Net Apprenticeship Outlook NAO metric to jump 75% in H2 of fiscal year

The Net Apprenticeship Outlook (NAO) metric is expected to increase by 75% in the second half of the fiscal year, according to a report by Teamlease Degree Apprenticeships. The NAO metric, which measures employer sentiment towards apprenticeships, has increased by 56% and 66% in the same period over the past two years. This indicates that organizations are increasingly viewing apprenticeships as a valuable talent development strategy that drives skill enhancement and workforce development.

Growth of Apprenticeships

The report also found that the total number of apprentices employed over the last five years has increased by 30%. This growth is expected to continue, with the retail, BFSI, and logistics industries predicted to reach 67% growth in the next three years.

Key Cities for Apprenticeships

The report also identified key cities that are leading the charge for skill development and career growth through apprenticeships. These cities include Bengaluru, Delhi, and Hyderabad.

Preferred Strategies for Engaging Apprentices

The report found that structured training programs (53%) and regular mentoring and coaching (41%) are the preferred strategies for engaging apprentices. This indicates that employers are looking for apprenticeships that provide a comprehensive and supportive learning experience.

The growth of apprenticeships in India is a positive sign for the country's workforce. Apprenticeships provide a valuable pathway for individuals to gain the skills and experience they need to succeed in their careers. By continuing to invest in apprenticeships, India can build a more skilled and competitive workforce.