Yahoo! Hack India: Hyderabad Hack Day on July 13 – 14

Yahoo! Hack Day in India has been a cherished tradition for Yahoo! Developer Network since 2007. We have hosted some of our largest hackathons in India and have been humbled by the overwhelming demand (last year, more than 4,000 applied) from top developers to participate year after year. During our past hackathons, we have heard stories of developers traveling from several different states around the country to hack with us. We know that India has a number of fast growing tech hubs with brilliant developers in addition to Bangalore. So this year, we are thrilled to expand our hackathons to a new location with the first ever Yahoo! Hack India in Hyderabad on July 13-14! Later this year, Yahoo! Hack India will return to Bangalore to reunite with our old hacker friends, and we will continue to take our hackathons to other Indian tech hubs.

We are anticipating a huge response from developers in Hyderabad for a limited number of seats, so we will have a coding challenge in advance of the event to finalize our invitation list. You can apply here to register for this pre-event challenge. You have the choice to take the challenge either the evening of Wednesday, June 19 or during the day on Saturday, June 22nd, IST.

Please watch the YDN blog in the coming weeks for the previews of fun to come at our debut in Hyderabad. In addition to the amazing food, drinks, snacks and caffeine that Yahoo! hack events are known for, we will bring you a variety of awesome tech speakers and entertainment as a part of our two-day program. We promise this will be an event Hyderabad won’t soon forget!

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Google, Infosys using internships to hire talent

Organisations like Google, Infosys and Coca Cola are increasingly looking at internship as a key HR strategy that enables them to recruit A-grade performers based on how individuals fare in an actual workplace scenario, experts say.

A good internship programme helps an organisation build a solid talent pipeline, also known as 'bench strength'. They recruit people from the campuses for internship programmes and based on their performance and inclination, induct them for full-time roles in the company.

Leading executive search organisation, GlobalHunt, MD Sunil Goel said: "Any specific skills and the functional knowledge is restricted in total number and the only way to grow the skill sets and domain expertise is through internship programme."

Companies nowadays look at internship programme as a talent management and talent acquisition strategy and convert that talent pool to pipeline of growth. Internship programme plays a very active role in creating that pool for companies.

Commenting on the trend, a Google India spokesperson said: "It is undisputed that a good internship programme helps attract A-Grade talent, it also helps an employer evaluate how an individual would fare in the actual workplace scenario."

Google India has BOLD (Building Opportunities for Leadership Development) Engineering Internships for summer 2013.

These internship programmes are also designed to bridge the gap between academic study and the profession. It also doubles up as an important platform in corporate hiring and talent acquisition for us, Google India said.

"Investing in Googlers drives business outcomes that we care about: innovation, retention. And we know that happier employees are more productive, and more likely to stay at Google," the spokesperson said.

IT major Infosys has a global internship programme -- InStep for undergraduate, graduate and PhD students from leading academic institutions around the world.

Interns across 35 different nationalities are given a chance to work on high impact assignments ranging from live technology projects and cutting-edge research to business solutions from Infosys offices in India.

Source : TOI

Google: Students should take up jobs based on interests

Students should pursue jobs as per their interests and set a goal for their lives, a senior official at search engine giant Google said.

Speaking to students of Rajasthan University, Google Slovakia Country Manager Rasto Kulich motivated and guided them to set and achieve their goals and gave tips on better learning.

Kulich emphasised on identifying one's interests, values and skills and asked them to pursue a career in the field of own interest.

"Interest is the most important thing when you choose you job. Besides, setting a goal and writing it on paper helps one becoming more committed towards the goal," he said.

He also asked students to not read very much in order to be able to implement what has been learnt from the books.

"Read enough, not very much. It is important to implement what you have learnt," he said, while laying emphasis on finding a mentor for learning much faster.

After giving a presentation, he also interacted with the students and gave them tips for success while guiding them for staying away from overnight success theory.

University's Vice Chancellor Madhukar Gupta, Ajmer Divisional Commissioner Kiran Soni Gupta and faculty members were present on the occasion.

Source : TOI

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Take admission, get back Rs 10,000

Hyderabad: Take admission and get Rs 10,000 back. This is among the several incentives being offered by engineering colleges to lure students eligible for state government’s fee reimbursement scheme ahead of Eamcet engineering counselling.

State government has been paying the fees of Rs 35,000 per annum for 90 per cent of students taking admissions through Eam-cet counselling in engineering colleges under the fee reimbursement scheme. Of this amount, managements are promising to return Rs 10,000 to each student if they take admission in their college. This amounts to gross misuse of the fee reimbursement scheme.

