A comprehensive employers’ guide to hiring apprentices

Practically everyone knows about apprenticeships. However, over the past decade, employers and budding employees have realized the value of apprenticeships. This is due to various reforms provided by the government to make it simpler and more profitable for employers. Other factors that contribute to the enthusiasm include

Inspiration from success stories,
Fear of missing out (FOMO),
Legal notices that have ensured safety of apprentice rights
Higher pay scale coupled with opportunity
What is the scope of apprenticeship in India?
Taking an apprenticeship has both short and long-term advantages. Nevertheless, despite being aware of the system, many employers are still unaware of its benefits and have shied away. Let's look at a few statistics that should motivate firms to support apprenticeships.

The NSDC has selected several TPAs during the past 5–6 years to assist companies in the end-to-end implementation of apprenticeships.
In order to boost the MSME sector, a subsidy is given to organisations to prevent them from going through financial difficulty. It is also offered to large corporations as an incentive to participate in hiring more apprentices.
Keeping the Apprenticeship Rules of 2015 in mind, the 2014 amendment has been decriminalised. This allows employers with a minimum of 4 employees to hire apprentices.
Businesses that operate multiple shifts have the freedom to hire apprentices who are at least 18 years old for odd-hour hours with the authority's consent.
In accordance with the New Education Policy, the employer can work with academic institutions to design a degree apprenticeship that is specifically tailored to the needs of industry-relevant job roles. This will help to address the skills gap in the sector and establish a reliable supply chain for apprenticeship engagement.