Apprentice Outlook Report (Jul-Dec 2022)

TeamLease Degree Apprenticeship has released the Apprentice Outlook Report for HY2 2022. The report covers the forecast for apprentice engagement based on employer sentiment.

Jul-Dec 2022 will register a Net Apprenticeship Outlook (NAO) of 69%, the steepest in the last two
years, indicating a steady increase in the intent for engaging apprentices.

There is also a considerable increase in the preference among companies for hiring degree
apprentices. NAO for degree apprentices increased from 10% in Jan-Jun 2022 to 53% in Jul-Dec
2022. Aerospace & Aviation, Agriculture & Agrochemicals, and Services including repair &
maintenance are the key sectors for degree apprentices.

Key Takeaways from our Apprenticeship Outlook Report

• A 13% increase in NAO from the previous HY (Jan-Jun 2022).
• About 77% of employers will increase their apprentice intake during this period.
• Real-time skill availability and business growth are key reasons for the increase in apprentice engagement.
• Electrical & Electronics records the highest NAO (92%) for the HY, followed by Aerospace & Aviation (88%) & Engineering & industrial (87%).
• There is also an increased preference for apprentice intake from the beauty & wellness and Travel & hospitality sectors.
• During this period, the NAO for small businesses is expected to grow by over 2X.
• HY2 2022 will also witness an increase in the intent to hire degree apprentices.
• The NAO for degree apprentices increased from 10% in Jan-Jun 2022 to 53% in Jul-Dec 2022.
• Data Analysis, IT, and Customer Relations are the top job profiles for degree apprentices.

Comprehensive insights on apprentice hiring by key sectors and cities, business size, apprentice category & function, and the preference for degree apprentices in Apprenticeship Outlook Report (Jul-Dec 2022).