With a robust economy, low unemployment rate and manufacturing at a steady pace, it’s no surprise the National Association of Colleges and Employers (NACE), reported that employers projected to hire 3.4 percent more interns in 2017 than 2016. In fact, 2017 was the first year since 2013 employers revealed positive projections for hiring interns, co-ops and full-time, entry-level hires.
The association also stated that over the last several years, most membership-employers with internship (75.2 percent) and co-op (65.9 percent) programs said the primary focus of internship programs is to recruit college graduates for full-time positions.
Summer internship programs are beneficial for the employer and intern. The employer receives added assistance with daily work tasks while the intern gains much-needed work experience. It’s often easy to spot the talent of a summer intern during a summer program, yet why should a company offer a full-time position?
1. They Can Bring Value to Your Company
Many summer interns are keen and enthusiastic. Consistently devising fresh ideas and concepts for projects on an ongoing basis is a sure sign of potential future development and progress. Plus, they developed experience within a corporation over the course of an internship, and can further build on their ideas and quite possibly bring something new and exciting to the table for the long term.
2. Smooth Transition
Hiring and training new employees takes time. It can be frustrating for an employer to make the time and effort with on-the-job-training only to realize the employee becomes unhappy in their role or the employer is disappointed with their performance. Hiring interns for the summer, however, means that they have already grown into a role, their work habits are recognized and are well-acquainted with other employees and/or clients. Plus, they are current with company operations and upcoming or ongoing projects.
3. Cost Savings
In simple terms, hiring and training a new employee means revenue for a company. According to a report from the Society for Human Resource Management, the average cost-per-hire is approximately $4,425, while the average time it takes to fill a given position is 36 days. Whereas an intern is already present in their given role and investment has already been made in their training.
Offering a summer intern full-time employment has several more benefits and is an effective way to develop a great team and grow a company. Even if there are no immediate openings for another team member, it’s always wise to leave the door open for a summer intern in the event of future hires.
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