In this series of “Naukri Baat”, Arvind Nahata, the co-founder of Decimal Technologies, explained the opportunities and preparation of jobs in the FinTech sector. He said that to survive in the competition of jobs, it is very important to learn at all levels and leave out the old things. They say that those people who are not in the IT sector, those youth should be in contact with their former employer ie their former company.
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Question: What should people who lost jobs during the epidemic do?
Answer : The unemployment rate has risen sharply to 28 percent due to the lockdown in India. It is estimated that due to the global epidemic of Kovid-19, about 130 million people have lost their jobs. About 75 percent of the 12.2 million people are small traders and workers. The IT and ITeS industries and companies that depended on the fields of travel, hospitality, FMCG and clothing have been badly affected. The demand for IT in pharma, banking and health care was there in the last one year. For those who are not connected with IT, the situation is not easy. They still have to struggle and wait for the conditions to improve. This is a good opportunity for people associated with IT to expand their skills and move to another area.
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Arvind Nahata, co-founder of Decimal Technologies
Question: A lot of courses have been available online since the epidemic. If someone does these courses, will companies hire them?
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Question: When the market is slowly opening, where and how should youth look for jobs?
Answer : Those who are not in the IT sector, those youth should be in contact with their former employer. Along with this, websites that tell jobs (Jobs, Monsters, Indid) should be kept on the lookout. Along with this, social media (LinkedIn, Facebook) and alumni groups should be in touch.
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Question: How to prepare for the interview in this difficult time?
Answer : Those job seekers who can communicate positively and tell how they have used Kovid’s time to learn new skills related to technology or life can have a much better impact on the job placement institution. Good knowledge about new recruitment procedures like video interview etc. will also help them understand the new process of interview.
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Question: Has there been a change in the hiring process after Kovid-19?
Answer : Yes, this process will run less on human level and more on technology related platforms.
Question: What kind of career can be adopted under the present circumstances?
Answer : During and after the epidemic, now the focus is on being digital once again. Whoever is involved in it will definitely benefit. Similarly, working from a remote place is also an aspect that will remain for a long time even after the global epidemic. This will turn many traditional careers into jobs, because those who work will have the facility to work in many areas of their interest simultaneously.
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Question: Considering Artificial Intelligence and Big Data, what changes can be seen for the future?
Answer : AI and Big Data were influencing workplace decisions even before Kovid-19. Now its speed has increased. Instead of increasing the number of workers, companies are preparing to cut them drastically. However, according to me it is getting better, because now companies will have to retrain on a large scale and this will create more job opportunities.
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Question: Tell us about the FinTech sector?
Answer : Fintech sector, in which decimal technology works, is growing very fast and Kovid-19 has increased its speed further. Since financial services do not have much reach in India, there is a lot of potential in this sector and a lot of work has to be done. This sector will grow by leaps and bounds in the coming decades.
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Question: What kind of skill or skill do you want and how do you evaluate it?
Answer : We employ people from many types of technical and non-technical skills. In technical skills, we hire people for all the popular skills (mentioned above) and for Quattil Assurance, Program Management and Software Development skills. In non technical skills, we hire people for sales, pre sales, marketing, people management and execution skills. If you are already doing a job, then learn about the company’s business and see how you can cooperate. Re-train and update yourself according to the new trend of your industry.
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Question: Tell us about your company’s hiring process?
Answer : There are two technical stages of evaluation in our recruitment process. One of these is the managerial phase and the other is the HR (Cultural Fitmat) phase. Applicants are drawn from every channel (job portal, social media, employee referrals, old employees’ networks, placement consultants). Whoever wants to get involved with decimal technology should see its website and LinkedIn company page. We always want people who want to move forward with us. The method of evaluation is interview and in some cases the assignment is also done. Apart from the technical skills that I have mentioned for the industry, in Decimal Technologies we also want to see how much you are ready to go forward on a professional and personal level. We give importance to the spirit and sensory intelligence of the game, among other things.
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Question: What are the prospects of growth in your company and in this sector?
Answer : This sector itself is moving forward, because there is a lot of emphasis on digitalisation of financial services. Our company has registered a 40 percent increase over the previous year and last year we have increased the number of people joining us by 50 percent.
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