with crucial apprenticeship training by 2028. This ambitious goal marks a significant milestone in the company’s mission to address the growing demand for skilled talent across various industries. With India's youth population poised to play a pivotal role in the country’s economic growth, TeamLease’s initiative is designed to bridge the gap between educational qualifications and industry requirements. The program aims to provide hands-on, practical experience to students, enhancing their employability and readiness for the workforce. Ramesh Alluri Reddy, CEO of TeamLease Degree Apprenticeship, emphasized the importance of this initiative - ‘We are committed to transforming the landscape of skill development in India. By 2028, our goal is to train 2 million young professionals, equipping them with the necessary skills and experience to excel in their careers. This effort aligns with our broader vision of creating a robust, skilled workforce that meets the needs of today’s dynamic job market.’ The apprenticeship training will focus on various sectors, including IT, manufacturing, healthcare and retail, reflecting the diverse needs of India’s evolving economy. TeamLease Degree Apprenticeship plans to collaborate with leading industry players, educational institutions and government bodies to ensure the program’s success and widespread impact. In addition to providing technical and professional training, TeamLease’s program will offer mentorship and career guidance to participants, helping them navigate their career paths and achieve their professional goals. The initiative also aims to foster partnerships with businesses to facilitate seamless job placements for apprentices upon program completion. This strategic move by TeamLease Degree Apprenticeship is set to create significant ripple effects in India’s employment landscape, addressing skill shortages and supporting economic growth. By investing in the future of India’s youth, TeamLease is paving the way for a more skilled, competent workforce that will drive the country’s development forward. Read our press release on this initiative in CXOToday For more information about the apprenticeship training programs and how to get involved, please visit - Teamlease Degree Apprenticeship.

• A small hospital needs to deal with at least 623 unique compliances in a year*
• Labour compliances account for approximately 31% of the compliance obligations.
• Hospitals must secure at least 100 licences, permissions, and approvals under 58 different acts.

*50-bed hospital with facilities like a diagnostic centre, radiology, pathology lab, and pharmacy operating in a single state. Bangalore, 20th August 2024: TeamLease Regtech has unveiled its latest report titled ‘Simplifying Compliance Management for Hospitals.’ This comprehensive report delves into the intricate regulatory challenges faced by hospitals nationwide. It examines the existing regulatory landscape, highlights the hurdles, and offers actionable recommendations to help alleviate these complexities. India’s healthcare sector has witnessed remarkable growth in recent years, with public healthcare expenditure increasing to 2.2% of GDP in FY23. The sector, currently valued at US$372 billion, is poised to reach US$638 billion by 2025. The burgeoning medical tourism industry, currently valued at over $7 billion, is expected to double by 2029, attracting approximately 630,000 international patients in 2023 alone. As a major employment generator, the sector currently employs 7.5 million people as of 2024, underscoring its potential and the need for effective compliance management. For a typical 50-bed hospital with facilities like a diagnostic centre, radiology, pathology lab, and pharmacy operating in a single state, the report identifies 623 unique regulatory compliances. Of these, 421 (67.5%) are mandated at the union level, 192 (31%) at the state level, and 10 (1.5%) at the municipal level. When compliance frequency is considered, the annual obligations for such a hospital can rise to 967. Additionally, the hospital must secure 100 licences, permissions, and approvals under 58 different acts. Hospitals must comply with various regulatory requirements, including those under the Narcotic Drugs and Psychotropic Substances Act, 1985, and the Maharashtra Narcotic Drugs and Psychotropic Substances Rules, 1985. This involves submitting annual disclosures regarding the purchase and consumption of manufactured drugs to the licensing authority and maintaining detailed records of drug usage and inventory. The Pharmacy Act, 1948, and the Pharmacy Practice Regulations, 2015, mandate hospitals to keep patient records for five years, document drug compounding, labelling, dispensing, and maintain prescription records. Moreover, hospitals are required to record and report administered drugs and any cases of communicable diseases. The Pre-Conception and Pre-Natal Diagnostic Techniques (Prohibition of Sex Selection) Act, 1994, requires hospitals to preserve the names of individuals receiving genetic counselling for two years. The report further reveals that a hospital must obtain 100 licences across Union, State, and Municipal/Local levels. Labour compliances account for approximately 31%, while industry-specific regulations comprise over 27% of the unique obligations. Factoring in the frequency of these compliances, a hospital may face up to 967 regulatory obligations annually. These obligations multiply as the hospital expands its operations or geographic presence. Managing and tracking all these regulatory requirements can be extremely challenging when relying on Excel sheets and ad-hoc processes. The report concludes with recommendations for regulatory reforms to enhance the ease of doing business and provide modern compliance management solutions for healthcare providers. Download the full report: Simplifying Compliance Management for Hospitals in India

