Chennai: IT/ITES companies have seen a 250 per cent annual increase in apprentice headcount, which helps them lower the cost of their workforce.
The spike in hiring in the IT/ITES industry has been steadily growing month-on-month as the industry prioritises apprenticeship engagement for its potential to lower the cost of its workforce, create a talented pool, and cultivate staff loyalty and retention.
According to Quess Corp, there has been over 250 per cent annual increase in apprentice headcount in the IT/ITES space. Moreover, about 79 per cent of employers in IT/ITES industries foresee an increase in apprentice intake in the coming months.
Duration of these apprenticeship programmes were 6 months to 1 year, depending on complexity of job. Organisations prefer one year duration while IT companies are comfortable with six months.
The IT industry prioritised apprenticeship engagement for its potential to lower the cost of its workforce, create a talented pool, and cultivate staff loyalty and retention.
BFSI and IT/ITES were the top industries employing apprentices in the past year.
Interestingly, 75 per cent of apprentices engaged in BFSI and IT sectors complete training and are considered for full-time employment.
“The IT space in India has seen a drop in headcount and fresher intake due to global tensions. However, apprentice hiring has picked up substantially in the past year,” Girija S, vice president, Quess Corp said.
