Adding Value With Interns

Is your business seasonal? Are you growing rapidly and need to fill a position quickly? Do you want to bring in fresh talent that can be trained by your rules? Do you have a project just waiting to get done? If you answered yes to any of these questions, it may be time to begin an internship program.
As cited by CollegeRecruiter.com, The Internship Institute shares their top 10 reasons for internship programs in their Intern Toolkit™.
  1. Increased productivity – Interns are extra manpower that often have incentives to  perform beyond the standard employee.
  2. Enable existing employees – Interns free up other employee time that can be focused on more valuable work.
  3. Build managerial experience – Not only does the internship allow the firm to trial a new employee, but it provides an opportunity for an existing employee to gain some supervisory experience.
  4. Inject enthusiasm – Interns often bring new energy and new ideas. They may be more likely to think outside the box then firm is used to.
  5. Broaden firm capabilities – Interns may have skills other staff lacks and coming directly from the academic environment, they are privy to the latest methodologies and technologies.
  6. Improved recruiting – The opportunity to hiring an intern after graduation provides savings on the costs of recruiting efforts and hiring mistakes.
  7. Secure future employees – Internship programs allow the firm to pre-recruit, pre-qualify, and pre-train potential employees.
  8. Talent advantage – The firm is able to secure top talent before it enters the “open market”.
  9. Community involvement – Having interns improves the firm’s reputation with the community and the school.
  10. Pre-networking – Forging collegial relationships early on can lead to even greater rewards to be shared with future colleagues. 
Matthew Zinman, the founder of The Internship Institute, has said, “Students are highly capable of contributing all kinds of business value…when well managed, the amount of time they contribute yields far more productivity and many other unique benefits.” Click to read more about internship programs from Gaebler Ventures , a consulting firm or in Brigham Young University Magazine . Later this week, this topic will be continued by discussing items to consider in starting an internship program.

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