The spike in hiring within the IT/ITES trade has been steadily rising month-on-month because the trade prioritises apprenticeship engagement for its potential to decrease the price of its workforce, create a proficient pool, and domesticate employees loyalty and retention, a brand new report mentioned.
Business options supplier Quess Corp revealed its ‘Apprentice Skill Trends Report’, providing insights into apprentice hiring developments by Indian IT employers.
According to the report, there was a 250%+ annual improve in apprentice headcount within the IT/ITES house. Moreover, about 79% of employers in IT/ITES industries foresee a rise in apprentice consumption within the coming months.
Salary developments for apprentices
Currently, greater than 9 lakh youth who’re apprentices are within the age group of 23-26 years. As per the Quess report, employers within the IT/ITES sector are more likely to pay between Rs 11,000- Rs 75,000 to apprentices between the ages 20-24 years. However, the stipend pay for different sectors differs relying on instructional {qualifications}.
The report revealed that BFSI and IT/ITES have been the highest industries using apprentices up to now 12 months, contemplating the excessive return on funding (ROI) amidst ongoing uncertainties and international turmoil. Interestingly, 75% of apprentices engaged in BFSI and IT sectors full coaching and are thought of for full-time employment, rating a lot greater when in comparison with different industries.
Top IT-apprentice roles
Within the trade, key roles that stand out with most demand from recruiters embody IT Support, BPO Executive, Voice/Data Entry Operator, and Associate CRM. Roles comparable to Embedded methods engineer/ Design Engineer are additionally excessive in demand, together with DevOps Engineer, Data Engineer, and Blockchain Developers.
Android/IOS Developers, AR VR Technicians, Cybersecurity Engineers, and Unity 3D Developers are a number of further roles which have seen important traction from recruiters in 2023.
In the BFSI house, roles comparable to microfinance, credit score procurement, debt restoration, and again-workplace executives are in excessive demand.
Girija S, Vice President, Quess Corp mentioned, “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 across the IT segment, with newer roles emerging that did not perhaps exist a year ago. This is a trend observed across both metro and Tier-2 cities, which is encouraging to see. Apprentice hiring in BFSI is also flourishing with the expansion of NBFCs. However, the scope for apprentice skilling and job creation in IT/BFSI sectors is unprecedented, and we expect the creation of approximately 5 million jobs by 2025.”
Coimbatore, Hyderabad and Pune emerge as key cities hiring apprentices
In 2023, cities that paved the way in which for apprentice hiring embody Coimbatore, Hyderabad, and Pune. It may be very encouraging to see an increase in apprenticeship adoption throughout Coimbatore, being a tier-2 metropolis.
Other metros comparable to Bengaluru, Chennai, Delhi NCR, Mumbai, and Ahmedabad noticed a substantial spike in apprentice hiring. In phrases of states, Gujarat, Maharashtra, Haryana, Uttar Pradesh, Tamil Nadu, Karnataka, and Telangana prime the apprenticeship engagement chart. On the opposite hand, cities comparable to Lucknow, Chandigarh, and Kolkata noticed the least traction when it got here to apprentice hiring.
Gender preferences in apprenticeship hiring
In the present panorama of apprentice hiring, registration of ladies candidates has seen practically a seven-fold improve within the final 5 years, from 22,427 in 2018-19 to 1.48 lakh in FY 2022-23.
According to the Quess report, over half (51%) of employers don’t have any gender preferences in terms of apprentice hiring on an general foundation. However, employer choice of male vis-à-vis feminine candidates was skewed in 2023 (33% & 15% respectively) in comparison with the earlier 12 months (29% and 20% respectively).
City developments point out that in Kochi, employers choose females (30%) greater than males (26%). However, male candidates are most popular most in Kolkata (44%) and Lucknow (39%).
Interestingly, 63% of the employers in Mumbai, 59% in Nagpur, and 56% Hyderabad don’t have any particular gender choice in apprentice engagement.
Methodology
This report relies on Quess Corp’s operations knowledge, which maps demand and provide within the expertise ecosystem for apprentice hiring. This report focuses on developments noticed within the 12 months 2023.
