Media Release

  • Browse by :
  • |
  • |
H1 FY25 Employment Outlook: India Expects 6% Workforce Expansion

H1 FY25 Employment Outlook: India Expects 6% Workforce Expansion

  • 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

Growth in Consumer Durables & Electronics: TeamLease Report Highlights 57% Attrition

Growth in Consumer Durables & Electronics: TeamLease Report Highlights 57% Attrition

  • 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.

People Supply Chain Innovation: Interpreting the ROI in Apprenticeships

People Supply Chain Innovation: Interpreting the ROI in Apprenticeships

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.

Transforming Apprenticeships in India: TLDA & Genpact’s Joint Initiative

Transforming Apprenticeships in India: TLDA & Genpact’s Joint Initiative

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.

The high QSR non-compliance rate worries. Over 20% of companies don’t pay minimum wage, and 25% don’t offer more than weekly leave.

The high QSR non-compliance rate worries. Over 20% of companies don’t pay minimum wage, and 25% don’t offer more than weekly leave.

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.

Women’s IT workforce growth is 5.5% annually over the next three years, according to TeamLease Digital.

Women’s IT workforce growth is 5.5% annually over the next three years, according to TeamLease Digital.

17th, 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

Female Apprenticeship Enrolment Soars by 20X, Propelling Diversity Forward

Female Apprenticeship Enrolment Soars by 20X, Propelling Diversity Forward

 March 19 - 2024

TeamLease Degree Apprenticeship unveils data showcasing a significant increase in female apprenticeships across Manufacturing & Services sectors. This milestone marks a shift towards gender inclusivity. Our data sources reveal that over the past 5 years there has been a 20X increase in the enrolment of women apprentices within these sectors. This trend signifies a transformative journey towards empowering women & fostering gender diversity in the workforce. In addition to reflecting the growing momentum towards gender equality, the growth in female apprenticeship enrolment also signifies a paradigm shift in the roles women are undertaking. From traditional male-dominated manufacturing shop floor roles to Future of Work involving AI, ML, & Data sciences, women apprentices are being deployed to help productivity and foster a positive work culture. The vision of the GoI in making Nari Shakti an equal and integral part of India's development journey is evident in the NEP 2020 and National Skill Development Policy. Apprenticeships and other work-based learning programs have emerged as critical pathways for women's empowerment, aligning with these visionary policies. To further enhance participation & support women in their apprenticeship journeys, initiatives like increased seats exclusively for females, more female trainers, flexible training schedules, digital platforms for connecting skilled women with employers, and community outreach programs are being implemented. According to the data:

  • TeamLease Degree Apprenticeship has witnessed a 5X increase in demand for female apprentices in the Manufacturing sector, in the past 8-10 months.
  • Within the Services sector, women apprenticeship participation has surged by 33% Y-O-Y in the last two years, especially among GCC, BFSI, and Retail and logistics industries. It is expected that in the next three years, there’ll be a 70% year over year increase, indicating a growing recognition of the importance of gender diversity in fostering innovation and creativity.
AR Ramesh, CEO of TeamLease Degree Apprenticeship, emphasises the importance of enhancing female involvement in apprenticeships. He states that although women currently make up 21% of apprentices, there is ample opportunity for growth. Higher degree-embedded apprenticeship programs like Degree Apprenticeships can facilitate increased participation of women, particularly those from rural and socio-economic backgrounds. Organisations need to establish a talent pipeline for women through entry-level recruitment coupled with educational opportunities to address diversity, equity and inclusion (DE&I) objectives. “With the recent PLFS Report indicating that women participation reached an all-time high of 37% in 2022-23, the active participation of women in non-farm labour could boost India's economy by 9-10% annually", added Ramesh. Sumit Kumar, Chief Strategy Officer at TeamLease Degree Apprenticeship, notes a notable 5X surge in demand for female apprentices in the past 8-10 months, projecting that women's representation among apprentices will reach 40% by year-end. This surge reflects the industry's commitment to fostering inclusive work environments, driven by initiatives across emerging sectors like EV, Electronics, and Technology Products, as well as traditional sectors such as Auto, Auto Components, and Engineering. While gender-specific budget allocations are absent from many schemes, existing training programs include unique initiatives and incentives aimed at encouraging women's participation in the skill ecosystem. Additionally, the budget for women's training through the National Skill Training Institutes has substantially increased from approximately 64 crores in 2022–2023 to around 68 crores in 2023-24, indicating significant growth in skill development. “Notably about 70% of women under apprenticeships in manufacturing are from rural and semi-urban areas. The Government of India's Skill India Mission, including the Ministry of Skill Development and Entrepreneurship's Vocational Training Program for women, plays a pivotal role in facilitating this transition”, says Sumit. Dhriti Prasanna Mahanta, Vice President and Business Head of TeamLease Degree Apprenticeship, highlights the employment landscape for women in recent decades, with IT and Retail being significant employers, employing nearly 36% and 35% of female workers, respectively. Industries such as GCC, BFSI, and Retail & Logistics have witnessed a 33% year-on-year surge in women apprenticeship hiring and are expected to experience a 70% year-on-year increase in the next three years. Dhriti also added that, “Sectors like Tourism & Hospitality, Logistics, and Telecom are projected to face substantial skill gaps in the next three years - 24 million, 10 million and 5.3 million, respectively. Formalisation and skill development through higher education embedded work-based programs will be crucial in bridging this gap and meeting productivity expectations, considering the current unsustainable gender participation ratio.” 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.

