How Apprenticeships Can Transform Youths’ Talents And Skills?
The Uttar Pradesh Cabinet has approved the Chief Minister’s Apprenticeship Promotion Scheme (Higher Education) to include all graduates. The aim of the scheme is to provide employment opportunities to young people with diplomas and degrees by developing their skills.
The stipend for participants has also been increased to Rs 9,000 per month, with the state government reimbursing Rs 10,000 and the rest being provided by the central government and the entrepreneurs where the apprenticeships take place.
The government has allocated Rs 100 crore for the scheme. The Finance Minister explained that previously, only diploma holders could participate in apprenticeships, but now graduates from any course or stream can join.
The scheme is designed to provide the benefits of the National Apprenticeship Training Scheme (NATS) to diploma holders and graduates in all streams in Uttar Pradesh and to encourage private institutions. It is estimated that around 10 lakh students will benefit from the scheme.
Apprenticeship programs in India are gaining attention as a way to bridge the gap between knowledge and skills.
These programs provide hands-on training and valuable work experience to students, making them more employable.
Employers are starting to see the value in hiring apprentices and are willing to pay them higher wages. This shows that apprenticeships offer a high return on investment for businesses.
By 2030, there will be a shortage of skilled workers globally, with over 85 million jobs going unfilled. To address this talent crunch, organizations need to prioritize talent development and upskilling. Apprenticeships can help mitigate this issue by providing a pipeline of skilled workers.
The growing uptake of apprenticeships across industries in India is a positive sign. Employers are recognizing the benefits of engaging apprentices and are willing to invest in their training. Apprenticeships offer a cost-effective way for businesses to find and nurture talent.
Apprenticeships also offer opportunities for career growth. Apprentices can acquire the specific skills needed in an organization and transition to regular employment. This helps organizations rationalize the costs of hiring, training, and retention.
Hiring managers should view apprenticeships as a stepping stone to long-term engagement and provide career progression plans for apprentices.
Apprenticeships can bridge the skill deficit in India. Students often lack employability skills when they enter the job market, while employers struggle to find skilled workers.
Apprenticeships can enhance the employability of students and provide employers with a motivated workforce.
These programs also offer businesses the opportunity to design a skill strategy that meets their workforce needs.
Companies can train apprentices to develop the skills necessary for their business and invest in degree apprenticeship programs for long-term employees. Mentorship programs can also facilitate knowledge transfer from experienced employees to apprentices.