Summer internships go virtual in closing
Chennai: It's that time of year when you do student internships. But the Covid-19 crash is forcing companies to seek virtual internships this time.
The AB InBev brewing company has 40 B-school students working on virtual internships at its global captive center and business units to continue. The format of the summer internship remains the same, except that it is digitally driven, in line with the government's ongoing social distancing directives, AB InBev (South Asia) People Director Tanushree Mishra said.
Internship portals are also seeing companies come up with two, four, or six month work-at-home (FMH) job openings. The Internshala internship platform has seen a 30% increase in company posts and a 36% increase in student applications. “There is a subsequent drop of 27% for internships in the office. Some companies have postponed their internships to a later date, Internshala CEO Sarvesh Agarwal said.
Financial technology companies are expanding their scope of internships outside of India. The digital lending platform MoneyTap is evaluating options for hiring more interns from the Middle East and Europe, as the current environment has given you multiple options to explore different skill sets available abroad. “With this lockout in place, we are also retaining the many interns we have already hired for the HR, marketing and operations teams. Since this is a virtual internship, we also save costs. Therefore, it offers an advantage to explore the talent available abroad, ”said Anuj Kacker, co-founder and COO of MoneyTap.
However, some of these companies do not offer technology-based roles, as data security can be an issue when interns work from home. Realme PaySa has 20 interns working at UPI. Company CEO Varun Sridhar said: “We have proposed that interns work for us for virtually another six months and commit to 6 to 12 hours of work per week. Unlike technical work, which requires daily monitoring due to data security, these interns will be used for product innovation and testing that can be done from remote areas.
However, even when virtual internships see an increase, overall opportunities have declined by as much as 10%, those platforms say. Angaros Group director Aashish Malve said the companies offer virtual practices in content, UI/UX, design and technology. “The movement of virtual internships has been almost the same as last year. Some of them have postponed their internships and general opportunities are seeing a marginal drop, he added.