India's  rapid technological transformation is evident in the electronics fabrication sector and the growing 5G infrastructure. These advancements enhance industry capabilities and create substantial employment opportunities for the youth. This underscores the critical need for skill development to keep pace with technological demands and prepare the youth for future job markets. Electronics Fabrication: A Modern Manufacturing Era India's electronics fabrication sector is undergoing significant transformation, incorporating advanced materials and processes like organic electronics and 3D printing. This evolution demands a workforce proficient in these sophisticated technologies. The semiconductor industry is projected to grow to $100 billion by 2030 and create approximately 1 million jobs globally between 2025 and 2026. In India, 250,000-300,000 skilled professionals will be needed by 2027 in R&D, design, manufacturing, and packaging. Enhancing industry-academia collaboration is crucial to meet this demand, fostering training programs that align with market needs. Telecom Industry: The 5G Revolution The introduction of 5G technology in India is revolutionising industries and creating numerous job opportunities. The telecom sector is expected to employ 67.9 lakh workers by FY25, with a focus on roles related to 5G. Emerging job profiles include 5G technology developers, cybersecurity experts, AI/ML developers, and RF systems architects. Essential skills include knowledge of devices, open-source architecture, IoT, and niche sector-specific expertise. Soft skills such as adaptability and problem-solving are also vital. Airfibre: Expanding Connectivity and Employment Airfibre technology is enhancing high-speed internet access without wires, generating jobs for telecom engineers, project managers, and FTTH planners. Telecom companies are rolling out 5G services. This has led to a higher need for professionals who can design and manage fiber optic services. Additionally, customer service roles are expanding to meet the rising demand. Customer service roles are also growing to keep up with the increased demand. Electric Vehicles (EV): Driving Job Growth The electric vehicle industry in India is growing rapidly. Employers expect job openings to increase by 40-45% in 2023 compared to the previous year. By 2030, the sector could create 10 million direct jobs and 50 million indirect jobs. The industry, valued at USD 5.48 billion in 2023, is expected to grow at a CAGR of 34.7% between 2024 and 2032. Emerging job profiles include battery engineers, electric powertrain engineers, data scientists, and regulatory compliance experts. Skills in demand encompass battery technology, powertrain development, data analytics, AI, and regulatory knowledge. Industry 4.0: Revolutionising Manufacturing Industry 4.0 is significantly impacting India's manufacturing sector, creating new job opportunities and requiring a new skill set. Using these technologies is leading companies to hire more workers. 74% of employers anticipate growth in the second half of FY24. Key recruitment hubs include Chennai, Bangalore, Hyderabad, and Coimbatore. New job profiles include data architects, blockchain developers, AI developers, and sustainability advisors. Skills in demand cover technical expertise in PLC programming, micrometers, blueprints, and soft skills like adaptability and global awareness. Renewable Energy: Powering Future Jobs India's renewable energy sector is experiencing significant job growth, particularly in tier II and III cities. In FY24, job demand increased by 23.7%. Emerging job profiles include solar PV technicians, wind turbine technicians, energy storage operators, and waste management specialists. Key skills needed include technical proficiency in renewable energy systems, project management, data analysis, and sustainability practices. Embracing New Skills As India advances technologically, the job market is evolving, demanding continuous learning and skill development from the youth. By embracing these changes and upskilling, young professionals can look forward to promising careers in various dynamic fields. TeamLease can help you meet your staffing needs with skilled professionals in various sectors, we have the expertise to connect you with the right talent. Contact us today to learn how we can support your workforce development.

