PTI
The Net Apprenticeship Outlook (NAO) metric could see a 75 per cent jump in the second half of the fiscal year, as per a report.
According to the Teamlease Degree Apprenticeship’s 2023 Outlook Report, the NAO increased to 56 per cent and 66 per cent in the same period in the past two years, respectively.
It is now projected to rise 75 per cent in the October-March period. A Compound Annual Growth Rate (CAGR) of nearly 30 per cent showcases that organisations view apprenticeships as a talent development strategy that drives skill enhancement and workforce development, the report said.
TeamLease Degree Apprenticeship Vice President Dhriti Prasanna Mahanta told PTI that NAO metric for 2023, which is a key indicator of employer sentiment, has reached an all-time high.
