National Employability through Apprenticeship Program [ NETAP ], India’s largest degree apprenticeship program from TeamLease Skills University, India’s first vocational skills university, has indicated that overall intake of apprentices across India Inc. has seen a significant surge amidst the COVID 19 pandemic.
In FY20-21 hiring has increased by 35%. In fact from April 2021 to now, hiring continues to spike by approximately 40%, especially across key sectors like healthcare & pharmaceuticals, ITeS, BFSI, e-Commerce amongst others. Not only this, even the average stipend pay-out per apprentice has improved by 18% over the years. NETAP has disbursed INR 2700 crores worth stipends since 2014.
The apprenticeship route has also enabled aspiring candidates to pave their way into formal employment. Today 95 per cent of the certified apprentices are in formal employment. 40 per cent of these apprentices are being absorbed by the same employers where the candidates had done their apprenticeships. “Not only this, a majority of these apprentices are now earning an average 45 per cent premium on their wages, as they have advanced their skill expertise through the apprenticeship route”, added Kumar.
“NETAP has been a pioneer on the front of taking apprenticeships to the masses. In fact, we were the first to roll out a degree apprenticeship program much before the recent education reforms were formulated. We have completed enrolments of close to 2.5 lakh apprentices since our inception and certified close to 1.25 lakh+ apprentices. However, we have not even touched the tip of the iceberg and there is still a lot of untapped potential on this front. India’s vision is to reach 10 million apprentices in the next 10 years and it is crucial that we scale up our efforts to achieve this goal”, added Mr Kumar.
Through NETAP, even the services sectors such as BFSI (Insurance, Fintech and NBFC), E-commerce, ITeS, Aviation and Agriculture, among others have now extensively leaned towards hiring apprentices. In fact overall apprentices hiring in these sectors has gone up by approximately 40 per cent over the last year. Incidentally the pandemic induced shutdowns have also pushed for increase in apprenticeship deployment in Tier II and Tier III locations.
Having started with a partnership with 20 employers in 2014, today NETAP is partnered with 500 employers across all sectors and caters to about 140 varied job roles. The program is deployed over 3500 locations across all states pan India and plans to expand to new pin codes in the next three years.