• 75.90% of employers identify technical skills as crucial for gig workers
• 68.67% stress the importance of communication skills
• Over 90% emphasize the need for digital proficiency
• On-the-job training (76.19%) and online courses (73.81%) are the top methods for skill enhancement

India, 19th July 2024: Celebrating World Youth Skills Day, TeamLease EdTech, a leader in learning and employability solutions in India, unveiled its in-depth report titled "Gig Economy Skills: Equipping Youth for Freelance and Flexible Work." This report, based on data from 837 employers across various industries, delves into the critical skills and competencies necessary for thriving in the burgeoning gig economy. The report reveals a positive outlook for gig workers, with 78.57% of employers stating that gig workers meet or exceed job expectations. Technical proficiency stands out as the most critical skill, with 75.90% of employers highlighting its importance, reflecting the growing reliance on technology in today's job market. Close behind, 68.67% of respondents underline the need for strong communication skills, essential for remote collaboration and client management. Employers show a clear preference for gig workers with 1-5 years of experience, as indicated by 67.86% of the respondents. This preference suggests a balance between fresh perspectives and practical experience. Furthermore, digital literacy is deemed indispensable, with over 90% of employers emphasizing its necessity in the digital-dominated gig economy. When it comes to skill enhancement, on-the-job training (76.19%) and online courses (73.81%) are the preferred methods, providing practical and flexible learning opportunities. The report also identifies key skill gaps in new gig workers, notably industry-specific knowledge (42.86%) and soft skills (28.57%). Employers seek a blend of domain knowledge, technical expertise, and strong soft skills for effective client handling. Looking ahead, the study highlights that AI and automation skills (53.57%) will be pivotal for gig workers over the next five years, followed by advanced technical skills (21.43%) and sustainability practices (14.29%). Shantanu Rooj, Founder and CEO of TeamLease EdTech, commented on the report’s findings: “The gig economy is not just a glimpse into the future of work but a significant part of our present. With 78.57% of gig workers meeting or exceeding expectations, we see tremendous potential. The focus on both technical and soft skills underscores the intricate demands of this new work paradigm. Continuous upskilling, particularly in AI and automation, is not just beneficial—it’s essential.” Jaideep Kewalramani, COO and Head of Employability Business, emphasized the need for ongoing skill development: “Our study provides a clear roadmap for gig worker development. The strong preference for on-the-job training and online courses reflects the demand for flexible, practical learning solutions. Addressing the 42.86% gap in industry-specific knowledge presents a significant opportunity. By targeting industry-aligned programs, we can ensure gig workers are not just meeting today’s demands but are well-prepared for future challenges.” Download the full report: Gig Economy Skills: Equipping Youth for Freelance and Flexible Work

• The Indian workforce is expected to grow by 6.33%
• Top New Locations: Coimbatore, Visakhapatnam, Jaipur

Bengaluru, July 15, 2024: TeamLease Services' Employment Outlook Report paints a promising picture for India's job market in the first half of fiscal year 2025. With a projected incremental workforce expansion of over 6%, supported by robust economic conditions and a near 7% GDP growth forecast, India is poised as the fastest-growing G-20 economy. Kartik Narayan, CEO of TeamLease Staffing, emphasised, "With India forecasted to be the fastest-growing G-20 economy in 2024, coupled with strong investment demand and easing inflation, the job market remains resilient in the face of global headwinds. Nearly two out of five organisations are prioritising skills development, equipping their workforce for the technological advancements that lie ahead.” The findings of our report shed light on the dynamic and optimistic hiring landscape. The survey also reveals that the healthcare, pharma, automotive, manufacturing, engineering, and infrastructure sectors have the highest number of employers planning to increase their workforce. Leading industries in workforce size growth include construction and real estate, travel and hospitality, and electric vehicles (EV) and EV infrastructure. Delhi, Bengaluru, and Hyderabad are leading cities for employment opportunities, while Coimbatore, Visakhapatnam, and Jaipur are notable emerging job markets. Employers are actively seeking candidates with strong communication skills, attention to detail, technical proficiency, and organisational abilities for both current and new roles. Furthermore, 35% of talent acquisition strategies are anticipated to be significantly influenced by generative AI, indicating a shift in hiring practices driven by technological advancements. India's job market is set for significant growth across various industries, supported by robust economic conditions and strategic investments in technology and skills development. Employers' focus on skill prioritisation and generative AI highlights a progressive hiring landscape. With ample opportunities in both established and emerging cities, the future of India's employment sector looks exceptionally promising. Download the full report: Employment Outlook Report H1 FY25

• Temporary roles in high demand include in-store promoters, service technicians, supervisors, sales trainers, channel sales executives, customer support executives, warehouse managers, tele-support executives, and electronics engineers.

