The Indian aviation sector is poised for unprecedented growth. By 2030, it is projected to surpass both China and the US in the air passenger market, reflecting a remarkable expansion trajectory. Over the past decade, the number of operational airports in India has doubled, and with plans to introduce a minimum of 1,100 new aircraft, the industry is gearing up for substantial developments.
However, amidst this growth, one of the sector's most pressing challenges remains the scarcity of skilled workforce. Currently facing a skills gap of about 17%, this shortfall is expected to escalate to 25% by the end of the fiscal year. Both technical and non-technical roles are affected, posing a critical threat to the industry's sustained progress.
Apprenticeships in the Aviation Sector
To tackle these challenges effectively, the aviation industry is turning to work-based learning solutions, prominently apprenticeships. These programs offer a structured pathway to bridge the skills gap by providing hands-on training and industry-specific education.
Statistics reveal that only one in four management professionals, one in five engineers, and one in ten graduates are job-ready, the imperative for enhancing skill development cannot be overstated.
Work-based learning programs, like apprenticeships, can be the pivotal solution to this issue
Employer Benefits of Apprenticeships
Apprenticeships in the aviation sector provide a multitude of benefits to employers:
Cost Efficiency: Apprenticeships significantly reduce recruitment and training costs, yielding a 50% reduction in expenses within 12-24 months.
Talent Pipeline: These programs cultivate a continuous stream of proficient resources, vital for sustained growth and operational success.
Skill Enhancement: Addressing specific industry needs, apprenticeships equip the workforce with targeted skills that mitigate skill shortages.
Retention and Loyalty: By nurturing skilled talent from within, employers foster loyalty and reduce turnover, resulting in a more stable and committed team. Studies indicate that effective apprenticeship programs can elevate employee retention by 10% to 25% in just two years.
ROI Maximization: Harnessing productivity gains and cost efficiencies, employers witness substantial returns on their investment, often achieving a threefold increase within two years.
Industry Adoption and Outlook
The aviation sector is witnessing a notable shift towards embracing apprenticeships. According to our recent report, about 90% of employers within aerospace and aviation are intensifying their engagement with apprenticeship programs. This trend positions the industry among the top 3 manufacturing sectors committed to enhancing workforce skills through apprenticeships.
Interested to learn more about the benefits of adopting apprenticeships in the aviation sector? Talk to us
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