Employer's Benefits
- The cost of recruiting internship students averages sixteen times less than recruiting recent college graduates.
- Almost 50 percent of internship students accept permanent positions with their internship employers. The retention of college graduates after 5 years of employment is 30% greater for internship graduates.
- Typically, students on internship receive lower salaries and fewer fringe benefits than permanent employees.
- Total wages average less for internship students. In addition, employers are not required to pay unemployment compensation taxes on wages of internship students if they are enrolled in a qualified program.
- The percentage of minority group members hired is twice as high among internship students as among recent college graduates, thus assisting internship employers in meeting EEO objectives.
- Internship programs provide an opportunity to evaluate employees prior to a decision regarding full-time employment.
- The internship graduate's work performance is superior to that of a college graduate without internship. Students are more flexible and easily adapt to a professional environment.
- Regular staff members are freed up from more basic aspects of their jobs to focus on more demanding and profitable assignments.
- Internship programs supply students who have new ideas and fresh approaches. Internship students bring state-of-the-art technical knowledge to their work assignments.
- Internship graduates are promoted sooner (and further) than other graduates.
- Internship programs build positive relationships between businesses and schools.