FMCG companies should focus on increased hiring, retention, and productivity

FMCG companies should focus on increased hiring, retention, and productivity

 March 15-2024

  • Mumbai, Bangalore, Chennai, Delhi, and Hyderabad are the top cities experiencing growth in intent to hire
  • The top three functions experiencing significant hiring in the industry are sales, marketing, and information technology
Bengaluru, March 15, 2024: TeamLease Services (NSE:TEAMLEASE), India's leading staffing conglomerate revolutionizing employment, employability, and ease of doing business, has released a report on the country’s Fast-Moving Consumer Goods (FMCG) sector, unveiling a wealth of transformative insights poised to reshape the industry landscape. It identifies a significant gender disparity in the FMCG workforce, with male associates comprising over 90% of the outsourced workforce. The report, using internal data from the company’s Associates Database and secondary research, offers invaluable strategic guidance for stakeholders with hiring and attrition trends. The report delineates hiring, attrition, and productivity (HAP) as the three vectors to optimize their people supply chain. It enumerates proven strategies that can help organizations hire faster, curb attrition, and enhance productivity. Some of the recommendations include the exploration of fresher hiring, the implementation of psychometric assessments for better matching, along with investments in copay models for L&D that can help trainees fast-track their career growth. Mumbai, Bangalore, Chennai, Delhi, and Hyderabad are among the top five Indian cities that showcase a strong intent to hire in the FMCG sector. The report highlights a significant growth in new hiring for sales, marketing, and IT, along with office services, human resources, and blue-collar job roles. According to the report, metros have the highest attrition rates (27%), followed by Tier 1 and 2 cities (26%). People in Tier 3 and 4 cities have lower attrition rates than those in metros, which is a reflection of the relatively lower level of demand in rural markets. The report highlights that the average age of active associates is over 36 and that of the attrited ones is nearly 34. Indicating that younger employees tend to attrite more. Correspondingly, the tenures of active and attrited associates is 1.7 and 1.1 years respectively.  The report also categorizes attrition into two distinct types: 'regrettable' and 'non-regrettable'. Regrettable attrition, accounting for 21% of departures, involves employees whose exceptional performance resulted in incentive earnings that exceeded the company's average incentives. On the other hand, non-regrettable attrition, which represents 39% of the attrition rate, occurs in cases where employees do not earn any incentives. Teamlease Services also reports that the average CTC for current and attrited associates is the highest in southern India. Notably, while the gap between the salaries of active and attrited associates is negligible, the gap in incentives earned is significant. This indicates that incentives are much stronger predictor of attrition rather than salaries, as salaries seem quite inelastic. With India poised to become the third-largest economy and with significant government support, the FMCG industry is projected to reach substantial revenue milestones in the coming years. Government initiatives like FDI allowances and the PLI scheme are fueling industry growth and export potential. E-commerce expansion and direct-to-consumer models are paving the way for market penetration, particularly in rural areas. Adapting to evolving consumer preferences through continuous innovation and product diversification is crucial, as India's expanding middle-class and youthful demographic ensures sustained market expansion. In such a scenario, leveraging technology for operational efficiency, data-driven decision-making, and optimizing supply chains is crucial. Collaborating with traditional Kirana stores through enhanced digital connectivity opens doors for mutual growth and market expansion, highlights the report. Kirana stores, the backbone of our country’s retail sales, will continue to remain relevant in the foreseeable future. However, Modern Trade and E-commerce, especially Quick-commerce will make rapid strides as there’s a distinct change in consumer behaviour being seen. No longer are such platforms being used for impulse purchases alone, but for regular bulk purchases too. Kartik Narayan, CEO of Staffing, TeamLease Services Limited, said, "The report unveils critical insights into the evolving landscape of India's FMCG sector, offering stakeholders invaluable strategic guidance in navigating opportunities and challenges. From harnessing technology and innovation to addressing workforce dynamics, organizations must embrace agility and foresight to thrive in this dynamic market environment.” Balasubramanian A, Vice President & Business Head of TeamLease Services Limited, said, "With top cities like Mumbai, Bangalore, Chennai, Delhi, and Hyderabad experiencing significant growth in intent to hire, the FMCG sector is poised for robust workforce expansion and talent acquisition. This trend signals a positive outlook for industry players looking to capitalize on emerging opportunities and scale operations effectively.” He further added, "The gender disparity in the FMCG workforce, with male associates comprising over 90%, underscores the need for concerted efforts to promote gender diversity and inclusivity in the industry. Embracing diversity not only fosters innovation but also reflects a commitment to creating a more equitable workplace." As India's FMCG industry stands at a pivotal juncture, the findings of TeamLease Services's FMCG Report guide industry players towards sustainable growth, innovation, and success in the ever-evolving consumer goods market. In the FMCG sector, as per the report, effective data management is crucial. Companies have vast amounts of consumer data, which, when analyzed adeptly, can yield valuable insights to drive innovation and enhance customer engagement. Also, maintaining a positive brand image is important for global success, necessitating careful navigation of varying regulatory standards across different markets. Listing challenges, the report mentions that the industry also grapples with intensified competition in online retail, triggering price wars and escalating R&D costs for major players. Moreover, the sector faces the challenge of catering to a diverse demographic spectrum encompassing Gen X, millennials, and Gen Z, each with distinct preferences and priorities. The TeamLease Services report suggests embracing technology, innovation, and strategic collaborations while addressing regulatory complexities and consumer demands for sustained success in this dynamic market landscape. At the same time, organizations must prioritize hiring, minimizing attrition, and enhancing workforce productivity to capitalize on emerging opportunities and navigate market uncertainties effectively. About Teamlease Staffing: TeamLease Services is one of India’s leading people supply chain companies offering a range of solutions to 3500+ employers for their hiring, productivity and scale challenges. A Fortune India 500 company listed on the NSE & BSE, TeamLease has hired 20 lakhs+ people to date. One of India’s fastest-growing employers, TeamLease also operates India’s first NAAC Accredited Skill University and India’s fastest-growing PPP Degree Apprenticeship Program. The Company offers solutions to large, medium and small clients across the 3Es of Employment (over 2.8 lakh associates/trainees), Employability (over 5.5 lakh students) and Ease-of-doing Business (over 1000 employers). In FY2015, TeamLease rolled out DA (Degree Apprenticeship) to provide on-the-job training to apprentices.

