A recent study helped determine whether internships are a worthwhile endeavor for college students. Some of the interesting facts uncovered are:
- In 2011, over half of the internships were paid (approximated at 52%).
- A college freshman intern makes $13.91 per hour on average.
- In 2011, 61.2% of employers made full-time offers to their interns, out of which 86.5% of the interns accepted.
- 61% of paid interns received job offers compared to 38% of unpaid interns.
- Online networking (Facebook, LinkedIn, etc) was pointed out as the least affective method of recruitment.
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It’s wonderful to know that paid internships help both the company as well as the intern. This re-inforces the concept of “you get what you pay for.”
If you invest in an intern, they get hands-on training, they get paid and they become very productive. Whether they choose to stay or choose to work elsewhere, you’ve produced a capable and skilled worker.