Software companies are basically of two types. The service-based software services company and the product-based software services company. Here’s a quick look at these two types of software companies.
The service-based software service companies:
The service-based companies do not deliver any product and service directly to end-users under their brand. Rather, they work for other companies.
These are the organizations that will hire from the regular colleges. In most situations, these IT companies will never insist that only students majoring in data science or information and technology attend their interviews.
Instead, they’ll open the interview process to all departments, including civil and mechanical, and pick the best candidates. There are also instances where you will be hired by these companies but will not begin working for them for at least a year.
Once you’ve started working, they’ll provide you with three months of training tailored to your needs. They will only be placed on the job after passing a series of examinations, depending on their training.
You would not be educated to the basic level in the program, but rather use some standard tools like APIs produced by other business firms. The job will also be monotonous, requiring little learning and failing to stay up with the current technologies.
With such types of firms, there is still a period known as the bench, during which personnel would remain idle on their campus owing to project unavailability. These companies used to be highly rigorous about office hours and dress codes, for example.
The product-based software service companies:
Companies that manufacture their own goods and deliver them to end consumers are considered product-based. Candidates with strong technical and subject knowledge, as well as familiarity only with the latest tools and technologies, will be preferred.
They are more likely to hire students who have a specialism that matches their needs. At least one round of their interviews will be conducted by a team that has a specific skill set requirement.
They’ll look to see if the candidate satisfies their requirements and is a good fit for their team. They used to waste hours on recruiting only IITs, NITs, and a few high-end universities since they had to send a representative for an interview during the working day and pay their expenses, where they would be able to get a job.
In product-based companies, you’ll spend years working on the same thing, whereas in service, you’ll only be there for a few months (years in rare cases).
In most situations, product-based organizations or software services companies consider their staff as an advantage, as losing them would be a significant loss, it would take a longer time for a new worker to become knowledgeable about their product.
Quality will reign supreme for product-based businesses, while the client will reign supreme for service-based businesses. You’ll have more opportunities to learn because you’ll be working on a fresh challenge and writing code from scratch.
In a product-based company, the typical annual income will be around 12 lacs. Even many new start-ups used to pay that amount of $65,000 a year. They won’t be too strict about deadlines; all you have to do is do your assignment. Apple, Microsoft, Google, Facebook, and other product-based corporations are examples.
Candidates that are enthusiastic about new technologies may consider a product-based career path, as there are numerous opportunities for studying and experimenting. Those with strong, soft skills, such as communication and people management, should consider working for a software services company, where they can earn their clients’ trust.