India Inc still reluctant to integrate women into workforce; more than 72% of women feel gender bias still exists: TeamLease study

India Inc still reluctant to integrate women into workforce; more than 72% of women feel gender bias still exists: TeamLease study

 February 9, 2021

Gender equality initiatives at India Inc are from a compliance perspective rather than bridging the gap states TeamLease report. According to the report, more than 72% of women feel gender discrimination is still prevalent at workplace.

Apprenticeship to boost 25 % employment opportunities in Hyderabad in 2019

Apprenticeship to boost 25 % employment opportunities in Hyderabad in 2019

 January 2, 2019

Hyderabad, 2nd January, 2019: Apprenticeship programs are gaining traction in helping industries bridge the skill gap and stay ahead of changing employer’s demands.

The Stipends Commanded By Apprentices Are Higher Than Minimum Wages States Teamlease Report

The Stipends Commanded By Apprentices Are Higher Than Minimum Wages States Teamlease Report

 March 12, 2019

National, March 12th, 2019: The growing demand for skilled talent coupled with revisions in the apprenticeship act seems to be positively impacting the apprenticeship eco-system states TeamLease Skill University Stipend Primer Report

TeamLeaseflagship apprenticeship program, NETAPcompletestraining for 1.3lakhcandidates since its inception in 2014

TeamLeaseflagship apprenticeship program, NETAPcompletestraining for 1.3lakhcandidates since its inception in 2014

 January 16, 2018

National, 16th January 2018: National Employment through Apprenticeship Program [NETAP], a flagship apprenticeship program of TeamLease Skills University, has reached new milestones by cumulatively enrolling and training about 1.3 lakh candidates pan India.