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.
