November 22, 2011
Interns to the Rescue!
Have dreams of business expansion that don’t match up with your company’s bank account? It might be time to start an internship program.
Business-minded youth get real world job experience, and you get some much-needed help without the cost of hiring a new employee.
“Interns can be one of the most cost-effective, highly skilled workers for your organization," says Delmar Johnson, founder and chief HR advisor at HR Brain for Hire.
She adds that interns give you a chance to observe potential new employees without having to hire them on a long-term basis.
What are the benefits? A “flexible, cost-effective workforce, reduction in recruitment costs while having access to a skilled labor pool,” and a likely increase in productivity levels, says Johnson. In addition, interns in college can likely get course credit for their work.
For job seekers, interning means a chance to gain vital skills and possibly a new job. Plus, an intern can save a company more than $6,000 compared to a full-time hire, according to a recent Fortune 500 survey.
Before seeking interns, Johnson says wise companies make sure they’re ready to expand, take on more risk and have time to recruit, train and support interns. Internships should “give students an opportunity to use their knowledge and skills in an actual work situation.”
For small businesses, Intern Profits says interns can cover duties like social media, market research and administrative office tasks.
MSN Money reminds business not to take advantage of free intern labor. If there’s slim chance of advancement, extra-long work hours or tasks meant for an actual employee, interns might not be a fit. Check out the Fair Labor Standards Act to make sure you’re within the law.
Bonus PINK Link: Learn more about how interns can help a company grow in our online exclusive.
By Caroline Cox
“It’s not the load that breaks you down, it’s the way you carry it.” Lena Horne
*Supporting images from FreeDigitalPhotos.net, Danilo Rizzuti, Bookworm, and jscreationzs.