There is a lot of controversy about being an intern, not getting paid for your work, and the lack of jobs in the creative sector.
Not surprisingly, 75% of graduates claim to have done an internship and the number has doubled since the 80s. But what about the other side of the coin? Are businesses actually getting the best bang for their buck? (Yes, there are actual bucks involved). Do interns contribute to a company’s bottom line in a positive way? Are service providers losing out because of the huge influx of interns?
Note: Larger companies have invested hundreds of thousands of dollars into recent graduate recruitment and internship programs, so for the sake of clarity, I’m speaking about small to medium sized businesses.
Interns are desirable not only for free labour, but many government programs actually offer tax incentives to companies to pay interns. Aside from the money aspect, interns have usually just come from a post-secondary education or professional training. They’re likely to be ready and willing to learn, but also eager to input new ideas.
While there will inevitably be time spent training and correcting any new hire, whether temporary or not, interns are usually hired much quicker than an employee and so, arguably, the time spent post-hire makes up for the time spent pre-hire. And, if your intern works out, you just saved a lot of time looking for, hiring and training your next employee.
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