Summer internships are a valuable stepping stone for companies to identify and hire top talent. However, organizations must recognize that simply offering internships is not enough. To truly unlock the full potential of these programs, companies must ensure that their initiatives deliver substantial benefits to both the interns and the company itself. Unfortunately, not all companies excel in this regard, often overlooking the importance of creating impactful and meaningful internship experiences.  In this blog post, we will explore the advantages that internships can bring to both interns and companies when thoughtfully designed and executed. Advantages Of Hiring Interns Reduced Labor Costs Hiring interns can be cost-effective for organizations, as they often work for lower wages. As reported by CNBC, a significant 60% of interns receive compensation for their work. On average, these paid interns earn an hourly wage of $20.82. This helps businesses allocate their… [Read More]

As the days get warmer and the school year draws to a close, many students search for work to earn some extra money while their studies are on pause. Although summer jobs are beneficial on a transactional level, summer internships provide both financial and professional perks. Internships give students hands-on job experience in an industry related to their major.  For example, a finance major may intern at an investment firm, an engineering major may work for a semiconductor manufacturer, and a marketing major may try their hand at a marketing agency. Summer internships typically last eight to twelve weeks long and pay on average $16.45 per hour in the United States. While this resume-building activity is undoubtedly great for students, businesses benefit as well. In one of the tightest labor markets in history, companies can bridge their talent gaps with summer interns. Here’s how.  How… [Read More]

Every summer, college, and graduate students participate in summer internships in various American companies. Internships allow students to gain invaluable hands-on work experience while providing companies with young and eager workers passionate about their industry.  This is a mutually beneficial arrangement, and often, companies will hire their interns for permanent positions once they graduate from school, making internships an excellent pipeline for hiring new talent. Unfortunately, as the COVID-19 pandemic rages on, many companies’ offices are closed, with most of their workforce working from home.  This leaves organizations in an unusual position to cut down on their internship, hire drastically, or cancel their internship programs altogether. If this “new normal” has shown us anything, though, it’s that businesses can run efficiently and effectively with virtual employees. Given the success of the work from home model for full-time employees, remote internships can be just as successful. … [Read More]