Genpact, in partnership with TeamLease Degree Apprenticeship is launching a major initiative to accelerate apprenticeship adoption in India. The global professional services firm operating in over 30 countries will hire 5000+ Graduate Apprentices through the Ministry of Education’s program.
Apprenticeships are crucial for building a skilled workforce to meet the evolving needs of the IT & BPM industry. With an estimated industry skill gap of 3.85 million by 2027, it is essential to build a consistent supply of skilled talent.
Genpact's commitment to apprenticeships not only shapes its growth strategy but also enhances the productivity of India's young labour force and establishes a sustainable talent pipeline.
Over the past 5 years, Genpact has trained over 17,000 apprentices in partnership with TeamLease Degree Apprenticeship, with 95% successfully absorbed into its workforce post-program completion.
The 12-month Graduate Apprenticeship Program offers both work experience and formal education, focusing on soft skill development such as communication and leadership.
TeamLease Degree Apprenticeship will collaborate with academic institutions and industry leaders to design course modules and enhance apprenticeship assessments, ensuring close monitoring of progress and seamless skill development.
Such programs are the key to address talent shortages, bridge industry demand-supply gaps, and demonstrate a commitment to workforce development, and empowering individuals with valuable skills.
Ritu Bhatia, Genpact's Global Hiring Leader, emphasizes that their program goes beyond addressing immediate skill gaps. It is aimed at cultivating a talent pipeline geared for long-term professional advancement. Ritu also said that by giving equal importance to soft skills and technical proficiency, they ensure graduates are not just job-ready but equipped for enduring success.
"Apprentices have the opportunity to specialize in areas aligned with their interests and career goals, fostering personalized growth paths. This emphasis on specialization highlights our dedication to nurturing a future-ready workforce, skilled in specific domains, thus bridging the gap between talent acquisition and organizational excellence," Ritu added.
Our Vice President and Business Head, Dhriti Prasanna Mahanta said that apprenticeships have emerged as indispensable talent supply chain interventions across various industries, specifically in the last 4-5 years.
“We are committed to bridging the skill gap through our organized apprenticeship programs that provide aspiring professionals with practical, hands-on training and supervision, ensuring they flourish in a tough environment and build successful careers”, said Dhriti
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