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In the rapidly evolving job market landscape, businesses are grappling with significant hiring challenges in India. Innovative solutions are emerging to address these issues, paving the way for a more adaptable and skilled workforce.

Speaking to Business Today about this, our Chief Executive Officer Ramesh Alluri Reddy said that today, new approaches like the contingent workforce or the gig economy are becoming extremely popular. Additionally, there's innovation in hiring practices, particularly through the use of apprenticeships.

The core of the problem lies in the gap between traditional hiring methods and the evolving needs of the industry. Ramesh also pointed out that it is crucial for all companies to embrace these new methods of hiring and not just rely on traditional full-time employment. This shift is essential as people are increasingly open to utilizing these new avenues to secure jobs.

Retention, another critical aspect of workforce management, is also undergoing transformation. With the growing GDP and the myriad job opportunities in India, motivating employees goes beyond monetary incentives.

Ramesh also noted that reskilling and upskilling are becoming important to retain employees because of the changes in the skills required. Hence, learning is embedded in any program as part of the job.

In our degree apprenticeship model, for instance, we provide learning opportunities and qualifications, such as degrees or diplomas, as part of the apprenticeship program. This integration ensures that employees continue to develop their skills, aligning with the dynamic needs of the industry.

While traditional incentives such as bonuses, rewards, and recognition are popular, the new hiring methods are driving a significant change in the HR landscape. Companies must recognize the importance of adapting to these changes to stay competitive and attract top talent. By embracing innovative hiring practices and focusing on continuous learning and development, businesses can overcome the hiring challenges in India and build a robust, future-ready workforce.

The combination of innovative hiring methods and a strong emphasis on reskilling and upskilling is the key to addressing the hiring challenges faced by Indian businesses today. This strategic approach will not only enhance employability but also ensure long-term employee retention and satisfaction.

Our degree apprenticeship programs bring in the best of education both from theory and from a vocational perspective. This is extremely important for the youth of India to become employable.

To know more about our degree embedded apprenticeship programs? Contact us

This blog is an excerpt from our CEO’s interview with Business Today. You can watch the full interview here