Besides merit scholarships, free laptops, free transportation, free hostel accommodation and familiarisation trips to universities abroad are some of the baits being used by colleges.
While there are 3.50 lakh B.Tech seats, only 2 lakh have qualified in Eamcet this year, which means that 1.5 lakh seats will go vacant after counselling. Meanwhile, around 50,000 of these qualified students will opt for IITs, NITs and top deemed universities.

Out of over 700 private engineering colleges in the state, 17 colleges claimed Rs 50,000 fees. Another 68 colleges claimed between Rs 50,200 and Rs 1,02,000, based on their financial statements. However, 578 colleges claimed fees of Rs 35,000 without submitting any financial statements. These colleges are known to be sub-standard and rely solely on the fee reimbursement scheme.

Though the AFRC is yet to finalise fees, these colleges are hopeful of securing Rs 35,000 fees again. Most colleges offering ‘cash back offer’ to students fall in this category. The issue came to light during the AFRC hearings to finalise fees.

Some managements sought to know if Rs 35,000 fees prescribed by it was meant for tuition fees or to give incentives. “This is really shocking. The scheme was devised to provide an opportunity for students from economically weaker sections. Government has been spending Rs 4,000 crore per year for the purpose. We cannot allow unscrupulous elements to misuse the scheme. We are gathering data of such errant colleges,” said Prof Jayaprakash Rao, chairman, AP State Council of Higher Education.

Source : DC

  What is keeping India's engineers unemployed

Somewhere between a fifth to a third of the million students graduating out of India's engineering colleges run the risk of being unemployed. Others will take jobs well below their technical qualifications in a market where there are few jobs for India's overflowing technical talent pool. Beset by a flood of institutes (offering a varying degree of education) and a shrinking market for their skills, India's engineers are struggling to subsist in an extremely challenging market.

According to multiple estimates, India trains around 1.5 million engineers, which is more than the US and China combined. However, two key industries hiring these engineers -- information technology and manufacturing -- are actually hiring fewer people than before.

For example, India's IT industry, a sponge for 50-75% of these engineers will hire 50,000 fewer people this year, according to Nasscom. Manufacturing, too, is facing a similar stasis, say HR consultants and skills evaluation firms.

According to data from AICTE, the regulator for technical education in India, there were 1,511 engineering colleges across India, graduating over 550,000 students back in 2006-07. Fuelled by fast growth, especially in the $110 billion outsourcing market, a raft of new colleges sprung up -- since then, the number of colleges and graduates have doubled.

Job problems...
Jobs have, however, failed to keep pace. "The entire ecosystem has been built around feeding the IT industry," says Kamal Karanth, managing director of Kelly Services, a global HR consultancy.

"But, the business model of IT companies has changed...customers are asking for more. The crisis is very real today." Placement numbers across institutes -- including tier-I colleges such as IIT Bombay -- have mirrored these struggles.

In 2012-13, in IIT Bombay, a total of 1,501 students opted to go through the placement process. At the time of writing, only 1,005 had been placed (placements are currently underway in the institute).

In 2011-12, 1,060 of the 1,389 students were placed. Further down the pecking order, at the Amity School of Engineering and Technology, placements are muted. The number of companies visiting is down from 86 last year to 67 in 2013 at the time of writing (placements are currently underway).

Batch sizes have reduced drastically at its Noida campus this year, with 365 students placed so far in a batch size of 459, compared to 1,032 being placed in a batch size of 1,160 last year.

"Some companies have delayed the joining dates of students who passed out last year and they are still waiting to be placed," says Ajay Rana, director, Amity Technical Placement Centre. "We can expect joining dates of students who passed out this year to be deferred by a minimum of six months."

...Trickle down
This muddled equation is now showing signs of social and economic strain across the country. Frustrated engineers are taking jobs for which they are overqualified and, therefore, underpaid.

A few exceptions have even turned to crime. According to media reports, Manjunath Reddy, a civil engineer, turned to chain snatching in Thane, a suburb of Mumbai, to support his young family. While he used some money to buy a small flat in peripheral Mumbai, his failure to net a job drove him to crime, he told the police when caught.

Like him, another engineer in Aurangabad turned to car lifting as a route to easy money. "The social aspect of this massive under-employment and unemployment will soon be witnessed," warns Pratik Kumar, HR chief of Wipro and chief executive of its infrastructure engineering unit.

Hiring is slowing down because recruiters are changing their strategy. "An engineering degree is a poor proxy for your education and employment skills," says Manish Sabharwal, chairman of TeamLease, a temp staffing firm.

