Introducing the Latest Apprenticeship Outlook Report!
Discover the most recent insights into the world of apprenticeships, covering the prevailing trends from April to September 2023 and offering a sneak peek into the forecast for the next HY (from October 2023 to March 2024).
Exciting News: The Net Apprenticeship Outlook (NAO) has surged by an impressive 9% since the previous quarter (Jan-Mar), signaling a robust surge in business interest & commitment to engaging with apprentices.
Key Highlights from the Report
Net Apprenticeship Outlook (NAO) for Oct-Mar stands at an impressive 75%, representing a remarkable 9% upturn from the previous quarter.
Among the 24 industries analyzed, 17 have exhibited a noticeable increase in their intent to hire apprentices.
Businesses view degree apprenticeships as a valuable solution for bridging the skill gap through industry-academia collaboration.
41% of employers think that apprenticeship-linked degree programs can successfully address over 30% of the skills gap in the Oct-Mar 2023-24 period.
The top three industries for apprentice hiring, as per NAO, are Engineering & Industrial, Electrical & Electronics, and Telecommunication.
Employers are primarily engaging with apprentices for real-time skill acquisition, as part of their Corporate Social Responsibility (CSR) initiatives, and to fuel their business growth.
The top three cities for apprentice hiring are Bengaluru, Delhi, and Hyderabad, offering exciting opportunities for aspiring apprentices.
The top three job roles for apprentices include Production Engineer, Data Analyst, and Technical Service Engineer.
Around 45% of employers show no gender preference when hiring apprentices, promoting equal opportunities for all.
For comprehensive insights about job roles by industries, key industries offering apprenticeship opportunities in various cities - Download the report today!