• The opportunity cost of lost revenue due to vacant positions and reduced productivity amounts to ₹118.6 crore for the in-store promoter role alone for a mid sized company 

TeamLease Services, India's leading staffing conglomerate transforming employment, employability, and ease of doing business, has released its 'Consumer Durables & Electronics: A Staffing Perspective Report,' providing comprehensive insights into the country's growth in the consumer durables and electronics sector. With India reinforcing its status as the world's fastest-growing major economy, the report predicts that the country will emerge as the third-largest consumer market by 2027.The workforce employed in this sector will be crucial in enhancing its capacity to effectively serve its intended beneficiaries and attain sustainable growth. The report highlights the critical role of this workforce in meeting the sector's demand for diverse talent swiftly and efficiently. In the report, TeamLease Services highlighted high-demand temporary roles such as in-store promoters, service technicians, supervisors, sales trainers, channel sales executives, customer support executives, warehouse in-charge, tele-support executives, and electronics engineers, as pivotal to the growth in the consumer durables and electronics industries. Detailed market segmentation and size analysis cover a range of consumer durables—from small appliances like kitchen appliances, LED lights, and electric fans to large appliances such as ACs, refrigerators, and washing machines—and consumer electronics, including TVs, mobile phones, computing devices, and digital cameras. Notably, the AC market is projected to reach ₹5.8 billion by 2028 with a CAGR of 15%, while the mobile phones market is estimated to reach ₹61.2 billion by 2028, growing at a CAGR of 6.7%. A demographic profile of the temporary workforce reveals it is predominantly male (94%), with an average age of 31 years and a tenure of 2.8 years. More than half of this workforce has education levels below the 12th standard, and hence, appropriate training is required to develop certain skill sets to ensure productivity. TeamLease Service's report also provides an in-depth geographic analysis, revealing that the temporary workforce is concentrated primarily in the South region. Tamil Nadu, Karnataka, Maharashtra, Uttar Pradesh, and Telangana are leading in temporary job growth. At the city level, Bengaluru, Hyderabad, Chennai, Kolkata, and Mumbai are the main drivers of this growth. The report also examines compensation trends, noting variations in average annual CTCs and incentives across regions and city tiers, with the highest annual CTCs in metro cities and the highest average monthly incentives in tier 2 cities. Attrition remains a significant challenge, with the report differentiating between regrettable attrition (22% of high-performing employees exiting) and non-regrettable attrition (31% of employees who have not earned incentives). The cost of attrition to the organization with 1000 employees is approximately ₹3.64 crore. The opportunity cost due to attrition specific to the in-shop promoter role is approximately ₹118.6 Crore for an organization of 1000 employees. Balasubramanian A, Senior Vice President at TeamLease Services, said, “Attrition is a persistent obstacle that can substantially impact an organization's bottom line and growth prospects. Our report reveals over ₹100 crore opportunity cost pertaining to lost revenue for a midsized firm, highlighting the urgent need for businesses to address this issue proactively. Tackling attrition is not just a cost-saving measure but an investment in the sustained growth and competitiveness of our manufacturing and retail powerhouses. We must reimagine talent management strategies to attract, nurture, and retain a temporary workforce.”  Kartik Narayan, CEO of Staffing, TeamLease Services Limited, said, "Understanding the specific needs and dynamics of the temporary workforce is crucial for driving sustainable growth in the consumer durables and electronics sector. As India establishes itself as the world's third-largest consumer market, we have a generational opportunity to reimagine workforce solutions. Our report provides actionable insights to help businesses optimize staffing strategies and enhance operational efficiency." The report also reveals TeamLease Services's successful case studies, showcasing their expertise in implementing tailored solutions to address clients' workforce challenges. It includes restructuring salary frameworks, providing customized training programs, and implementing end-to-end workforce management solutions. These initiatives have resulted in substantial cost savings, reduced attrition rates, and improved employee engagement and productivity.