"The world of work is evolving... employers increasingly don't care what you know, they focus on what you can do with that knowledge." While dozens of new institutes have been established in the past six or eight years, he claims that over a third of them are empty and perhaps they are "worth more dead (for the real estate they sit on) than alive."

A global economic slowdown may have only worsened what is already a bad problem, say others such as Amit Bansal, co-founder of Purple Leap, a skills assessment firm, which routinely gauges the capabilities of students across these institutes.

"Even without this slowdown, there are a large number of students who won't get a job," he says. Bansal estimates that, at best, there are 150,000-200,000 jobs generated annually in the Indian economy and far too many engineers attacking this labour pool.

What's more, India's technical talent pool is also warped, with almost the same number of engineers as technical graduates from institutes such as ITI. "In developed markets, there is usually one engineer for every ten," says Bansal. This skew is only compounding the woes of engineers in India.

Source: TOI

Campus recruitment show a decline this year

HYDERABAD: The global economic meltdown has resulted in a 10% drop in campus placements in city colleges this year. Though IT jobs have remained impressive with 80% of the total number of placements, but for those aspiring for jobs in sectors such as manufacturing, life science. journalism, psychology, advertising etc there was little to cheer about.

"Intakes have been low this year with many companies ruing poor business abroad. So far only 15 companies have visited the campus and nearly 150 students have been placed," said Seema Ghosh, placement coordinator at Bhavan's Vivekananda Degree College that has fared much better in the previous years. For instance, Wipro Technologies, which selected 70 students from the campus last year, restricted itself to 37 this time around.

While Facebook, usually among the biggest employers, has stayed away from campuses altogether, Deloitte has limited its recruitments to its IT wing. Unlike in the past, they have not signed anybody for its BPO and tax arms. "This time, companies are offering internships to students after which a selected few are being offered jobs. Around 30 students completed a four-month internship with Amazon, from which around 15 were shortlisted for further rounds," said Anju Prasad, placement officer at St Mary's College, Yousufguda.

At engineering colleges too, there is not much hope with companies cutting down on their placements. "Cognizant always selects the maximum number of students from our college. This year, though they are still the biggest recruiters, the number of students selected has gone down from 410 to 252," said N L N Reddy, placement coordinator at Chaitanya Bharathi Institute of Technology (CBIT). At Sreenidhi Institute of Science and Technology (SNIST) too, about 260 students have been picked up by Cognizant this year as against 360 last year. Similarly, Infosys recruited around 90 students this time around while last year the number was more than 160.

With most of the jobs being offered by IT and its related sectors, college officials lamented the lack of options for students from diverse streams. "There have been no offers for students who want to pursue careers in various other fields," said Marie Thomas, placement officer at St Francis College Begumpet, "Most of the IT jobs are taken up by students of B Com, BMS and B Sc," she added.

Seconding it, N L N Reddy said that the lack of offers from sectors such as manufacturing or even electronics had left students from these streams with no choice but to take up IT jobs.

Premier institutes like IIT, Hyderabad and BITS, Pilani Hyderabad campus, however, seemed to be insulated from this 'poor show'. According to officials of these colleges, the recruitment season has been satisfactory with big names like Morgan Stanley, Samsung, Mercedes Benz, Ashok Leyland, Nvidia, Honda and Cisco conducting recruitment drives at these campuses. At IIT Hyderabad, around 45 companies have made an appearance so far and more than 100 students have been placed. The BITS campus on the other hand has been visited by around 65 companies and 90% of the batch has already been placed.

Source : TOI

 

30 software companies break away from Nasscom

Thirty Indian software product companies have come together to form a new association, marking the first break from the omnibus IT industry body Nasscom and reflecting the growing confidence and maturity of the software product community. The thirty founding members, led by Bharat Goenka, co-founder of Tally Solutions, Sharad Sharma, former head of Yahoo India R&D, startup mentor and founder of Brand Sigma, Naveen Tewari, founder of InMobi, and Vishnu Dusad, founder of Nucleus Software, will have their first meeting in Bangalore on Monday to formalize the association and develop action plans.

The association, called the Indian Software Product Industry Round Table, or iSpirt, has been formed with the vision that India now has the basic building blocks to develop a powerful software product industry that can help transform India, as also deliver invaluable solutions to the rest of the world. All of the founding members individually have strong customer bases in India or around the world. The objective now is to share expertise and experiences, and create a larger awareness in society and government about the critical role the industry can play — something they believe they cannot effectively do under the larger Nasscom umbrella.

