🧑🏻‍💻 Revolutionizing Tech Recruitment (Issue 027)

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In today’s Issue 📥 :

• Revolutionizing Tech Recruitment.

• The process-focused approach.

• ‘Naatu Naatu’ At Oscars 2023.

• Silicon Valley Bank as SBI Alternative.

Revolutionizing Tech Recruitment: Coffeee.io’s Mission to Eliminate Bias and Boost Efficiency

☕ Good morning! Sippers,

As we all know, the IT sector is booming, but it’s not without its challenges when it comes to finding quality talent. The recruitment process can be tedious, time-consuming, and biased, which is where Coffeee.io steps in to make a difference.

Coffeee.io is a tech recruitment startup that provides a pool of pre-assessed developers to pick from and facilitates online interviews. By bringing all recruitment-related functions into one place, the objective is to help recruiters make quick and bias-free decisions in a cost-effective and efficient manner.

Let’s dive deeper into the details of what Coffeee.io has to offer:

Creating a community for job seekers and developers

Coffeee.io aims to create a community for job seekers and developers to collaborate, learn and grow, and find the right job. This approach helps create a nurturing environment where candidates feel supported and empowered to showcase their skills and abilities.

Assessing skills and abilities via tests and mock interviews

Coffeee.io provides an AI-enabled platform that connects freshers as well as experienced developers with relevant job opportunities. Before candidates are connected with recruiters, the platform assesses their skills and abilities via tests and mock interviews. This approach ensures that every developer, including those from Tier II, III, and IV cities, gets a fair chance during recruitment.

Supporting live online coding: The interview platform supports live online coding, which enables interviewers to see the candidates coding live and be absolutely sure of the candidate’s skill and quality. This approach improves the authenticity of each profile, making it convenient for both recruiters and job seekers.

Offering free online boot camps: Coffeee.io offers free online boot camps for college graduates to help them excel at assessments and interviews. The boot camps provide focused modules that prepare candidates who are talented but unable to crack the hiring process due to a lack of training or specific skills.

Saving time and costs: As the platform provides all recruitment-related functions in one place, the entire process of recruitment becomes efficient. Recruiters also save time as they do not have to go through hundreds of unvetted resumes and then wait for assessments. Companies also save on additional costs such as resume sourcing, assessment application tracking, and an interview platform. Coffeee.io charges 30-40% lesser than the market rate, making it an affordable option for companies.

The Future of Coffeee.io

Coffeee.io is an innovative player in the HR tech market, and it competes with players such as Naukri, LinkedIn, Unstop, CoCubes, Interview Vector, Geeksforgeeks, and CodingNinjas. In August last year, Coffeee.io raised Rs 6 crore in a pre-seed funding round, and the startup plans to raise more funds and launch its platform in the United States in the first quarter of 2023. It also aims to expand to more campuses in India over the next year.

In conclusion, Coffeee.io is disrupting the traditional recruitment process and making it more efficient, cost-effective, and bias-free. With a strong focus on creating a community of job seekers and developers, Coffeee.io is transforming the way recruitment is done in the IT sector.

IMPROVEMENT SIP

The process-focused approach

In a world that is outcome-driven, it is easy to get caught up in achieving a specific goal and forget about the importance of the process that leads to it. However, as the quote suggests, focusing solely on the outcome can limit our potential for future success. Instead, we should prioritize the process that leads to great outcomes.

The process-focused approach is rooted in the idea that success is not a one-time event, but rather a continuous journey of improvement. When we prioritize the process, we focus on developing the skills and habits that will help us achieve success in the long run. This can include setting achievable goals, breaking them down into smaller tasks, and consistently working towards them.

One example of the importance of the process can be seen in the world of sports. Athletes who focus on the process of training and developing their skills are more likely to achieve long-term success. As basketball coach Phil Jackson said, “The road to freedom is a beautiful system when it works. It’s like nothing else. It’s organized and structured, and it gives meaning and purpose to people’s lives.”

The process-focused approach can also be applied to personal and professional development. For instance, a study by the Harvard Business Review found that companies that focus on the process of continuous improvement are more likely to achieve long-term success than those that focus solely on short-term outcomes.

HOT SIP

Indian Startups Embrace Silicon Valley Bank as Their SBI Alternative in Uncertain Times

India’s startup ecosystem has been hit by the recent shutdown of Silicon Valley Bank (SVB) by US regulators, in what is being called the largest bank failure since the 2008 Lehman bankruptcy. SVB has been a popular bank for startups and venture capitalists globally, including Indian SaaS companies. However, US regulators have taken control of SVB’s customer deposits, leading to concerns for Indian startups who have their wealth managed by SVB.

The crisis has led to Indian startups scrambling to move their deposits to either neo-banks or traditional banks or other financial assets. Early-stage startups have been hit the hardest, as they often put their funds into SVB as soon as they raise money from global investors in the initial rounds. SaaS companies, with tremendous exposure to cross-border clients and SVB, are also badly affected.

Several Indian startups have already begun opening accounts in US-based neo-banks like Mercury and Brex and migrated their money out of SVB. Some are also transferring their cash to Indian entities through FDIs, while others are moving to the money markets. For US-based citizens, it is easier to open new accounts in a Bank of America or Chase branch.

Despite the crisis, most founders continue to speak of the goodwill and support offered by SVB to the startup and VC community over the years. However, the lesson learned from this saga is that companies need to park their cash in not just one asset, but in diversified destinations.

SMALL SIPS

Scripted Drama: Shark Tank gets slammed for ‘scripted drama’ after actor Parul Gulati’s pitch. Actor Parul Gulati was a part of the finale episode of Shark Tank India Season 2. The actor is known for shows like Girls Hostel, Your Honor, Illegal – Justice, and Selection Day. The sharks were impressed with her hair-extension brand while shark Amit Jain offered her ₹1 crore for 2% of equity – exactly what Gulati asked for.

Outperformer: Why Sandip Sabharwal expects Tech Mahindra to be an outperformer?

Indian-American CEOs: US President Joe Biden on Friday (local time) named two Indian-Americans — Revathi Advaithi, CEO of Flex, and Manish Bapna, CEO of the Natural Resources Defence Council to the Advisory Committee for Trade Policy and Negotiations.

N2 Flip: Oppo Find N2 Flip, the latest folding smartphone with Hasselblad camera tuning now available in India. The price starts from Rs 89,999.

At Oscars: At the 95th Academy Awards in Los Angeles, RRR came, saw, and absolutely conquered. It was no surprise that Naatu Naatu won the Oscar for Best Original Song – let’s be honest, who didn’t see that coming? There is no question of keeping calm and carrying on. The Oscars were awarded to composer MM Keeravaani and lyricist Chandrabose, who accepted their awards with a performance of The Carpenters’ hit Top Of The World. The insanely viral track is from RRR, directed by SS Rajamouli, and features actors Ram Charan and Jr NTR, all of whom attended the Academy Awards.

With CHAI ☕

Ceo: Tech Mahindra names Infosys President Mohit Joshi as next CEO and MD.

How to: edit ProRAW photos on your iPhone.

Aww: Don’t fall.

It’s Interesting: Istanbul, Turkey, is located in both Europe and Asia.

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