A CXO Roundtable by TeamLease Degree Apprenticeship TeamLease Degree Apprenticeship, India's premier privately-owned degree apprenticeship program from TeamLease Services, held a distinguished event titled ‘People Supply Chain Innovation: Interpreting the ROI in Apprenticeships’ at ITC Narmada, Ahmedabad. Gujarat has emerged as a top destination for both domestic and international investments, ranking among India’s top three in Manufacturing FDI. The state boasts a strong labour force participation rate, lower unemployment and an entrepreneurial spirit, positioning it well for economic growth and job creation. However, organisations face challenges in talent acquisition, engagement and development due to technological disruptions and demographic diversity. TeamLease’s event aimed to tackle critical challenges in talent acquisition and explore the ROI in Apprenticeships and other work-based learning programs. Strategies discussed at the event included developing internal talent, implementing Managed Training Services (MTS) and Hire-Train-Deploy (HTD) models and outsourcing apprenticeship management.  The discussion also covered the ROI in Apprenticeships - a 3X return in three years, reducing talent acquisition costs by 50% and boosting business productivity by 20-25%. Additionally, the discussion also highlighted the need for structural reforms to accelerate skill development in India, emphasising the symbiotic relationship between functional skills and theoretical knowledge. It was underscored that skill development and education should not be treated as distinct entities. Instead, a concerted effort to enhance youth employability through education-embedded work-based programs was deemed imperative, with the potential to significantly bolster human capital. Specific measures, such as the tripartite agreement model involving academia, industry and youth as key stakeholders and providing lifelong learning opportunities for upskilling and reskilling through apprenticeships, were thoroughly discussed. Additionally, there was a detailed examination of education pathways that mirror extended apprenticeship programs for bridging skill gaps and preparing a workforce for the future. A.R. Ramesh, CEO of TeamLease Degree Apprenticeship, emphasised the urgent need to address the challenges in creating a robust talent pipeline. With India expected to contribute a quarter of the world’s new workforce in the next decade and AI set to disrupt millions of jobs, developing a skilled workforce is crucial. Ramesh noted that although Gujarat is a top performer in FDI and economic indicators, it needs to increase its apprenticeship adoption to build a productive talent pool. He also discussed the potential of Managed Training Services and Hire-Train-Deploy models to enhance the productivity of apprentices and fresh recruits. Sumit Kumar, Chief Strategy Officer at TeamLease Degree Apprenticeship, highlighted the significant growth and investments in Gujarat’s key sectors. The state has seen a 700% increase in EV demand over the last three years and a substantial expansion in charging infrastructure. Gujarat accounts for nearly 30% of India’s pharma exports and is set to manufacture India’s first semiconductor chip this year. However, talent availability and productivity have become significant challenges. He emphasised the need to scale up apprenticeship adoption, as it offers a proven pathway to creating a sustainable talent supply chain. Dhriti Prasanna Mahanta, Business Head and Vice President at TeamLease Degree Apprenticeship, emphasised the pivotal role of apprenticeships in augmenting organisational efficiency and talent management. By refining talent acquisition and retention processes, these programs yield substantial cost savings, signifying a strategic shift towards nurturing internal talent. The shifting prominence of specific industries in Gujarat is evidenced by the changing proportions of apprentices engaged in each industry. Dhriti also added that expanding apprenticeship programs in Gujarat is crucial for cost savings, increased productivity, scaling up the skilling ecosystem to drive industry growth and nurturing the state’s entrepreneurial spirit. About TeamLease Degree Apprenticeship 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 Education, Ministry of Skill Development and Entrepreneurship, CII and NSDC. The company has hired about 700,000 apprentices with 1000+ employers. About 98% of these apprentices have transitioned into formal employment and almost 40% have been employed in the same organisation. Through its Degree Apprenticeship Program, TeamLease focuses on enhancing the employability quotient of the youth of our country and bridging the skill deficit. TeamLease Skills University (TLSU) is India’s first vocational skills university and India’s first NAAC certified University that offers employment-oriented multi-level programs.