"A few good software services companies may be good enough to serve the top 500 hospitals in India. But if you want to address 5,00,000 or more hospitals around the country, you cannot do it without software products," says Goenka, who many regard as the father of the Indian software product industry and whose Tally accounting solution is used by virtually every small business in the country, an accomplishment that earned him Nasscom's first and till now the only Lifetime Achievement Award.

The problem of scalability arises in software services because of its total dependence on people to implement solutions. This is the kind of work the Indian software industry, including companies like TCS, Infosys and Wipro, have traditionally done. Software products, on the contrary, can be bought off the shelf and customers can implement many of these on their own. The best examples of these are Microsoft's Windows and Office.

Naveen Tewari, whose mobile ad network is used by over 250 of the Fortune 1000 companies and is second only to Google's AdMob, notes that all IT solutions in education today are directed at the likes of the IITs and IIMs. "You need education products to reach out to the mass of educational institutions. India today has extremely smart people who can develop such products. The market outside India is also huge. There are three-four billion people living in countries similar to India who can be serviced by Indian product companies," he says. Every town in India is seen to have one or two people who have developed some software product that they are selling among a small customer base. One study the association did found that there were at least 17 software products developed for jewellery in India, but the developers had an average of no more than 2,000-3,000 customers each, even though there are an estimated 3 lakh jewellers in India.

"These small developers are unable to see the big picture, think big. The association's initial efforts would be directed towards creating the knowledge bank and environment required for these developers to explode," says Sharad Sharma. He says it will simultaneously work to create awareness about why the industry is important for the national agenda. "Once society recognizes our value, we hope to influence the government to create better taxation and policy frameworks," Sharma says.

Asked how Nasscom felt about the product companies creating a separate association, Goenka said, "I have been talking with Som Mittal (Nasscom president) for some six months about this. Nasscom has promised support. We will not be in conflict with anybody." Vishnu Dusad said iSpirt would work with all industry associations — including Nasscom — that are dedicated to creating world-class products and intellectual property.

Nasscom tends to be dominated by IT services companies. Sub-segments within it, including the BPO companies, have often felt that their issues were not being sufficiently addressed. But this is the first occasion where a segment is breaking away, though some will be members of both Nasscom and iSpirt. And this is happening just when Nasscom had established a committee under Infosys founder N R Narayana Murthy to make recommendations on how to make the organization more relevant given the changing IT environment.

iSpirt will not have a president or any such nomenclature. There will be a governing council consisting of Sharma, Goenka, Tewari and Dusad. "We'll have a flat structure and have a volunteer model. We believe that creates higher quality outcomes than one where you have a paid official running the organization," Sharma says.

Source : TOI

IT hiring to fall in 2013: Nasscom

HYDERABAD: The additional personnel requirement in the IT sector of the country may come down by nearly 50,000 in the current fiscal as there is a large scale backlog of recruitments last year, IT-BPO industry body Nasscom said.


"Last year we added 1.8 lakh jobs net. This year it will be 1.3 to 1.5 lakh jobs. Last year there was filling up back logs because we had shrunk our pipeline. We are still the largest employers of white collar sectors of the country which has 3 million young people at the age of 27," Nasscom President Som Mittal told reporters here.

"Secondly, our business is not linear any more. There was time where for every dollar you added so many hours. But today it is IP-led and innovation, which we don't repeat (the job) which is good for the country," he added.

Replying to a query, he said the IT industry is expected to grow at 12 to 14 per cent in dollar terms in the current fiscal.

"This year we will probably add $13 to 15 billion new business in both domestic and exports," Mittal said.

According to him, the IT industry witnessed $76 billion exports and $32 billion domestic business which includes hardware last year. In 2012-13, the industry has grown 10.2 per cent in pure dollar terms and 10.9 per cent in constant currencies and 21 to 22 per cent in rupee term.

On attrition rate of the industry, Mittal said it has come down as demand and supply adjusts.

Currently, it hovers in 13-15 per cent on the higher side. Meanwhile, as a next step to its recently launched '10,000 startups' programme, the Nasscom signed a MoU with Hyderabad Angels, TiE Incubator and IIIT Hyderabad Incubator to collaborate and support the creation of a vibrant ecosystem to foster technology entrepreneurship in India.

Mittal said that they are inviting of applications from innovative technology startups across the country for an insightful engagement with its accelerator and funding partners.

The Association has already received over 1,000 applications from various budding startups since the launch of the program and is expected to cross over 5,000 startup applications in the next eight weeks.

Source : TOI