The 5 Benefits of Internship Programs for Employers
You may be reluctant to start an internship program, knowing that it involves a lot of work. You’ll need to research best practices for internship programs, advertise and scout for potential interns, and spend time training them for a position they’ll only have temporarily.
So why do 92 percent of businesses have some kind of internship program?
It’s because the benefits more than make up for the investment required:
- Productivity. It may take a few days, or even a few weeks, to train your interns on their job responsibilities (and how your business operates), but at the end of that period, you’ll have a fully productive staff member to make your team more collectively productive. If you pay your intern a fair wage, they’ll be even more incentivized to help you reach your goals.
- Talent scouting. Depending on the type of internship, between 37 and 60 percent of interns eventually receive job offers from their employers. You aren’t required to give your interns a job after their performance, but it is a possibility. You can use this as a way to “test drive” new talent, offering jobs to the top performers you find, and allowing other interns to move onto other opportunities.
- Community support. This is also a useful way to support your community, especially if you live in a college town. It’s hard for college graduates to find jobs without any experience, so you can give them that experience and contribute to the economic success of your region. Who knows? Your interns may become future business leaders and drive even further economic growth in your area.
- Brand visibility and reputation. Promoting an internship program also gives your brand more visibility, and can garner more respect for your organization. People will see you giving back to your community, and they’ll hold your brand in higher regard.
- Perspective. Interns will also see how your organization works with fresh eyes, and usually, professional inexperience. This gives them unique insight into your business, and their feedback for your program can help you make your business even better.
Finding success with an internship program requires dedication and investment, but that investment almost always pays off. Whether you’re looking for more talented employees or just want to give back to your community, every business has something to gain.