TeamLease Degree Apprenticeship, in conjunction with Genpact, is pleased to announce the groundbreaking initiative to reshape the landscape of apprenticeships in India. With a shared objective of facilitating employment for over 5000 graduate apprentices, this joint effort is committed to unlocking the potential of India's youth. By seamlessly blending on-the-job training with formal education, the aim is to nurture a highly skilled workforce capable of meeting the evolving demands of the IT & BPM industry. Over the past five years, the combined efforts have seen remarkable success, with more than 18,000 apprentices trained, and an impressive 95% transition into the workforce. The 12-month Graduate Apprenticeship Program not only offers invaluable work experience but also focuses on enhancing essential soft skills crucial for professional success. Through strategic alliances with academic institutions and industry leaders, TLDA ensures apprentices receive tailored, comprehensive training aligned with industry requirements. Join us in shaping the future of apprenticeships, bridging skill gaps, and empowering individuals with invaluable skills! A joint press statement from Genpact and TeamLease Degree Apprenticeship regarding this was published by multiple media outlets, including Business Standard, BW People, and ETHR World. About TeamLease Degree Apprenticeship 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 Education, Ministry of Skill Development and Entrepreneurship, CII and NSDC. The company has hired about 700,000 apprentices with 1000+ employers. About 98% of these apprentices have transitioned into formal employment, and almost 40% have been employed in the same organisation. Through its Degree Apprenticeship Program, TeamLease focuses on enhancing the employability quotient of the youth of our country and bridging the skill deficit. TeamLease Skills University (TLSU) is India’s first vocational skills university and India’s first NAAC certified University that offers employment-oriented multi-level programs.

TeamLease Services emphasizes the necessity of following FSSAI compliance guidelines to promote employee well-being. To foster the anticipated growth of the quick-service restaurant (QSR) sector, companies need to effectively manage regulatory compliance concerning salary, incentives, statutory bonuses, ESIC, gratuity, and leave policies. National, April 29th, 2024: With India’s food sector undergoing explosive growth, the country’s Quick Service Restaurant (QSR) sector is projected to reach a milestone of USD 38.71 billion by 2029, accompanied by rapid national expansion in the coming years. As quick-service restaurant (QSR) brands rapidly expand their operations to meet growing demand, TeamLease Services Limited, a prominent staffing firm in India focused on employment, employability, and ease of doing business, has underscored the critical issue of non-compliance within this rapidly growing sector. Industry stakeholders must address this immediately, as non-compliance can result in legal penalties, reputational harm, and operational disruptions for QSR businesses. The Food Safety and Standards Authority of India (FSSAI) is taking active steps to tackle food safety concerns by educating those in the food services sector about regulatory compliance. FSSAI requires restaurants to clearly display food safety boards outlining hygiene, sanitation, good manufacturing practices (GMP), and other pertinent guidelines. Restaurants must also hire trained food safety supervisors on-site. Additionally, FSSAI is streamlining the registration process for Food Business Operators (FBOs) to ensure strict adherence to its guidelines. At present, among the country's 2.5 million food business operators (FBOs), just 0.5 million, or 20%, hold an FSSAI license. From the perspective of managing the workforce effectively in this fast-paced food service industry, it is suggested that companies in the QSR sector must prioritize compliance to ensure the well-being of their employees, maintain customer trust, and sustain long-term success in the industry. The QSR sector is experiencing high attrition rates with a monthly average of 10-40% employee turnover. Around 75% of the workforce has a tenure of less than 3 years, with 36% serving for just 1 to 2 years. A significant factor contributing to the high attrition rate is inadequate compensation levels and practices. The average salary of 88% of the workforce varies between INR 15,000-20,000. It is even more concerning that 12% earns less than INR 15,000 which is less than the minimum wage threshold for many states in India. Furthermore, approximately 64% of the quick-service restaurant workforce does not receive any incentives. Alarmingly, 21% of QSRs are non-compliant in terms of statutory benefits as they fail to meet minimum wage requirements. Also, 30% of them neglect to provide statutory bonuses. Without bonuses and incentives, employees may lack motivation to excel in their work, affecting overall operational efficiency and the quality of customer service. 23% of QSRs are not compliant with the Employee's State Insurance Corporation (ESIC) provision that ensures medical care for employees earning less than Rs.21,000. This oversight compromises employee well-being and reflects a disregard for regulatory obligations. The provision of gratuity benefits in the sector is also a cause for concern. While 58% of the QSR chains extend gratuity benefits to employees with 5-year tenures, the proportion of eligible employees is significantly low due to high attrition rates. 