India Inc.’s leading retail brands partner with TeamLease Degree Apprenticeship to improve the employability of their workforce, with 6500 apprentices undergoing training Infiniti Retail Limited (Croma), Metro Brands, Pepe Jeans India, and Ferns & Petals on board TeamLease Degree Apprenticeship (TLDA) for training their workforce
India’s fastest growing degree apprenticeship program, TeamLease Degree Apprenticeship (formerly known as NETAP), from the house of TeamLease Services, today announced their partnership with Infiniti Retail Limited (Croma), Metro Brands, Ferns & Petals and Pepe Jeans India to up-skill their apprentice workforce through TLDA’s Degree Apprenticeship Program.
Through these partnerships, TLDA will train 6,500 apprentices with domain competencies and behavioral skill sets to prepare them for future job roles.
“Apprenticeships have become a lucrative solution to the skilling conundrum in India. As India becomes the fifth largest economy, it is crucial to driving sustainable economic growth, of which job creation is an integral part. Creating a robust pipeline of skilled workers is the need of the hour to drive this goal, especially for the retail sector, which contributes to about 10% of the GDP and is expected to reach $2 tn by 2032. Our partnership with prestigious organizations like Metro Brands, Ferns & Petals, Infiniti Retail Limited, and Pepe Jeans is a step forward in improving employability in the retail sector through degree apprenticeships”.
Dhriti Prasanna Mahanta, Business Head, TeamLease Degree Apprenticeship commented on this initiative, said
The Degree Apprenticeship program has been curated in accordance with guidelines of the New Education Policy and will provide candidates with combination of academic and work-based learning.
Under this program, TeamLease will offer degree-linked apprentice programs that will empower students to build new skills and receive additional credits while they earn a stipend. This program is a bedrock that will foster talent in the retail industry.
“We are delighted to associate with Teamlease Degree Apprenticeship (TLDA) and their partnered Universities, to bring in industry-academia partnership for degree-linked apprenticeship programs. We are certain that the partnership will play a vital role in fostering talent for the retail industry and, more specifically, in giving candidates a chance to enhance their skills.”
Sharing his views, Mr. Joe Chacko, CHRO, Croma, Infiniti Retail Limited, said, “
There is a need for partnership between the employer, organization, and TeamLease to introduce a three-year degree apprenticeship.”
Echoing similar views, Ms. Nandini Mehta, CHRO, Metro Brands Ltd, said, “
The three-year BBA Retail embedded apprenticeship is open to 12th graduates and Diploma pass out students. The partnership aims to create skilled entry-level talent and address retention issues faced by organizations in the sector.
“10-20% of the new hire end up leaving because of further education. So if they get a model where they can get a degree while continuing their job is a winning situation.”
Addressing the retention gap, Gautam Saraf, CHRO, Ferns & Petals, said
“We are thrilled to partner with Teamlease Degree Apprenticeship (TLDA) and their partnered Universities, to deliver the industry-academia partnership for degree-connected apprenticeship programs. We are positive that this partnership will play an important function in fostering retail industry expertise and allowing applicants to showcase their talent.”
Dr.Sanjeev Kumar Chauhan, Director HR, Pepe Jeans India, added,
