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Tag: TeamLease EdTech

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72% of Employers to Hire Freshers in H2 2024, Says TeamLease EdTech COR Report

Sep 2, 2024 by Sujata 0 Comments #Freshers in H2 2024, #TeamLease EdTech

Mumbai, 2 September 2024: The recently released ‘Career Outlook Report HY2 (July – December 2024) by TeamLease EdTeach revealed that 72% of employers intend to hire freshers in the coming months. The report, based on a survey of over 603 companies across India, indicates a positive trend in the job market for new graduates.

The 72% hiring intent represents a 4% increase from the previous half-year and a 7% rise compared to the same period in 2023, suggesting a gradually improving employment landscape for fresh talent. “The increase in hiring intent for freshers is an encouraging sign. It reflects growing confidence among employers and presents valuable opportunities for fresh talent entering the workforce,” said Shantanu Rooj, Founder and CEO of TeamLease EdTech.

The report highlights that E-commerce & Technology Start-ups, Engineering & Infrastructure, and Retail are the top three industries showing intent to hire freshers, with 61%, 59%, and 54% of employers in these sectors planning to recruit, respectively. Geographically, Bangalore leads with 74% of employers intending to hire freshers, followed by Mumbai at 60% and Chennai at 54%.

In terms of job roles, Full Stack Developer, SEO Executive, Digital Sales Associate, and UI/UX Designer have emerged as the most in-demand positions for freshers. Employers are particularly seeking candidates with skills in Cybersecurity, Cloud Computing, Data Analytics, and Search Engine Optimization. The report also sheds light on the growing importance of industry-academia collaboration. 70% of employers suggest enhancing curriculum with experiential learning, while 62% advocate for industry-academia partnerships to better align academic training with industry needs. Additionally, degree apprenticeships continue to depict stable demand. Manufacturing leads with 25% of employers planning to hire degree apprentices, followed by Engineering & Infrastructure at 19%, and Construction & Real Estate at 11%. Among cities, Bangalore shows the highest intent to hire apprentices at 25%, followed by Chennai at 21% and Mumbai at 16%.

“Aligning educational programs with industry requirements is crucial,” added Shantanu. “The job market is evolving rapidly, with technology and digital skills taking center stage. We’re seeing a clear demand for roles that blend technical expertise with creative problem-solving. The real game-changer is the growing recognition of the need for stronger industry-academia partnerships. The steady demand for degree apprenticeships further underscores this shift towards practical, hands-on learning. It’s an exciting time for both freshers and employers as we bridge the gap between education and industry requirements”.

Jaideep Kewalramani, Head of Employability Business and COO, TeamLease Edtech, shared, “The 7% rise compared to the Jul-Dec, 2023 in fresher hiring intent, coupled with growing demand across diverse sectors, signals a robust job market recovery. For graduates, this means focusing on in-demand digital skills and embracing varied learning experiences can significantly boost their career prospects in this evolving landscape”.

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TeamLease EdTech and Worker Union Support partners to launch affordable educational programs for workers from the low & medium income group

May 3, 2022 by Rekha Nair 0 Comments #Dr Rajiv Kumar, #Ex-Chairman of Niti Ayog, #Founder & CEO of Worker Union Support, #Head of Employability Business & COO, #Mr. Jaideep Kewalramani, #Prasoon Sharma, #TeamLease EdTech

Mumbai, May 2022: This International Workers Day (Labour Day), TeamLease EdTech has announced their partnership with Workers Union Support (WUS), to launch affordable higher educational programs for workers from the low and medium income group and their dependents. A progressive step towards improving the employability of the demographic who often face financial constraints; the ’Padhai Bhi -Kamai Bhi’ initiative was launched today at 12pm at New Delhi, in the presence of Dr Rajiv Kumar, Ex-Chairman of Niti Ayog; Mr Ajai Garg, Senior Director – Ministry of Electronics and Informational Technology and Mr Nikhil Agarwal, CEO – IIT Kanpur (FIRST and AIIDE).

Through this partnership, TeamLease EdTech will be offering Apprenticeship Embedded Degree Programs which will enable students to get an undergraduate or master’s degree, while earning on the job and gathering industry experience. The programs are structured to also provide financial support to students, thus making higher education more accessible and affordable, while improving the overall employability of Indian youth.

“Barely one in five Indians in the labor force is skilled. For more than 20 years, TeamLease has been connecting job seekers with employers. Worker Union Support (WUS) is backed by a team empowering ‘Low-medium income (LMI) workers’ for the last 40 years. This association between TeamLease Edtech and WUS will provide workers with the opportunity to upgrade their education and their skills”, said Prasoon Sharma, Founder & CEO of Worker Union Support.

“This is a very important association for us in our mission of ‘Making India Employable’. With top-notch online education infrastructure and excellent student support, TeamLease Edtech is going to provide affordable education by some of the best universities in the country. This association would prove most valuable for the workers of the union and their dependents who can dream of a better future, without sacrificing the scope of higher education. Through this path-breaking partnership, we aim to create a self-sustainable model for the workers and their dependents to pursue higher education. Over 400 leading companies and 45 universities are a part of this network”, said, Mr. Jaideep Kewalramani, Head of Employability Business & COO, TeamLease EdTech.

Sharing his thoughts on the initiative, Dr Rajiv Kumar, Ex-Chairman of Niti Ayog, said, “This initiative is significant, and partnerships like these will help take things forward. You already have 400+ employers and more than 45 universities on this network, including workers and trainers. All of them coming together will create great energy! I recently found out that almost 83% of workers are unskilled and untrained, which is a huge number. Workers who are entering the workforce now are getting trained but workers who already exist in the system are not getting upskilled. Hence this is a tremendous and vital initiative, and I really want to congratulate you on addressing this gap. I want to take this opportunity to mention that everyone needs to pay equal attention to apprenticeship and education; otherwise, it will be very difficult to match the industry’s demand with a skilled workforce.”

Through these courses, students would have the option to choose from a total of 75 programs, both long-term and short-term. While long-term graduate and post-graduate courses will provide the opportunity to earn a stable income while studying, it will also create job opportunities for the students as they complete their education. Short-term courses on the other hand are designed to boost the employability quotient of the learners, making them more desirable for the employers. Students can benefit from courses that fall under soft skills, financial skills, leadership skills, marketing skills etc.