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In keeping with Teamlease Abilities College, India has a 500-million-plus workforce however productiveness stays a key problem as 56% of them will not be expert sufficient to satisfy the calls for of the market. In its examine ‘ROI on Apprenticeships’, launched final week, it has been discovered that apprentices have greater productiveness than folks recruited from different channels and apprenticeships provide a 19% discount in hiring prices.
The examine reveals that near 60% of employers discover that apprenticeships enhance productiveness and 76% really feel it helps them handle attrition. It additionally reveals a rise of twenty-two% in productiveness positive aspects from apprenticeships (a 5% enhance from 16% final yr).
Key findings:
—61% of employers surveyed see there’s web optimistic worth in apprenticeship
—53% of employers ranked long-term efficiency and decreased value of recruitment as their high two advantages
—Practically 50% of employers see long-term positive aspects, together with higher efficiency and/or greater retention
—60% of employers opined that their productiveness improved
—76% of employers polled that apprenticeships scale back attrition by constructing a bond of loyalty between firm and worker
—63% of employers consider that apprenticeships improved their total efficiency and offered a aggressive benefit over different companies.
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