Siemens Brings on Young Engineers, GE Insources
[youtube http://www.youtube.com/watch?v=iVXz3SDHH3g&w=560&h=349] DICE NEWS UPDATE: Siemens USA likes its interns so much, it hires them... Crazy markets? Financial companies are still looking for IT help... GE’s bringing outsourced work back in-house... And the Federation has landed. All on this week's Update. Siemens USA is offering positions to 75 of its 170 interns this fall, putting nearly 80 percent of them into engineering jobs. The company starts looking at talent at the high school level. It invests in science, technology, engineering and math initiatives, and gets its products into schools to raise brand and company awareness. Siemens has 62,000 employees in the United States and more than 3,000 open positions, half of them in engineering. Opportunities are growing in a sector you might have thought was in trouble: Finance. Whether markets are climbing or falling off cliffs, their speed and complexity has become so intense, almost nothing gets done without some kind of technology behind it. Creating trading algorithms, designing and maintaining systems that execute them, security, and risk have all have become big components of Wall Street’s operations. Recruiters say between 60 and 70 percent of bank technology hires are focused on compliance and risk, rather than systems development. Most firms are looking for IT people to fill back-office roles, meaning jobs that keep the bank running behind-the-scenes. One caveat, though: Employers are more and more inclined to “slice and dice” job functions, taking an a la carte approach and hiring remote and contingent employees with specific, high-end skills. GE is bringing some outsourced tech jobs back inside. The company says it will add more than 15,000 jobs in three years, including 1,100 IT jobs outside of Detroit. So far, GE's hired about 660 people there. They'll replace contractors. One reason for the shift: The company believes it's lost a lot of technical capabilities that it has to own. Good news: A $1.5 billion Star Trek theme park is in the works. Bad news: It's going to be in Jordan. Investors from the United States and the Gulf region are involved -- including Jordan's Kind Abdullah, who's a major backer. The park will have 17 entertainment areas and four hotels on 184 acres of land. Besides Star Trek attractions, it'll have some based on Jordan’s history. I don't know if there's anything on the Romulans, Vulcans, or Klingons. They’d rather do history of the cradle of civilization than take us to Kronos.