24% of the surveyed QSRs do not provide any leaves beyond standard weekly offs, potentially contributing to employee burnout and dissatisfaction. Kartik Narayan, CEO of Staffing, TeamLease Services Limited, said,  “As a leading staffing partner, we have witnessed firsthand the impact of non-compliance on both the workforce and business operations. Nearly 75% of QSR employees have tenures less than 3 years, with over a third lasting just 1-2 years. This is further fueled by issues like subpar pay, lack of incentives, and failure to provide statutory benefits. These findings are indeed a wake-up call for the QSR industry.” “An unmotivated workforce leads to high turnover rates, operational disruption and compromised customer service, thereby affecting the overall profitability. Therefore, the QSR sector must prioritize fair labour practices, competitive compensation, and robust compliance measures. Addressing these workforce challenges is not just an ethical imperative but a strategic business necessity for the industry's long-term sustainability and success,” he added. Balasubramanian A, Vice President & Business Head of TeamLease Services Limited, said, “While the QSR industry is undergoing rapid growth, there is a need to uphold compliance standards. There are alarming gaps like failing to provide minimum wage and neglecting statutory bonuses. Also, nearly 24% of QSR businesses do not provide any leaves beyond standard weekly offs, 4 in a month. Only a few of them prioritize employee satisfaction by allowing leave carry-forwards and accommodating extended leaves for personal reasons. This oversight erodes employee morale, and undermines customer trust. These practices largely explain why the average age of employees in the QSR space is in the low 20s. They see this as a first step but definitely not even as a near term let alone a long term career option. By partnering with experienced staffing and compliance experts and leveraging advanced tools, QSRs can navigate this complex landscape while prioritizing their workforce's well-being.” Effective management of workforce policies regarding salary, incentives, statutory benefits, and leave entitlements is key to sustainable growth. Collaboration between industry leaders, policymakers, and regulators is necessary to develop strong compliance standards that uphold fair labor practices and improve employee welfare. By maintaining ethical standards and fostering a positive work environment, QSR businesses can create a motivated workforce and secure long-term success.

17^th, April 2024: TeamLease Digital, a tech staffing and solutions provider, has released a detailed report titled Women at the Heart of India’s Digital Evolution. The insightful report takes a deep dive into various aspects, including the total women’s tech workforce in India, women’s employment in GCC and in the non-tech sector, city-wise trends of women workforce expansion, in-demand and futuristic tech roles for women, and challenges faced by women in tech, among others. It also discusses the future outlook for women working in the tech workforce, which includes a projected 24.3% increase in women’s participation across all levels - entry/freshers, junior, mid-senior, leadership, and C-Suite levels. The following are the details covered extensively in the report: Changing dynamics of women's participation in the workforce As our country strives to capitalize on its demographic dividend, with the world's largest working-age population, which is predicted to reach over 70% by 2030. We can no longer afford women's under representation in the workforce. Trends indicate that the next five years will be critical for the country to attain an 8% GDP growth rate and that women must account for more than half of the new workforce generated by 2030. The gender disparity in India's labor force, attributable mostly to conservative societal norms and influenced by both demand-side and supply-side variables, remains the most enduring contradiction of recent decades. The state of diversity affairs in tech workforce: India’s digital advancement has been continuously fueled by the growing proportion of women in the tech workforce. However, compared to the predicted percentage of males in the industry which stands at 36.1 lakh, there are significantly fewer women (20.5 lakh), as of 2024. This is primarily due to the multiple challenges women encounter, including low educational enrolment among young women, lack of quality opportunities, the gender pay gap, safety concerns, societal norms, discriminatory workplace practices, a lack of upskilling/reskilling as well as returning to work policies, etc. A continual increase in the number of women joining or re-entering the tech workforce must become a reality, and increased involvement by women can only be genuinely realized as and when the aforementioned obstacles are addressed. Breaking barriers: Cracking tech roles in non-tech industries Speaking of facilitating greater female participation in tech, there are expected to be several reforms, including return-to-work programs, efforts to close the pay gap, the implementation of well-structured role models for STEM professionals, and the establishment of open pathways for equal opportunity, actively implemented by organizations. Further, the report offers a glimpse of the scenario of the tech women workforce in non-tech sectors. According to the report’s findings, on average, more than 40% of women would be hired for both non-tech and tech-related positions in the BFSI, Manufacturing, Consumer, and Retail sectors by FY 2025. The average number of women in tech positions in non-tech companies is projected to rise by 9%. According to city-specific statistics, the percentage of women joining the workforce from tier-1 cities (55%) outnumbers that of tier-2 cities. Female hiring is projected to center in Maharashtra, Tamil Nadu, and Gujarat in the coming months, with talent being hired in locations such as Chennai, Pune, Nasik, Coimbatore, Kochi, Aurangabad, and Vadodara. Currently, in the manufacturing segment, Tamil Nadu accounts for 43% of the total employed female workforce. A hierarchy of inequality: Additionally, the Women at the Heart of India’s Digital Evolution report revealed the comparison of gender representation across all hierarchical levels for men and women. It was found that the fresher level had the highest concentration of women, standing at 34%. However, this percentage gradually declines as the hierarchy rises, with 26% of women in the junior level (3-5 years’ experience), 18% in the mid-senior level (5-15 years’ experience), 11% in leadership roles (15-20 years’ experience), and a mere 8% in the C-suite/boardroom level. The decline in women in leadership positions is ascribed to a lack of opportunities, support for women with caregiving responsibilities, and fewer mentors and role models. Fostering diversity in GCCs: TeamLease Digital’s report also delves into Women's Employment in Global Capability Centers (GCCs) and reveals significant insights into the landscape. In India, the GCC model is now gradually evolving from executive-driven to ownership-driven, with employees across designations taking on full responsibility for several business functions. The report highlights an anticipated surge in the women workforce as the industry witnesses a continued focus on Diversity, Equity and Inclusion. Currently, women constitute 35% of the GCC workforce, with a predominant 81% in IT roles, 16% in Operations, 2% in Marketing, and approximately 1% in Finance. The report forecasts a notable rise in the tech women workforce in GCCs, expected to escalate from the current 25% to 35% by 2027. Upon examining the job roles that women have been forecast to be highly sought after in the future, the report presents a number of intriguing findings. Tech roles such as Quantum Computing Scientist, Blockchain Developer, AI Ethics Officer, AI Researcher, Cybersecurity Analyst, 5G Technology Specialist, Sustainability in Tech Expert, Smart City Technology Planner, and Edge Computing Specialist will be sought after in the coming years. The report, which is also solution-oriented, contains details on how women’s participation in the workforce can be boosted. Promoting STEM education for girls, implementing gender-sensitive hiring practices, creating inclusive workplace cultures, encouraging mentorship and networking, addressing the wage gap, enhancing legal and policy frameworks, and establishing accountability mechanisms are some of the proposed recommendations to increase women’s participation in the workforce. Neeti Sharma, Chief Executive Officer of TeamLease Digital said, “Our comprehensive report delves deep into the present scenario of women in the professional realm. With only 0.5% of the total female workforce engaged in tech roles in non-tech sectors, there is a pressing need to amplify female participation in this domain. Having said that, the tech sector is increasingly prioritizing the employment of women and India’s women’s STEM participation stands at 43% globally which is the highest in the world. This would further grow this year on the basis of the sustained efforts of the government and women-centric programs enabling increased participation of women in tech, inclusive maternity and childcare support. Empowering women in the tech sector not only enriches the industry with unique perspectives, talents, and experiences but also drives innovation through diversity.” “As more women join the workforce, it is crucial to nurture them by providing ample opportunities for upskilling and advancement. Our report highlights the transformative potential of women in driving India's digital future, and the urgent need to prioritize inclusivity, address systemic barriers and implement targeted interventions to increase women participation further. While the overall annual growth of women employed in the tech sector is projected to be 5.5% over the next 5 years, more concerted efforts are required from companies, policymakers and governmental initiatives to pave the way for a more equitable and encouraging future of women in India's digital journey,” added Munira Loliwala, AVP of Strategy and Growth at TeamLease Digital. About TeamLease Digital TeamLease Digital, a subsidiary of TeamLease Services Limited has emerged as one of the largest Tech Staffing & Solutions providers in the country. It has hired 80,000+ professionals since its inception with 10,000+ consultants currently deployed with 200+clients including some of the largest Fortune 500 customers and has 7,000+ open jobs every day. With the purpose of ‘Putting India to Work’, we are committed to being part of the amazing growth story of our country. TeamLease Digital has been creating business impact for its clients by matching their needs with top-quality resources available in the market in a quick and cost-efficient way. With one of the best professional hiring engines in the staffing industry and a leadership team comprising industry veterans, sturdy finances, and a pan-India presence, TeamLease Digital has become the preferred partner and leader in the industry. To download the report, click here: DOWNLOAD NOW